in EUR million | 2017 | 2016 | |||||
---|---|---|---|---|---|---|---|
1.1. – 31.3. | +/– previous year | 1.1. – 31.3. | 31.12. | ||||
Results | |||||||
Gross written premium | 4,546.6 | +6.6% | 4,263.6 | ||||
Net premium earned | 3,732.1 | +5.4% | 3,542.0 | ||||
Net underwriting result | (23.4) | 36.0 | |||||
Net investment income | 392.9 | +7.3% | 366.2 | ||||
Operating profit (EBIT) | 399.9 | -1.7% | 406.7 | ||||
Group net income | 264.8 | -2.4% | 271.2 | ||||
Balance sheet | |||||||
Policyholders´ surplus | 11,531.4 | +2.7% | 11,231.4 | ||||
Equity attributable to shareholders of Hannover Rück SE |
9,316.9 | +3.6% | 8,997.2 | ||||
Non-controlling interests | 723.4 | -2.7% | 743.3 | ||||
Hybrid capital | 1,491.1 | – | 1,490.8 | ||||
Investments (excl. funds withheld by ceding companies) |
42,032.1 | +0.6% | 41,793.5 | ||||
Total assets | 64,216.0 | +1.1% | 63,528.6 | ||||
Share | |||||||
Earnings per share (basic and diluted) in EUR |
2.20 | -2.4% | 2.25 | ||||
Book value per share in EUR | 77.26 | +3.6% | 69.42 | 74.61 | |||
Share price at the end of the period in EUR |
108.15 | +5.2% | 102.40 | 102.80 | |||
Market capitalisation at the end of the period |
13,042.6 | +5.2% | 12,349.1 | 12,397.4 | |||
Ratios | |||||||
Combined ratio (property and casualty reinsurance)1 |
95.6% | 94.7% | |||||
Large losses as percentage of net premium earned (property and casualty reinsurance)2 | 6.2% | 2.8% | |||||
Retention | 89.6% | 89.0% | |||||
Return on investment (excl. funds withheld by ceding companies)3 |
3.0% | 2.9% | |||||
EBIT margin4 | 10.7% | 11.5% | |||||
Return on equity (after tax) | 11.6% | 13.2% | |||||
1 Including funds withheld 2 Hannover Re Group´s net share for natural catastrophes and other major losses in excess of EUR 10 million gross as a percentage of net premium earned 3 Excluding effects from ModCo derivatives 4 Operating result (EBIT) / net premium earned |