Consolidated financial statements
Consolidated balance sheet as at 30 June 2013
Assets | ||
in EUR thousand | 30.6.2013 | 31.12.20121 |
---|---|---|
Fixed-income securities – held to maturity | 3,033,550 | 3,605,956 |
Fixed-income securities – loans and receivables | 3,373,156 | 3,415,187 |
Fixed-income securities – available for sale | 21,876,114 | 21,782,072 |
Fixed-income securities – at fair value through profit or loss | 41,961 | 147,413 |
Equity securities – available for sale | 30,247 | 29,246 |
Other financial assets – at fair value through profit or loss | 56,542 | 60,835 |
Real estate and real estate funds | 923,217 | 647,961 |
Investments in associated companies | 134,885 | 133,017 |
Other invested assets | 1,019,884 | 970,798 |
Short-term investments | 612,759 | 509,718 |
Cash | 507,535 | 572,188 |
Total investments and cash under own management | 31,609,850 | 31,874,391 |
Funds withheld | 14,752,876 | 14,627,847 |
Contract deposits | 85,249 | 123,258 |
Total investments | 46,447,975 | 46,625,496 |
Reinsurance recoverables on unpaid claims | 1,472,353 | 1,538,215 |
Reinsurance recoverables on benefit reserve | 519,476 | 507,257 |
Prepaid reinsurance premium | 170,674 | 138,373 |
Reinsurance recoverables on other technical reserves | 2,046 | 2,611 |
Deferred acquisition costs | 1,778,479 | 1,841,279 |
Accounts receivable | 3,443,343 | 3,065,664 |
Goodwill | 57,291 | 59,099 |
Deferred tax assets | 764,657 | 620,456 |
Other assets | 495,876 | 402,655 |
Accrued interest and rent | 4,925 | 4,238 |
Assets held for sale | – | 6,333 |
Total assets | 55,157,095 | 54,811,676 |
1 Adjusted on the basis of IAS 8 (cf. Section 2 of the Notes) |
Liabilities in EUR thousand |
30.6.2013 | 31.12.20121 |
---|---|---|
Loss and loss adjustment expense reserve | 22,103,460 | 21,610,698 |
Benefit reserve | 10,796,659 | 10,974,570 |
Unearned premium reserve | 2,639,111 | 2,339,809 |
Other technical provisions | 270,312 | 214,219 |
Funds withheld | 851,872 | 821,060 |
Contract deposits | 5,987,389 | 5,797,884 |
Reinsurance payable | 969,149 | 1,121,409 |
Provisions for pensions | 126,240 | 126,156 |
Taxes | 165,818 | 237,552 |
Deferred tax liabilities | 2,015,260 | 1,960,073 |
Other liabilities | 544,565 | 493,311 |
Long-term debt and subordinated capital | 2,455,393 | 2,400,791 |
Total liabilities | 48,925,228 | 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 | 573,975 | 987,918 |
Cumulative foreign currency translation adjustment | (102,745) | (16,225) |
Changes from hedging instruments | (9,455) | (9,455) |
Other changes in cumulative other comprehensive income | (32,787) | (51,628) |
Total other comprehensive income | 428,988 | 910,610 |
Retained earnings | 4,321,248 | 4,276,703 |
Equity attributable to shareholders of Hannover Rück SE | 5,595,395 | 6,032,472 |
Non-controlling interests | 636,472 | 681,672 |
Total shareholders’ equity | 6,231,867 | 6,714,144 |
Total liabilities | 55,157,095 | 54,811,676 |
1 Adjusted on the basis of IAS 8 (cf. Section 2 of the Notes) |