Global Challenges Index

Sustainability index initiated by BÖAG Börsen AG, the parent company of the Hannover stock exchange.

Global Compact

The world's largest and most important initiative for responsible corporate governance.

Global Reporting Initiative (GRI)

Working together with numerous stakeholder groups, the Global Reporting Initiative develops global guidelines for the preparation of sustainability reports by companies, governments and NGOs. Its aim is to create the greatest possible level of transparency and standardisation so as to facilitate comprehensive comparability.


The excess of the cost of an acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed.


Gross items constitute the relevant sum total deriving from the acceptance of direct insurance policies or reinsurance treaties; retro items constitute the relevant sum total deriving from own reinsurance cessions. The difference is the corresponding net item (gross - retro = net, also: for own account).

Group net income

Group net income under IFRS corresponds to the profit for the year available to the shareholders of Hannover Re.