Hannover, 3 May 2011:
The Ordinary General Meeting of Hannover Re today approved all proposed resolutions by a large majority.
In his address to the meeting Chief Executive Officer Ulrich Wallin took the opportunity to look back once again on the record year of 2010, in which the company posted net income after tax of EUR 748.9 million – in part thanks to positive non-recurring effects – and thus surpassed the level of the previous year (EUR 733.7 million).
The Ordinary General Meeting approved the proposal of the Executive Board and Supervisory Board regarding the appropriation of the disposable profit of the parent company Hannover Re in an amount of EUR 277 million: shareholders will receive a gross dividend of EUR 2.30 on each share fully paid up for the entire financial year – an increase of EUR 0.20 relative to the previous year. The remaining disposable profit of EUR 24.6 million is to be carried forward to new account.
In addition, the Ordinary General Meeting approved the new remuneration system for the members of Hannover Re's Supervisory Board. Geared to the sustainable development of the company, it is in conformity with current legal requirements.
The Ordinary General Meeting also elected Andrea Pollak as successor of Karl Heinz Midunsky as a new member of the Supervisory Board of the company.
The next Ordinary General Meeting is scheduled for 3 May 2012.