Annual Report
An overview
Gross premium | E 01 |
in EUR million
30,000 | 27,762.3 | |||||||||
25,000 | 22,597.6 | 24,770.3 | ||||||||
19,176.4 | ||||||||||
20,000 | 17,068.7 | 17,790.5 | ||||||||
16,353.6 | ||||||||||
13,774.2 | 13,963.4 | 14,361.8 | ||||||||
15,000 | ||||||||||
10,000 | ||||||||||
5,000 | ||||||||||
0 | ||||||||||
2012 1 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 1 | 2021 |
Group net income | E 02 |
in EUR million
1,500 | 1,150.7 | 1,171.2 | 1,059.5 | 1,284.2 | 1,231.3 | |||||
985.6 | 958.6 | |||||||||
849.6 | 883.1 | |||||||||
1,000 | 895.5 | |||||||||
500 | ||||||||||
0 | ||||||||||
2012 1 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Policyholders' surplus | E 03 |
in EUR million
15,000 | 13,588.9 | 14,071.0 | 15,733.6 | |||||||
10,239.5 | 10,267.3 | 11,231.4 | 10,778.5 | 11,035.1 | ||||||
10,000 | 8,947.2 | 8,767.9 | ||||||||
5,000 | ||||||||||
0 | ||||||||||
2012 1 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Book value per share | E 04 |
in EUR
100 | 91.17 | 98.55 | ||||||||
87.30 | ||||||||||
80 | 62.61 | 66.90 | 74.61 | 70.72 | 72.78 | |||||
60 | 50.22 | 48.83 | ||||||||
40 | ||||||||||
20 | ||||||||||
0 | ||||||||||
2012 1 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
Dividend | E 05 |
in EUR
6 | 5.00 | 5.00 | 5.25 | 5.50 | 5.75 2 | |||||||
Special dividend | 4.75 | |||||||||||
5 | 4.50 | |||||||||||
4.25 | ||||||||||||
Dividend | 1.25 | |||||||||||
4 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | |||||||
3.00 | 3.00 | 1.25 | ||||||||||
3 | ||||||||||||
0.40 | ||||||||||||
4.50 | ||||||||||||
2 | 3.50 | 3.50 | 3.75 | 4.00 | 4.50 | |||||||
3.00 | 3.25 | |||||||||||
2.60 | ||||||||||||
1 | ||||||||||||
0 | ||||||||||||
2012 1 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
- Restated pursuant to IAS 8
- Proposed dividend
Hannover Rück | Geschäftsbericht 2020
Key figures | E 06 | |||||||||||
2021 | + / - | 2020 1 | 2019 | 2018 | 2017 | |||||||
previous | ||||||||||||
in EUR million | year | |||||||||||
Results | ||||||||||||
Gross written premium | 27,762.3 | +12.1% | 24,770.3 | 22,597.6 | 19,176.4 | 17,790.5 | ||||||
Net premium earned | 24,143.7 | +13.0% | 21,360.8 | 19,729.7 | 17,289.1 | 15,631.7 | ||||||
Net underwriting result 2 | (211.1) | (691.0) | (9.7) | 156.9 | (253.6) | |||||||
Net investment income | 1,943.0 | +15.3% | 1,685.5 | 1,757.1 | 1,530.0 | 1,773.9 | ||||||
Operating profit (EBIT) | 1,734.8 | +42.9% | 1,214.1 | 1,853.2 | 1,596.6 | 1,364.4 | ||||||
Group net income | 1,231.3 | +39.4% | 883.1 | 1,284.2 | 1,059.5 | 958.6 | ||||||
Balance sheet | ||||||||||||
Policyholders' surplus | 15,733.6 | +11.8% | 14,071.0 | 13,588.9 | 11,035.1 | 10,778.5 | ||||||
Equity attributable to | ||||||||||||
shareholders of Hannover | ||||||||||||
Rück SE | 11,885.0 | +8.1% | 10,995.0 | 10,528.0 | 8,776.8 | 8,528.5 | ||||||
Non-controlling interests | 871.2 | +3.2% | 844.4 | 826.5 | 765.2 | 758.1 | ||||||
Hybrid capital | 2,977.4 | +33.4% | 2,231.6 | 2,234.4 | 1,493.1 | 1,492.0 | ||||||
Investments (excl. funds | ||||||||||||
withheld by ceding companies) | 56,213.2 | +14.7% | 49,001.6 | 47,629.4 | 42,197.3 | 40,057.5 | ||||||
Total assets | 82,902.3 | +16.0% | 71,437.5 | 71,356.4 | 64,508.6 | 61,196.8 | ||||||
Share | ||||||||||||
Earnings per share | ||||||||||||
(basic and diluted) in EUR | 10.21 | +39.4% | 7.32 | 10.65 | 8.79 | 7.95 | ||||||
Book value per share in EUR | 98.55 | +8.1% | 91.17 | 87.30 | 72.78 | 70.72 | ||||||
Dividend | 693.4 | +27.8% | 542.7 | 663.3 | 633.1 | 603.0 | ||||||
Dividend per share in EUR | 4.50 + 1.25 3, 4 | +27.8% | 4.50 4 | 4.00 + 1.50 4 | 3.75 + 1.50 4 | 3.50 + 1.50 4 | ||||||
Share price at year-end in EUR | 167.15 | +28.3% | 130.30 | 172.30 | 117.70 | 104.90 | ||||||
Market capitalisation at | ||||||||||||
year-end | 20,157.8 | +28.3% | 15,713.8 | 20,778.9 | 14,194.3 | 12,650.6 | ||||||
Ratios | ||||||||||||
Combined ratio (property and | ||||||||||||
casualty reinsurance) 2 | 97.7% | 101.6% | 98.2% | 96.5% | 99.8% | |||||||
Large losses as percentage of | ||||||||||||
net premium earned (property | ||||||||||||
and casualty reinsurance) 5 | 7.5% | 11.2% | 7.5% | 7.9% | 12.3% | |||||||
Retention | 89.5% | 90.1% | 90.0% | 90.7% | 90.5% | |||||||
Return on investment | ||||||||||||
(excl. funds withheld by | ||||||||||||
ceding companies) | 3.2% | 3.0% | 3.5% | 3.2% | 3.8% | |||||||
EBIT margin 6 | 7.2% | 5.7% | 9.4% | 9.2% | 8.7% | |||||||
Return on equity (after tax) | 10.8% | 8.2% | 13.3% | 12.2% | 10.9% | |||||||
- Restated pursuant to IAS 8
- Including interest on funds withheld and contract deposits
- Proposed dividend
-
Dividend of EUR 4.50 plus special dividend of EUR 1.25 for 2021, Dividend of EUR 4.50 for 2020, dividend of EUR 4.00 plus
special dividend of EUR 1.50 for 2019, dividend of EUR 3.75 plus special dividend of EUR 1.50 for 2018 and dividend of EUR 3.50 plus special dividend of EUR 1.50 for 2017 - Hannover Re Group's net share for natural catastrophes and other major losses in excess of EUR 10 million gross as a percentage of net premium earned
- Operating result (EBIT) / net premium earned
The Group worldwide | E 07 |
A complete list of our shareholdings is provided on page 190 et seq. of the notes. The addresses of the Hannover Re Group's branch offices and subsidiaries abroad are to be found in the section "Further information" on page 285 et seq.
Strategic business groups | E 08 |
Hannover Re Group
Property & Casualty reinsurance | Life & Health reinsurance | |
Regional Markets | Financial Solutions |
- EMEA (including CIS)
• | Americas | Risk Solutions | |
• | APAC | • | Longevity |
Worldwide Markets | • | Mortality | |
• | Morbidity | ||
• | Structured Reinsurance and | ||
Insurance-Linked Securities
- Facultative Reinsurance
- Credit, Surety and Political Risks
- Aviation and Marine
- Agricultural Risks
Hannover Rück | Geschäftsbericht 2019
Growth through innovation
Within just 50 years Hannover Re has grown into a global company that tackles risk and opportunity with equal success. We intend to write the next chapter of our success story as a reinsurer - with a partnership-based approach, a power of innovation that spans the world and the extensive decision-making powers entrusted to our experts.
Somewhat different.
Contents
- For our investors
- Letter from the Chairman of
the Executive Board
18 Executive Board of
Hannover Rück SE
20 The Hannover Re share
- Combined management report
- Foundations of the Group
- Report on economic position
- Combined non-financial information statement
- Opportunity and risk report
- Enterprise management
- Outlook
- Consolidated financial statements
- Consolidated balance sheet as at 31 December 2021
- Consolidated statement of income 2021
- Consolidated statement of comprehensive income 2021
- Consolidated statement of changes in shareholders'
equity 2021
170 Consolidated cash flow statement 2021
173 Notes to the consolidated financial statements 2021
- Independent Auditor's Report
- Responsibility statement
- Supervisory Board
278 Report of the Supervisory Board
-
Supervisory Board of
Hannover Rück SE - Further information
- Branch offices and subsidiaries of the Hannover Re Group abroad
288 Glossary
- List of graphs, tables and charts
- Contact information
- Financial calendar
- Imprint
Hannover Re | Annual Report 2021 | 1 |
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Hannover Rück SE published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 06:42:04 UTC.