Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Hannover Rueck SE's share price for the quarter that ended in Sep. 2024 was €256.2. Hannover Rueck SE's Shares Outstanding (EOP) for the quarter that ended in Sep. 2024 was 121 Mil. Therefore, Hannover Rueck SE's market cap for the quarter that ended in Sep. 2024 was €30,897 Mil.
Hannover Rueck SE's quarterly market cap
declined
from Mar. 2024 (€30,644 Mil) to Jun. 2024 (€28,581 Mil) but then
increased
from Jun. 2024 (€28,581 Mil) to Sep. 2024 (€30,897 Mil).
Hannover Rueck SE's annual market cap
increased
from Dec. 2021 (€20,224 Mil) to Dec. 2022 (€22,443 Mil) and
increased
from Dec. 2022 (€22,443 Mil) to Dec. 2023 (€25,952 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Hannover Rueck SE's Enterprise Value for Today is €34,187 Mil.
Hannover Rueck SE Market Cap Historical Data
The historical data trend for Hannover Rueck SE's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Hannover Rueck SE's Market Cap
For the Insurance - Reinsurance subindustry, Hannover Rueck SE's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hannover Rueck SE's Market Cap Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Hannover Rueck SE's Market Cap distribution charts can be found below:
* The bar in red indicates where Hannover Rueck SE's Market Cap falls into.
Hannover Rueck SE Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Hannover Rueck SE's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hannover Rueck SE (WBO:HNR1) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Hannover Rueck SE Market Cap Related Terms
Thank you for viewing the detailed overview of Hannover Rueck SE's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftpflichtverband founded Eisen- und Stahl-Industrie to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftpflichtverband, and Aktiengesellschaft für Transport und- Rückversicherung was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx in January 2019. Hannover was listed in the 1990s on the Frankfurt Stock Exchange.
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