The present document is a quarterly statement pursuant to Section 51a of the Exchange Rules for the Frankfurter Wertpapierbörse (BörsO FWB). The consolidated balance sheet, consolidated statement of income, consolidated statement of comprehensive income and consolidated cash flow statement were drawn up according to the International Financial Reporting Standards (IFRS) that are to be used within the European Union and released for publication by a resolution of the Executive Board on 26 October 2017. The accounting policies were the same as those applied in the preceding consolidated annual financial statement. Changes that were necessary in specific justified cases are reported separately.
On 20 July 2017 Hannover Re completed the acquisition of the UK holding company Argenta Holdings Limited. The company was therefore included in the consolidated financial statement with effect from the third quarter on a provisional basis. The cost of acquisition amounted to EUR 162.2 million. In connection with the transaction net assets of EUR 133.0 million were assumed and goodwill of EUR 29.2 million was recognised.
The present interim financial statement was drawn up in euros (EUR), the amounts shown have been rounded to EUR thousands and in our notes – provided this does not detract from transparency – to EUR millions. Figures indicated in brackets refer to the previous year.
|Key exchange rates|
|1 EUR corresponds to:||30.9.2017||31.12.2016||1.1.–30.9.2017||1.1.–30.9.2016|
|Mean rate of exchange
on the balance sheet date
|Average rate of exchange|