Half-yearly Financial Report 2017

Hannover Re Website | Sitemap | Deutsch

Property and casualty reinsurance Life and health reinsurance Investments

Risk landscape of Hannover Re Strategy implementation External factors Risk capital Risk management Key elements of the risk management system Internal control system Internal risk assessment Underwriting risks in property and casualty reinsurance Underwriting risks in life and health reinsurance Market risks Counterparty default risks Operational risks Other risks

Overall assessment by the Executive Board

Forecast Events after the reporting date

Balance sheet Statement of income Statement of comprehensive income Statement of changes in shareholders’ equity Cash flow statement

Global presence Strategic business groups History

Key figures

in EUR million	2017					2016
	1.1. – 31.3.	1.4 – 30.6.	+/– previous year	1.1. – 30.6.	+/– previous year	1.4 – 30.6.¹	1.1. – 30.6.¹	31.12.
Results
Gross written premium	4,546.6	4,451.0	+10.7%	8,997.6	+8.6%	4,020.2	8,283.8
Net premium earned	3,732.1	3,790.6	+4.6%	7,522.8	+5.0%	3,624.6	7,166.7
Net underwriting result	(23.4)	(55.4)		(78.8)		(38.7)	(2.7)
Net investment income	392.9	386.5	+2.1%	779.4	+4.6%	378.5	744.8
Operating profit (EBIT)	399.9	399.5	+17.3%	799.4	+7.0%	340.5	747.2
Group net income	264.8	270.2	+24.6%	535.0	+9.6%	216.8	488.0

Balance sheet
Policyholders´ surplus	11,531.4			10,788.4	-3.9%		10,628.9	11,231.4
Equity attributable to shareholders of Hannover Rück SE	9,316.9			8,562.2	-4.8%		8,423.1	8,997.2
Non-controlling interests	723.4			734.6	-1.2%		715.1	743.3
Hybrid capital	1,491.1			1,491.6	+0.1%		1,490.6	1,490.8
Investments (excl. funds withheld by ceding companies)	42,032.1			40,393.0	-3.4%		39,755.0	41,793.5
Total assets	64,216.0			61,973.7	-2.4%		62,318.5	63,528.6

Share
Earnings per share (basic and diluted) in EUR	2.20	2.24	+24.6%	4.44	+9.6%	1.80	4.05
Book value per share in EUR	77.26			71.00	-4.8%		69.85	74.61
Share price at the end of the period in EUR	108.15			104.95	+2.1%		93.81	102.80
Market capitalisation at the end of the period	13,042.6			12,656.7	+2.1%		11,313.2	12,397.4

Ratios
Combined ratio (property and casualty reinsurance)²	95.6%	97.4%		96.5%		96.1%	95.4%
Large losses as percentage of net premium earned (property and casualty reinsurance)³	6.2%	(0.5%)		2.8%		15.8%	9.2%
Retention	89.6%	90.9%		90.3%		90.6%	89.8%
Return on investment (excl. funds withheld by ceding companies)⁴	3.0%	3.2%		3.2%		2.9%	2.9%
EBIT margin⁵	10.7%	10.5%		10.6%		9.4%	10.4%
Return on equity (after tax)	11.6%	12.1%		12.2%		10.3%	11.8%
¹ Restated pursuant to IFRS 3 (cf. section 3 of the notes) ² Including funds withheld ³ 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 ⁴ Excluding effects from ModCo derivatives ⁵ Operating result (EBIT) / net premium earned

Home

Foreword

Link für Popup

Half-yearly Financial Report 2017

Search

Key figures

Download

Services

History

My Annual Report