Q3 2019 Hannover Rueck SE Earnings Call Transcript
Good morning, ladies and gentlemen. I welcome you to today's Hannover Re international conference call on the Q3 2019 results. For your information, this conference is being recorded.
At this time, I would like to hand the call over to your host today, Mr. Jean-Jacques Henchoz, Chief Executive Officer. Please, go ahead, sir.
Good morning, ladies and gentlemen. Let me also welcome you to our conference call presenting our results for the first 9 months of this year. As usual, I'll start with a short summary before our CFO, Roland Vogel, will go over the financials in detail. For the Q&A, I'm additionally joined by my Board colleagues, Klaus Miller and Sven Althoff.
In the first 9 months of 2019, group net income increased by 38% to EUR 1 billion. This is particularly pleasing because it outperforms the top line growth and the increase of the shareholders' equity and, hence, contributes to the ROE.
On the basis of the favorable
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