German financial services provider Hannover Rück announced on Tuesday that it expects higher earnings this year. In 2024, the company anticipates earnings of at least €2.1 billion ($2.27 billion), a 24% increase compared to the previous year. However, this target is contingent on the large loss expenditure remaining within the budgeted amount of €1.825 billion, as well as a stable capital market. Hannover Rück’s financial strategy for the period of 2023-2026 includes projected earnings before interest and tax (EBIT) growth of more than 5% and a return on equity of over 14%. This strategy build…