Key figures of Hannover Re 2016-2020

Figures in EUR million 2020+/- previous year 20192018201720161

1 Restated pursuant to IAS 8
2 Including expenses on funds withheld and contract deposits
3 Proposed dividend
4 Dividend of EUR 4.50 for 2020, dividend of EUR 4.00 plus special dividend of EUR 1.50 for 2019, dividend of EUR 3.75 plus special dividend of EUR 1.50 for 2018, dividend of EUR 3.50 plus special dividend of EUR 1.50 for 2017, dividend of EUR 3.50 plus special dividend of EUR 1.50 for 2016
5 Hannover Re Group's share for natural catastrophes and other major losses in excess of EUR 10 million gross as a percentage of net premium earned
6 Operating profit (EBIT)/net premium earned
Results
Gross written premium 24,765.5 +9.6% 22,597.6 19,176.4 17,790.5 16,353.6
Net premium earned 21,355.9 +8.2% 19,729.7 17,289.1 15,631.7 14,410.3
Net underwriting result2 (693.7) - (9.7) 156.9 (253.6) 448.1
Net investment income 1,688.1 -3.9% 1,757.1 1,530.0 1,773.9 1,550.4
Operating profit (EBIT) 1,214.1 -34.5% 1,853.2 1,596.6 1,364.4 1,689.3
Group net income 883.1 -31.2% 1,284.2 1,059.5 958.6 1,171.2
Balance sheet
Policyholders' surplus 14,071.0 +3.5% 13,588.9 11,035.1 10,778.5 11,231.4
Equity attributable to shareholders of Hannover Rück SE 10,995.0 +4.4% 10,528.0 8,776.8 8,528.5 8,997.2
Non-controlling interests 844.4 +2.2% 826.5 765.2 758.1 743.3
Hybrid capital 2,231.6 -0.1% 2,234.4 1,493.1 1,492.0 1,490.8
Investments (excl. funds withheld by ceding companies) 49,220.9 +3.3% 47,629.4 41,197.3 40,057.5 41,793.5
Total assets 71,439.8 +0.1% 71,356.4 64,508.6 61,196.8 63,594.5
Share
Earnings per share (basic and diluted) in EUR 7.32 -31.2% 10.65 8.79 7.95 9.71
Book value per share in EUR 91.17 +4.4% 87.30 72.78 70.72 74.61
Dividend 542.7 -18.2% 633.3 633.1 603.0 603.0
Dividend per share in EUR 4.503, 4 -18.2% 4.40+1.504 3.75+1.504 3.50+1.504 3.50+1.504
Share price at year-end in EUR 130.30 -24.4% 172.30 117.70 104.90 102.80
Market capitalisation at year-end 15,713.8 -24.4% 20,778.9 14,194.3 12,650.6 12,397.4
Ratios
Combined ratio
(P&C reinsurance)2		 101.6% 98.2% 96.5% 99.8% 93.7%
Large losses as percentage of
net premium earned
(P&C reinsurance)5		 11.2% 7.5% 7.9% 12.3% 7.8%
Retention 90.1% 90.0% 90.7% 90.5% 89.3%
Return on investment (excl. funds withheld by ceding companies) 3.0% 3.5% 3.2% 3.8% 3.0%
EBIT margin6 5.7% 9.4% 9.2% 8.7% 11.7%
Return on equity (after tax) 8.2% 13.3% 12.2% 10.9% 13.7%

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