Consolidated financial statements
Consolidated balance sheet as at 31 March 2013
Assets
in EUR thousand |
31.3.2013 | 31.12.20121 |
---|---|---|
1 Adjusted on the basis of IAS 8 (cf. Section 2 of the Notes) | ||
Fixed-income securities – held to maturity |
3,350,612 | 3,605,956 |
Fixed-income securities – loans and receivables |
3,431,859 | 3,415,187 |
Fixed-income securities – available for sale |
22,388,225 | 21,782,072 |
Fixed-income securities – at fair value through profit or loss |
92,228 | 147,413 |
Equity securities – available for sale |
29,359 | 29,246 |
Other financial assets – at fair value through profit or loss |
64,855 | 60,835 |
Real estate and real estate funds | 839,888 | 647,961 |
Investments in associated companies | 131,910 | 133,017 |
Other invested assets | 1,029,359 | 970,798 |
Short-term investments | 558,137 | 509,718 |
Cash | 615,307 | 572,188 |
Total investments and cash under own management | 32,531,739 | 31,874,391 |
Funds withheld | 14,701,897 | 14,627,847 |
Contract deposits | 105,584 | 123,258 |
Total investments | 47,339,220 | 46,625,496 |
Reinsurance recoverables on unpaid claims | 1,507,868 | 1,538,215 |
Reinsurance recoverables on benefit reserve | 511,859 | 507,257 |
Prepaid reinsurance premium | 183,254 | 138,373 |
Reinsurance recoverables on other technical reserves | 1,906 | 2,611 |
Deferred acquisition costs | 1,867,630 | 1,841,279 |
Accounts receivable | 3,783,345 | 3,065,664 |
Goodwill | 58,213 | 59,099 |
Deferred tax assets | 616,986 | 620,456 |
Other assets | 506,191 | 402,655 |
Accrued interest and rent | 4,559 | 4,238 |
Assets held for sale | - | 6,333 |
Total assets | 56,381,031 | 54,811,676 |
Liabilities in EUR thousand |
31.3.2013 | 31.12.20121 |
---|---|---|
1 Adjusted on the basis of IAS 8 (cf. Section 2 of the Notes) | ||
Loss and loss adjustment expense reserve | 22,520,231 | 21,610,698 |
Benefit reserve | 10,972,770 | 10,974,570 |
Unearned premium reserve | 2,698,363 | 2,339,809 |
Other technical provisions | 227,547 | 214,219 |
Funds withheld | 815,517 | 821,060 |
Contract deposits | 5,919,158 | 5,797,884 |
Reinsurance payable | 902,640 | 1,121,409 |
Provisions for pensions | 127,481 | 126,156 |
Taxes | 243,054 | 237,552 |
Deferred tax liabilities | 2,005,457 | 1,960,073 |
Other liabilities | 611,232 | 493,311 |
Long-term debt and subordinated capital | 2,406,868 | 2,400,791 |
Total liabilities | 49,450,318 | 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 | 972,449 | 987,918 |
Cumulative foreign currency translation adjustment | 29,246 | (16,225) |
Changes from hedging instruments | (9,455) | (9,455) |
Other changes in cumulative other comprehensive income | (42,374) | (51,628) |
Total other comprehensive income | 949,866 | 910,610 |
Retained earnings | 4,498,084 | 4,276,703 |
Equity attributable to shareholders of Hannover Rück SE | 6,293,109 | 6,032,472 |
Non-controlling interests | 637,604 | 681,672 |
Total shareholders’ equity | 6,930,713 | 6,714,144 |
Total liabilities | 56,381,031 | 54,811,676 |