Based on our share's year-end closing price of EUR 117.70, the market capitalisation of the Group as at the end of the financial year amounted to EUR 14.2 billion and was thus EUR 1.5 billion – or around 12.2% – higher than the previous year's figure of EUR 12.7 billion.
Figures in EUR million |
2018 |
+ / -
previous year |
2017 |
2016 1 | 2015 |
2014 |
Results |
|
|
|
| |
|
Gross written premium |
19,176.4 |
+7.8% |
17,790.5 |
16,353.6 | 17,068.7 |
14,361.8 |
Net premium earned |
17,289.1 |
+10.6% |
15,631.7 |
14,410.3 | 14,593.0 |
12,423.1 |
Net underwriting result |
(51.1) |
|
(488.5) |
115.9 | 93.8 |
(23.69) |
Net investment income |
1,530.0 |
-13.7% |
1,773.9 |
1,550.4 | 1,665.1 |
1,471.8 |
Operating profit (EBIT) |
1,596.6 |
+17.0% |
1,364.4 |
1,689.3 | 1,755.2 |
1,466.4 |
Group net income |
1,059.5 |
+10.5% |
958.6 |
1,171.2 | 1,150.7 |
985.6 |
|
|
|
|
| |
|
Balance sheet |
|
|
|
| |
|
Policyholders´ surplus |
11,035.1 |
+2.4% |
10,778.5 |
11,231.4 | 10,267.3 |
10,239.5 |
Equity attributable to shareholders of Hannover Rück SE |
8,776.8 |
+2.9% |
8,528.5 |
8,997.2 | 8,068.3 |
7,550.8 |
Non-controlling interests |
765.2 |
+0.9% |
758.1 |
743.3 | 709.1 |
702.2 |
Hybrid capital |
1,493.1 |
+0.1% |
1,492.0 |
1,490.8 | 1,489.9 |
1,986.5 |
Investments (excl. funds withheld by ceding companies) |
42,197.3 |
+5.3% |
40,057.5 |
41,793.5 | 39,346.9 |
36,228.0 |
Total assets |
64,508.6 |
+5.4% |
61,196.8 |
63,594.5 | 63,214.9 |
60,457.6 |
|
|
|
|
| |
|
Share |
|
|
|
| |
|
Earnings per share (basic and diluted) in EUR |
8.79 |
+10.5% |
7.95 |
9.71 | 9.54 |
8.17 |
Book value per share in EUR |
72.78 |
+2.9% |
70.72 |
74.61 | 66.90 |
62.61 |
Dividend |
633.1 |
+5.0% |
603.0 |
603.0 | 572.8 |
512.5 |
Dividend per share in EUR |
3.75 + 1.50 2, 3 |
+5.0% |
3.50 + 1.50 3 |
3.50 + 1.50 3 | 3.25 + 1.50 3 |
3.00 + 1.25 3 |
Share price at year-end in EUR |
117.70 |
+12.2% |
104.90 |
102.80 | 105.65 |
74.97 |
Market capitalisation at year-end |
14,194.3 |
+12.2% |
12,650.6 |
12,397.4 | 12,741.1 |
9,041.2 |
|
|
|
|
| |
|
Ratios |
|
|
|
| |
|
Combined ratio (property and casualty reinsurance) 4 |
96.5% |
|
99.8% |
93.7% | 94.4% |
94.7% |
Large losses as percentage of net premium earned (property and casualty reinsurance) 5 |
7.9% |
|
12.3% |
7.8% | 7.1% |
6.1% |
Retention |
90.7% |
|
90.5% |
89.3% | 87.0% |
87.6% |
Return on investment (excl. funds withheld by ceding companies) 6 |
3.2% |
|
3.8% |
3.0% | 3.5% |
3.3% |
EBIT margin 7 |
9.2% |
|
8.7% |
11.7% | 12.0% |
11.8% |
Return on equity (after tax) |
12.2% |
|
10.9% |
13.7% | 14.7% |
14.7% |
Asset allocation as at 31 December 2018
~90% of investments are subject to Environmental, Social and Governance (ESG) criteria.
Book value 2018: EUR 42.2 billion