Key figures of Hannover Re 2017-2021

Figures in EUR million 2021+/- previous year 20201201920182017

1 Restated pursuant to IAS 8
2 Including interest on funds withheld and contract deposits
3 Proposed dividend
4 Dividend of EUR 4.50 plus special dividend of EUR 1.25 for 2021, 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 and dividend of EUR 3.50 plus special dividend of EUR 1.50 for 2017
5 Hannover Re Group's net share for natural catastrophes and other major losses in excess of EUR 10 million gross as a percentage of net premium earned

6 Operating result (EBIT)/net premium earned

Results
Gross written premium 27,762.3 +12.1% 24,765.5 22,597.6 19,176.4 17,790.5
Net premium earned 24,143.7 +13.0% 21.360,8 19.729,7 17.289,1 15,631.7
Net underwriting result2 (211.1) (691.0) (9.7) 156.9 (253.6)
Net investment income 1,943.0 +15.3% 1,685.5 1.757,1 1,530.0 1,773.9
Operating profit (EBIT) 1,734.8 +42.9% 1,214.1 1,853.2 1,596.6 1,364.4
Group net income 1,231.3 +39.4% 883.1 1,284.2 1,059.5 958.6
Balance sheet
Policyholders' surplus 15,733.6 +11.8% 14,071.0 13,588.9 11,035.1 10,778.5
Equity attributable to shareholders of Hannover Rück SE 11,885.0 +8.1% 10,995.0 10,528.0 8,776.8 8,528.5
Non-controlling interests 871.2 +3.2% 844.4 826.5 765.2 758.1
Hybrid capital 2,977.4 +33.4% 2,231.6 2,234.4 1,493.1 1,492.0
Investments (excl. funds withheld by ceding companies) 56,213.2 +14.7% 49,220.9 47,629.4 42,197.3 40,057.5
Total assets 82,902.3 +16.0% 71,439.8 71,356.4 64,508.6 61,196.8
Share
Earnings per share (basic and diluted) in EUR 10,21 +39.5% 7.32 10.65 8.79 7.95
Book value per share in EUR 98,55 +8.1% 91.17 87.30 72.78 70.72
Dividend 693,4 +27.8% 542.7 633.3 633.1 603.0
Dividend per share in EUR 4.50 + 1.2534 -18.2% 4.504 4.40+1.504 3.75+1.504 3.50+1.504
Share price at year-end in EUR 167,15 +28.3% 130.30 172.30 117.70 104.90
Market capitalisation at year-end 20.157,8 +28.3% 15,713.8 20,778.9 14,194.3 12,650.6
Ratios
Combined ratio
(P&C reinsurance)2
97.7 % 101.6% 98.2% 96.5% 99.8%
Large losses as percentage of
net premium earned
(P&C reinsurance)4
7.5% 11.2% 7.5% 7.9% 12.3%
Retention 89.5% 90.1% 90.0% 90.7% 90.5%
Return on investment (excl. funds withheld by ceding companies) 3.2% 3.0% 3.5% 3.2% 3.8%
EBIT margin5 7.2% 5.7% 9.4% 9.2% 8.7%
Return on equity (after tax) 10.8% 8.2% 13.3% 12.2% 10.9%