Consolidated financial statements
Consolidated balance sheet as at
30 September 2013
Assets | ||
in EUR thousand | 30.9.2013 | 31.12.20121 |
---|---|---|
Fixed-income securities – held to maturity | 2,722,328 | 3,605,956 |
Fixed-income securities – loans and receivables | 3,269,105 | 3,415,187 |
Fixed-income securities – available for sale | 22,338,853 | 21,782,072 |
Fixed-income securities – at fair value through profit or loss | 42,097 | 147,413 |
Equity securities – available for sale | 30,501 | 29,246 |
Other financial assets – at fair value through profit or loss | 66,146 | 60,835 |
Real estate and real estate funds | 976,733 | 647,961 |
Investments in associated companies | 140,190 | 133,017 |
Other invested assets | 1,021,023 | 970,798 |
Short-term investments | 629,824 | 509,718 |
Cash | 587,588 | 572,188 |
Total investments and cash under own management | 31,824,388 | 31,874,391 |
Funds withheld | 14,652,894 | 14,627,847 |
Contract deposits | 79,244 | 123,258 |
Total investments | 46,556,526 | 46,625,496 |
Reinsurance recoverables on unpaid claims | 1,504,167 | 1,538,215 |
Reinsurance recoverables on benefit reserve | 514,412 | 507,257 |
Prepaid reinsurance premium | 183,910 | 138,373 |
Reinsurance recoverables on other technical reserves | 5,612 | 2,611 |
Deferred acquisition costs | 1,726,618 | 1,841,279 |
Accounts receivable | 3,159,494 | 3,065,664 |
Goodwill | 57,410 | 59,099 |
Deferred tax assets | 583,068 | 620,456 |
Other assets | 558,832 | 402,655 |
Accrued interest and rent | 5,064 | 4,238 |
Assets held for sale | 11,226 | 6,333 |
Total assets | 54,866,339 | 54,811,676 |
1 Adjusted on the basis of IAS 8 (cf. Section 2 of the Notes) |
Liabilities in EUR thousand |
30.9.2013 | 31.12.20121 |
---|---|---|
Loss and loss adjustment expense reserve | 22,002,385 | 21,610,698 |
Benefit reserve | 10,690,490 | 10,974,570 |
Unearned premium reserve | 2,548,567 | 2,339,809 |
Other technical provisions | 266,212 | 214,219 |
Funds withheld | 859,887 | 821,060 |
Contract deposits | 5,851,166 | 5,797,884 |
Reinsurance payable | 1,062,739 | 1,121,409 |
Provisions for pensions | 124,435 | 126,156 |
Taxes | 165,446 | 237,552 |
Deferred tax liabilities | 1,890,694 | 1,960,073 |
Other liabilities | 559,800 | 493,311 |
Long-term debt and subordinated capital | 2,451,184 | 2,400,791 |
Total liabilities | 48,473,005 | 48,097,532 |
Shareholders’ equity | ||
Common shares | 120,597 | 120,597 |
Nominal value: 120,597 Conditional capital: 60,299 |
||
Additional paid-in capital | 724,562 | 724,562 |
Common shares and additional paid-in capital | 845,159 | 845,159 |
Cumulative other comprehensive income | ||
Unrealised gains and losses on investments | 588,332 | 987,918 |
Cumulative foreign currency translation adjustment | (165,373) | (16,225) |
Changes from hedging instruments | (9,455) | (9,455) |
Other changes in cumulative other comprehensive income | (28,918) | (51,628) |
Total other comprehensive income | 384,586 | 910,610 |
Retained earnings | 4,526,751 | 4,276,703 |
Equity attributable to shareholders of Hannover Rück SE | 5,756,496 | 6,032,472 |
Non-controlling interests | 636,838 | 681,672 |
Total shareholders’ equity | 6,393,334 | 6,714,144 |
Total liabilities | 54,866,339 | 54,811,676 |
1 Adjusted on the basis of IAS 8 (cf. Section 2 of the Notes) |