Key figures of Hannover Re 2012-2016

Figures in EUR million 2016+/- previous year 20152014201320121

1 Adjusted pursuant to IAS 8
2 Dividend of EUR 3.50 plus EUR 1.50 bonus

3 Dividend of EUR 3.25 plus EUR 1.50 bonus
4 Dividend of EUR 3.00 plus EUR 1.25 bonus
5 Dividend of EUR 2.60 plus EUR 0.40 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 (until 31.12.2011: EUR 5 million gross)
8 Excluding effects from ModCo derivatives

9 Operating profit (EBIT)/net premium earned

Results
Gross written premium 16,353.6 -4.2% 17,068.7 14,361.8 13,963.4 13,774.2
Net premium earned 14,417.6 -1.2% 14,593.0 12,423.1 12,226.7 12,279.2
Net underwriting result 115.9 +23.6% 93.8 (23.6) (83.0) (96.9)
Net investment income 1,550.4 -6.9% 1,665.1 1,471.8 1,411.8 1,655.7
Operating profit (EBIT) 1,689.3 -3.8% 1,755.2 1,466.4 1,229.1 1,393.9
Group net income 1,171.2 +1.8% 1,150.7 985.6 895.5 849.6
Balance sheet
Policyholders' surplus 11,231.4 +9.4% 10,267.3 10,239.5 8,767.9 8,947.2
Equity attributable to shareholders of Hannover Re 8,997.2 +11.5% 8,068.3 7,550.8 5,888.4 6,032.5
Non-controlling interests 743.3 +4.8% 709.1 702.2 641.6 681.7
Hybrid capital 1,490.8 +0.1% 1,489.9 1,986.5 2,237.8 2,233.0
Investments (excl. funds held by ceding companies) 41,793.5 +6.2% 39,346.9 36,228.0 31,875.2 31,874.4
Total assets 63,528.6 +0.5% 63,214.9 60,457.6 53,915.5 54,811.7
Share
Earnings per share (undiluted and diluted) in EUR 9.71 +1.8% 9.54 8.17 7.43 7.04
Book value per share in EUR 74.61 +11.5% 66.90 62.61 48.83 50.02
Dividend 603.02 +5.3% 572.8 512.5 361.8 361.8
Dividend per share in EUR 3.50+1.502 +5.3% 3.25+1.503 3.00+1.254 3.00 2.60+0.405
Share price at year-end in EUR 102.80 -2.7% 105.65 74.97 62.38 58.96
Market capitalisation at year-end 12,397.4 -2.7% 12,741.1 9,041.2 7,522.8 7,110.4
Ratios
Combined ratio
(P&C reinsurance)6
93.7% 94.4% 94.7% 94.9% 95.8%
Major losses as percentage of
net premium earned
(P&C reinsurance)7
7.8% 7.1% 6.1% 8.4% 7.0%
Retention 89.3% 87.0% 87.6% 89.0% 89.8%
Return on investment (excl. funds held by ceding companies) 3.0% 3.5% 3.3% 3.4% 4.1%
EBIT margin8 11.7% 12.0% 11.8% 10.1% 11.4%
Return on equity (after tax) 13.7% 14.7% 14.7% 15.0% 15.4%