Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hannover Rueck SEHVRRF +1.68%82 Net Cash per Share is $3.38 as of Mar. 2026, which is 96% below its 10-year median of 93.07. GuruFocus rates HVRRF with a GF Score™ of 82/100 and a GF Value™ of $361.26 (Modestly Undervalued). Among 43 Insurance companies, Hannover Rueck SE ranks worse than 95.35% on this metric.
Hannover Rueck SE (OTCPK:HVRRF) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Hannover Rueck SE Net Cash per Share Related Terms
Hannover Rueck SE Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Hannover Rueck SE's Net Cash per Share 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.
HVRRF vs RGA, EG, RNR: Net Cash per Share Comparison
For the Insurance - Reinsurance subindustry, Hannover Rueck SE's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Insurance Industry
For the Insurance industry and Financial Services sector, Hannover Rueck SE's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Hannover Rueck SE's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Hannover Rueck SE's Net Cash per Share for the fiscal year that ended in Dec. 2025 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 (HVRRF) has a Net Cash per Share of $3.38 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Hannover Rueck SE and its competitors. This is 96% below median its historical median of 93.07. Over the past decade, Hannover Rueck SE's Net Cash per Share has ranged from 85.27 to 94.73. According to the industry distribution chart, Hannover Rueck SE ranks #41 out of 43 companies in the Insurance industry, placing it in the top 95.3%.
Is Hannover Rueck SE's Net Cash per Share too high?
Hannover Rueck SE's current Net Cash per Share of $3.38 is 96% below median its 10-year median of 93.07. Over the past 10 years, this metric has ranged from a low of 85.27 to a high of 94.73. The Insurance industry median Net Cash per Share is 5.39. Hannover Rueck SE's value of $3.38 is 37.3% below this industry median. Based on the distribution chart, Hannover Rueck SE ranks #41 out of 43 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Hannover Rueck SE has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hannover Rueck SE's Net Cash per Share compare to RGA and EG?
According to the Insurance industry distribution chart, Hannover Rueck SE ranks #41 out of 43 companies for Net Cash per Share. This places Hannover Rueck SE in the lower half of its industry. The industry median Net Cash per Share is 5.39. Hannover Rueck SE's value of $3.38 is 37.3% below this benchmark. Historically, Hannover Rueck SE's own Net Cash per Share has ranged from 85.27 to 94.73 over the past decade. While the company's 10-year median is 93.07 vs. the industry median of 5.39, Hannover Rueck SE has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Insurance company?
The median Net Cash per Share among Insurance companies is 5.39, based on 43 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hannover Rueck SE's current Net Cash per Share of $3.38 is 37.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Hannover Rueck SE and its competitors. For the Insurance industry, the median Net Cash per Share is 5.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hannover Rueck SE's current Net Cash per Share is $3.38, which is 96% below median its own 10-year median of 93.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hannover Rueck SE stock overvalued right now?
Based on GuruFocus' analysis, Hannover Rueck SE (HVRRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $361.26, compared to a current price of $291.63 — trading 19.3% below its estimated fair value. The current Net Cash per Share is $3.38, which is 96% below median its 10-year median of 93.07 and 37.3% below the Insurance industry median of 5.39. Hannover Rueck SE's overall GF Score™ is 82/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Hannover Rueck SE (HVRRF), the current Net Cash per Share is $3.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hannover Rueck SE (HVRRF) Overvalued in 2026?
Based on GuruFocus' analysis, Hannover Rueck SE stock appears to be undervalued.
The current stock price of $291.63 is trading 19.3% below its estimated GF Value™ of $361.26.
GuruFocus considers Hannover Rueck SE to be Modestly Undervalued.
Key valuation signals for HVRRF:
Net Cash per Share: $3.38 (96% below median its 10-year median of 93.07)
GF Value™: $361.26 vs. price of $291.63 (19.3% below fair value)
Industry Position: 37.3% below the Insurance median (#41 of 43)
No single metric tells the full story. See the HVRRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
82GF Score
Get the complete analysis for HVRRF
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HVRRF has been successfully added to your 
