Annual Report 2017

Hannover Re Website | Topic Navigation |
Quick Finder
Business development Business model Cash Flow Statement Consolidated Balance Sheet Consolidated Statement of Income Financial position and net assets Forecast Remuneration report Results of operations Risk report Segmental Report
| Sitemap | Deutsch
10 year overview
Stock markets Share performance Dividend Annual General Meeting Investor relations activities Sustainability reporting and ratings Shareholding structure Analyst ratings Share data
Foundations of the Group
Business model Management system
Value-based management Operational management system
Research and development
Report on economic position
Macroeconomic climate and industry-specific environment
Macroeconomic climate Industry-specific environment
Business development
Property & Casualty reinsurance Life & Health reinsurance Investments Total result
Overall assessment of the business position Results of operations
Property & Casualty reinsurance Life & Health reinsurance Investments
Financial position and net assets
Investment policy Investments Analysis of the capital structure Management of policyholders’ surplus Group shareholders’ equity Financing and Group debt Analysis of the consolidated cash flow statement Financial strength ratings Information pursuant to § 315
Information on Hannover Rück SE
Results of operations Development of the individual lines of business Assets and financial position Risks and opportunities Other information Outlook
Group non-financial information statement
Introduction Description of the business model Group and sustainability strategy Responsible enterprise management Compliance Stakeholder dialogue Sustainable insurance solutions ESG criteria in asset management Customer orientation and satisfaction Executive development / Employee advancement Employee retention Diversity
Opportunity and risk report
Risk report
Strategy implementation Major external factors Risk capital Risk management Risk management system Internal control system Risk landscape of Hannover Re Internal risk assessment Underwriting risks in property and casualty reinsurance Underwriting risks in life and health reinsurance Market risks Counterparty default risks Operational risks Other risks
Opportunity report
Overall assessment by the Executive Board
Enterprise management
Declaration on Corporate Governance
Corporate Governance Declaration of Conformity Further enterprise management principles Working practice of the Executive Board and Supervisory Board Compliance Risk monitoring and steering
Remuneration report
Remuneration Executive Board Remuneration Supervisory Board Loans to members of the management boards and contingent liabilities Securities transactions and shareholdings Remuneration of staff and senior executives
Outlook
Forecast
Economic developments Property & Casualty reinsurance Life & Health reinsurance Investments Outlook 2018
Consolidated balance sheet Statement of income Statement of comprehensive income Statement of changes in shareholders’ equity Cash flow statement Notes Auditor's report Responsibility statement
Report of the Supervisory Board Supervisory Board Members
Global presence Strategic business groups History

Consolidated statement of income 2017

Table as Excel file: 
in EUR thousand Notes 1.1. – 31.12.2017 1.1. – 31.12.2016 1
Gross written premium 7.1 17,790,506 16,353,622
Ceded written premium 1,696,082 1,749,624
Change in gross unearned premium (437,768) (163,914)
Change in ceded unearned premium (24,986) (29,808)
Net premium earned 15,631,670 14,410,276
Ordinary investment income 7.2 1,289,033 1,161,976
Profit / loss from investments in associated companies 7.2 16,006 9,101
Realised gains and losses on investments 7.2 377,093 206,296
Change in fair value of financial instruments 7.2 38,569 26,066
Total depreciation, impairments and appreciation of investments 7.2 70,949 76,028
Other investment expenses 7.2 110,778 109,140
Net income from investments under own management 1,538,974 1,218,271
Income / expense on funds withheld and contract deposits 7.2 234,915 332,149
Net investment income 1,773,889 1,550,420
Other technical income 7.3 822 470
Total revenues 17,406,381 15,961,166
Claims and claims expenses 7.3 12,193,079 10,811,325
Change in benefit reserves 7.3 (571) 83,010
Commission and brokerage, change in deferred acquisition costs 7.3 3,499,270 2,978,642
Other acquisition costs 14,141 16,292
Other technical expenses 7.3 3,781 3,997
Administrative expenses 7.3 411,297 401,545
Total technical expenses 16,120,997 14,294,811
Other income and expenses 7.4 78,971 22,993
Operating profit / loss (EBIT) 1,364,355 1,689,348
Interest on hybrid capital 6.12 71,736 71,693
Net income before taxes 1,292,619 1,617,655
Taxes 7.5 248,042 391,229
Net income 1,044,577 1,226,426
thereof
Non-controlling interest in profit and loss 6.14 86,022 55,197
Group net income 958,555 1,171,229
Earnings per share (in EUR) 8.5
Basic earnings per share 7.95 9.71
Diluted earnings per share 7.95 9.71
  • 1 Restated pursuant to IAS 8 (cf. section 3.1 of the notes)
Download
Save page My Annual Report (0) Consolidated financial statements

Topic Navigation and sitemap

Build your tailor-made report with the topic navigation feature. By selecting the topics of your interest & choice, all relevant pages will be listed below. From there you can directly jump to the corresponding page.
By clicking the "send" button you can save the topics of your choice and consequently navigate through the report within your selection. Not relevant contents will be marked as inactive in the first navigation level and hidden in the lower navigation levels. To change or remove your selection and return to the entire report, please click on "remove selection".