Hannover Re’s total gross written premium for the nine months ending September was up 11.5% to €8.6 billion ($11.8 billion). Net premium during the period was up 11.1% to €7.5 billion ($10.2 billion).

General reinsurance gross premium increased by 9.5% to €4.8 billion ($6.5 billion) while net premium was up 8% to €4.1 billion ($5.6 billion).

CEO Ulrich Wallin says the strong result to date has put the company on track to deliver a profit of about €700 million ($961 million), up from earlier forecasts of €600 million ($823 million).