Key figures
Key figures
| in EUR million | 2014 | 2013 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1.1. – 30.6. | 1.7. – 30.9. | +/– previous year | 1.1. – 30.9. | +/– previous year | 1.7. – 30.9.1 | 1.1. – 30.9.1 | 31.12. | |||
| Results | ||||||||||
| Gross written premium | 7,064.9 | 3,639.6 | +9.9 % | 10,704.5 | +1.6 % | 3,311.2 | 10,537.9 | |||
| Net premium earned | 5,839.4 | 3,126.8 | +6.9 % | 8,966.1 | -1.7 % | 2,925.8 | 9,117.3 | |||
| Net underwriting result | 14.5 | (26.3) | -36.4 % | (11.8) | -51.8 % | (41.4) | (24.6) | |||
| Net investment income | 707.5 | 413.8 | +13.6 % | 1,121.3 | +6.5 % | 364.2 | 1,053.2 | |||
| Operating profit (EBIT) | 683.7 | 407.1 | +39.1 % | 1,090.8 | +10.7 % | 292.7 | 985.8 | |||
| Group net income | 444.4 | 251.0 | +21.4 % | 695.4 | +10.3 % | 206.7 | 630.2 | |||
| Balance sheet | ||||||||||
| Policyholders´ surplus | 8,563.5 | 9,635.0 | +9.9 % | 8,767.9 | ||||||
| Equity attributable to shareholders of Hannover Rück SE | 6,411.7 | 6,995.6 | +18.8 % | 5,888.4 | ||||||
| Non-controlling interests | 660.9 | 702.4 | +9.5 % | 641.6 | ||||||
| Hybrid capital | 1,490.9 | 1,937.0 | -13.4 % | 2,237.8 | ||||||
| Investments (excl. funds withheld by ceding companies) | 32,382.7 | 35,033.0 | +9.9 % | 31,875.2 | ||||||
| Total assets | 55,435.4 | 59,107.6 | +9.6 % | 53,915.5 | ||||||
| Share | ||||||||||
| Earnings per share (basic and diluted) in EUR | 3.69 | 2.08 | +21.4 % | 5.77 | +10.3 % | 1.71 | 5.23 | |||
| Book value per share in EUR | 53.17 | 58.01 | +18.8 % | 47.73 | 48.83 | |||||
| Share price at the end of the period in EUR | 65.81 | 64.02 | +2.6 % | 54.36 | 62.38 | |||||
| Market capitalisation at the end of the period | 7,936.5 | 7,720.6 | +2.6 % | 6,555.7 | 7,522.8 | |||||
| Ratios | ||||||||||
| Combined ratio (P&C reinsurance)2 | 95.0 % | 95.8 % | 95.3 % | 96.3 % | 95.0 % | |||||
| Large losses as percentage of net premium earned (P&C reinsurance)3 | 3.1 % | 7.9 % | 4.7 % | 11.1 % | 8.8 % | |||||
| Retention | 87.7 % | 85.7 % | 87.0 % | 86.4 % | 88.9 % | |||||
| Return on investment (excl. funds withheld by ceding companies)4 | 3.3 % | 3.8 % | 3.4 % | 3.4 % | 3.4 % | |||||
| EBIT margin5 | 11.7 % | 13.0 % | 12.2 % | 10.0 % | 10.8 % | |||||
| Return on equity (after tax) | 14.5 % | 15.0 % | 14.4 % | 14.6 % | 14.3 % | |||||
| 1 Adjusted pursuant to IAS 8 (cf. Section 2 of the notes) 2 Including 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 Excluding effects from ModCo derivatives and inflation swaps 5 Operating result (EBIT)/net premium earned | ||||||||||