Key figures of Hannover Re 2013-2017

Figures in EUR million 2017+/- previous year 20161201520142013

1 Adjusted pursuant to IAS 8
2 Dividend of EUR 3.50 plus EUR 1.50 bonus
3 Dividend of EUR 3.50 plus EUR 1.50 bonus
4 Dividend of EUR 3.25 plus EUR 1.50 bonus
5 Dividend of EUR 3.00 plus EUR 1.25 bonus
6 Incl. funds withheld
7 Natural catastrophes and other major losses in excess of EUR 5 million gross for the Hannover Re Group's share as percent of net premium earned
8 Excluding effects from ModCo derivatives

9 Operating profit (EBIT)/net premium earned

Results
Gross written premium 17,790.5 +8.8% 16,353.6 17,068.7 14,361.8 13,963.4
Net premium earned 15,631.7 +8.5% 14,410.3 14,593.0 12,423.1 12,226.7
Net underwriting result (488.5) - 115.9 93.8 (23.6) (83.0)
Net investment income 1,773.9 +14.4% 1,550.4 1,665.1 1,471.8 1,411.8
Operating profit (EBIT) 1,364.4 -19.2% 1,689.3 1,755.2 1,466.4 1,229.1
Group net income 958.6 -18.2% 1,171.2 1,150.7 985.6 895.5
Balance sheet
Policyholders' surplus 10,778.5 -4.0% 11,231.4 10,267.3 10,239.5 8,767.9
Equity attributable to shareholders of Hannover Re 8,528.5 -5.2% 8,997.2 8,068.3 7,550.8 5,888.4
Non-controlling interests 758.1 +2.0% 743.3 709.1 702.2 641.6
Hybrid capital 1,492.0 +0.1% 1,490.8 1,489.9 1,986.5 2,237.8
Investments (excl. funds held by ceding companies) 40,057.5 -4.2% 41,793.5 39,346.9 36,228.0 31,875.2
Total assets 61,196.8 -3.8% 63,594.5 63,214.9 60,457.6 53,915.5
Share
Earnings per share (undiluted and diluted) in EUR 7.95 -18.2% 9.71 9.54 8.17 7.43
Book value per share in EUR 70.72 -5.2% 74.61 66.90 62.61 48.83
Dividend 603.02 - 603.0 572.8 512.5 361.8
Dividend per share in EUR 3.50+1.502 - 3.50+1.503 3.25+1.504 3.00+1.255 3.00
Share price at year-end in EUR 104.90 +2.0% 102.80 105.65 74.97 62.38
Market capitalisation at year-end 12,650.6 +2.0% 12,397.4 12,741.1 9,041.2 7,522.8
Ratios
Combined ratio
(P&C reinsurance)6
99.8% 93.7% 94.4% 94.7% 94.9%
Major losses as percentage of
net premium earned
(P&C reinsurance)7
12.3% 7.8% 7.1% 6.1% 8.4%
Retention 90.5% 89.3% 87.0% 87.6% 89.0%
Return on investment (excl. funds held by ceding companies)8 3.8% 3.0% 3.5% 3.3% 4.1%
EBIT margin9 8.7% 11.7% 12.0% 11.8% 10.1%
Return on equity (after tax) 10.9% 13.7% 14.7% 14.7% 15.0%