Key figures
in EUR million | 2013 | 20121 | ||||||
---|---|---|---|---|---|---|---|---|
1.1.– 31.3. | 1.4.– 30.6. | +/- previous year | 1.1.- 30.6. | +/- previous year | 1.4.– 30.6. | 1.1.– 30.6. | 31.12. | |
Results | ||||||||
Gross written premium | 3,757.9 | 3,468.8 | +2.7% | 7,226.7 | +4.9% | 3,377.9 | 6,888.4 | |
Net premium earned | 3,080.9 | 3,110.7 | +3.4% | 6,191.5 | +6.3% | 3,008.6 | 5,824.8 | |
Net underwriting result | 17.4 | (22.9) | +68.8% | (5.5) | (13.6) | (13.2) | ||
Net investment income | 354.7 | 334.3 | +24.3% | 689.0 | -2.9% | 268.8 | 709.5 | |
Operating profit (EBIT) | 352.5 | 318.1 | +55.9% | 670.7 | +12.3% | 204.0 | 597.2 | |
Group net income | 221.4 | 186.3 | +29.4% | 407.7 | +0.6% | 144.0 | 405.3 | |
Balance sheet | ||||||||
Policyholders’ surplus | 9,165.1 | 8,467.5 | -5.4% | 7,817.8 | 8,947.2 | |||
Equity attributable to shareholders of Hannover Re | 6,293.1 | 5,595.4 | -7.2% | 5,458.4 | 6,032.5 | |||
Non-controlling interests | 637.6 | 636.5 | -6.6% | 625.3 | 681.7 | |||
Hybrid capital | 2,234.4 | 2,235.6 | +0.1% | 1,734.0 | 2,233.0 | |||
Investments (excl. funds withheld by ceding companies) | 32,531.7 | 31,609.8 | -0.8% | 30,281.9 | 31,874.4 | |||
Total assets | 56,381.0 | 55,157.1 | +0.6% | 53,412.1 | 54,811.7 | |||
Share | ||||||||
Earnings per share (basic and diluted) in EUR | 1.84 | 1.54 | +29.4% | 3.38 | +0.6% | 1.19 | 3.36 | |
Book value per share in EUR | 52.18 | 46.40 | -7.2% | 45.26 | 50.02 | |||
Share price at the end of the period in EUR | 61.19 | 55.32 | -6.2% | 46.89 | 58.96 | |||
Market capitalisation at the end of the period | 7,379.3 | 6,671.4 | -6.2% | 5,654.8 | 7,110.4 | |||
Ratios | ||||||||
Combined ratio (non-life reinsurance)2 | 94.0% | 94.8% | 94.4% | 96.8% | 96.8% | |||
Major losses as percentage of net premium earned (non-life reinsurance)3 | 0.8% | 14.4% | 7.6% | 4.1% | 4.0% | |||
Retention | 89.9% | 90.1% | 90.0% | 88.5% | 89.8% | |||
Return on investment (excl. funds withheld by ceding companies) | 3.2% | 3.0% | 3.2% | 2.6% | 3.8% | |||
EBIT margin4 | 11.4% | 10.2% | 10.8% | 6.8% | 10.3% | |||
Return on equity | 14.4% | 12.5% | 14.0% | 10.7% | 15.5% | |||
1 Adjusted on the basis of IAS 8 2 Incl. funds withheld 3 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 4 Operating result (EBIT)/net premium earned |