The Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a gross dividend of EUR 4.25 per share for the 2014 financial year.
Hannover, 6 May 2015:
The Annual General Meeting of Hannover Re approved by a large majority the proposed resolutions that were put to a vote. Precautionary resolutions regarding contingent and authorised capital – items 7 to 12 of the agenda for the invitation to the Annual General Meeting – were not put to the vote following yesterday's decision of the Executive Board and Supervisory Board.
In his address to the meeting Chief Executive Officer Ulrich Wallin took the opportunity to look back once more on the record financial year of 2014, in which the company further improved on the previous year's performance to post net income after tax of EUR 985.6 million. The two business groups of Property & Casualty and Life & Health reinsurance as well as the investment income all played a part in this successful result.
The Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a gross dividend of EUR 4.25 per share for the 2014 financial year. The payout is composed of a dividend amounting to EUR 3.00 per share and a special dividend of EUR 1.25 per share. The special dividend is to be seen as a capital management measure in light of the fact that Hannover Re's capitalisation now exceeds its capital requirements.
The next Annual General Meeting of Hannover Re is scheduled for 10 May 2016 in Hannover.
Hannover Re is one of the world’s leading reinsurers. It transacts all lines of property & casualty and life & health reinsurance and is present worldwide with more than 3,500 staff. German business of the Hannover Re Group is written by the subsidiary E+S Rück. Established in 1966, Hannover Re is recognised as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".
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