Hannover, 3 May 2012:
At today's Annual General Meeting Chief Executive Officer Ulrich Wallin took the opportunity to look back once more on the 2011 financial year. Despite substantial major loss expenditure, Hannover Re had still succeeded in generating pleasing net income of EUR 606.0 million.
The General Meeting approved the proposal of the Executive Board and Supervisory Board to distribute a gross dividend for the 2011 financial year of EUR 2.10 per share.
The General Meeting also adopted the resolution to transform the company into a European public limited company (SE). In this way Hannover Re is modernising its legal form and at the same time giving even greater expression to the company's international dimension. What is more, it will gain added flexibility in order to be able to respond to future legal or regulatory requirements.
In addition, the General Meeting elected the existing shareholder representatives as members of the company's Supervisory Board.
All other resolutions were approved by a large majority.
The next Annual General Meeting is scheduled for 7 May 2013 in Hannover.