Key figures of the Hannover Re Group (IFRS basis)

in EUR million Q1/2015 +/- previous yearQ1/20142014

1 Operating profit (EBIT)/net premium earned
2 including funds withheld

Hannover Re Group
Gross written premium 4,400.2 +21.4% 3,624.4  
Net premium earned 3,431.9 +17.8% 2,912.7  
Net underwriting result (6.2) 2.5  
Net investment income 415.7 +15.1% 361.2  
Operating profit (EBIT) 429.0 +22.7% 349.6  
Group net income 279.7 +20.1% 233.0  
Earnings per share in EUR 2.32 +20.1% 1.93  
Retention 88.6% 88.4%  
Tax ratio 31.1% 19.4%  
EBIT margin1 12.5% 12.0%  
Return on equity 13.9% 15.3%  
Policyholders' surplus 11,185.9 +9.2% 10,239.5
Investments (excluding funds held with ceding companies) 39,683.8 +9.5% 36,228.0 
Total assets 67,158.2 +11.1%  60,457.6
Book value per share in EUR 70.68 +12.9%  62.61
Property & Casualty
Gross written premium 2,617.1 +24.2% 2,107.8  
Net premium earned 1,882.3 +15.4% 1,631.7  
Net underwriting result 76.8 -12.5% 87.6  
Operating profit (EBIT) 255.2 -9.0% 280.5  
Group net income 171.4 -13.4% 197.9  
Retention 88.9% 91.2%  
Combined Ratio2 95.7% 94.4%  
EBIT margin1 13.6% 17.2%  
Life & Health
Gross written premium 1,783.3 +17.6% 1,516.7  
Net premium earned 1,549.5 +21.0% 1,281.0  
Operating profit (EBIT) 173.3 +164.4% 65.6  
Group net income 127.5 +193.9% 43.4  
Retention 88.1% 84.5%  
EBIT margin1 11.2% 5.1%