Key figures of Hannover Re 2014-2018

Figures in EUR million 2018+/- previous year 20172016120152014

1 Adjusted pursuant to IAS 8
2 Dividend of EUR 3.75 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 19,176.4 +7.8% 17,790.5 16,353.6 17,068.7 14,361.8
Net premium earned 17,289.1 +10.6% 15,631.7 14,410.3 14,593.0 12,423.1
Net underwriting result (51.1) - (488.5) 115.9 93.8 (23.6)
Net investment income 1,530.0 -13.7% 1,773.9 1,550.4 1,665.1 1,471.8
Operating profit (EBIT) 1,596.6 +17.0% 1,364.4 1,689.3 1,755.2 1,466.4
Group net income 1,059.5 +10.5% 958.6 1,171.2 1,150.7 985.6
Balance sheet
Policyholders' surplus 11,035.1 +2.4% 10,778.5 11,231.4 10,267.3 10,239.5
Equity attributable to shareholders of Hannover Re 8,776.8 +2.9% 8,528.5 8,997.2 8,068.3 7,550.8
Non-controlling interests 765.2 +0.9% 758.1 743.3 709.1 702.2
Hybrid capital 1,493.1 +0.1% 1,492.0 1,490.8 1,489.9 1,986.5
Investments (excl. funds held by ceding companies) 42,197.3 +5.3% 40,057.5 41,793.5 39,346.9 36,228.0
Total assets 64,508.6 +5.4% 61,196.8 63,594.5 63,214.9 60,457.6
Share
Earnings per share (undiluted and diluted) in EUR 8.79 +10.5% 7.95 9.71 9.54 8.17
Book value per share in EUR 72.78 +2.9% 70.72 74.61 66.90 62.61
Dividend 633.12 - 603.0 603.0 572.8 512.5
Dividend per share in EUR 3.75+1.502 - 3.50+1.503 3.50+1.503 3.25+1.504 3.00+1.255
Share price at year-end in EUR 117.70 +12.2% 104.90 102.80 105.65 74.97
Market capitalisation at year-end 14,194.3 +12.2% 12,650.6 12,397.4 12,741.1 9,041.2
Ratios
Combined ratio
(P&C reinsurance)6
96.5% 99.8% 93.7% 94.4% 94.7%
Major losses as percentage of
net premium earned
(P&C reinsurance)7
7.9% 12.3% 7.8% 7.1% 6.1%
Retention 90.7% 90.5% 89.3% 87.0% 87.6%
Return on investment (excl. funds held by ceding companies)8 3.2% 3.8% 3.0% 3.5% 4.1%
EBIT margin9 9.2% 8.7% 11.7% 12.0% 11.8%
Return on equity (after tax) 12.2% 10.9% 13.7% 14.7% 14.7%