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Hannover Re posts steep drop in Q3 profit after natural catastrophes
November 8, 2017 / 6:44 AM / a month ago

Hannover Re posts steep drop in Q3 profit after natural catastrophes

FRANKFURT, Nov 8 (Reuters) - Hannover Re said on Wednesday that third-quarter net profit fell 31 percent from a year earlier as a spate of natural catastrophes in North America took their toll.

The German reinsurer posted quarterly profit of 548.9 million euros ($636 million) in the quarter, down from 791.9 million euros a year earlier.

$1 = 0.8631 euros Reporting by Tom Sims; Editing by Maria Sheahan

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