in EUR million | 2019 | 2018 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 6,373.3 | 5,320.7 | +14.7% | 11,694.0 | +17.1% | 4,640.3 | 9,985.3 | |||||
Net premium earned | 4,610.8 | 4,745.0 | +9.2% | 9,355.8 | +12.1% | 4,346.4 | 8,345.6 | |||||
Net underwriting result1 | 75.1 | (17.6) | -114.8% | 57.5 | -73.2% | 118.5 | 214.4 | |||||
Net investment income | 398.9 | 466.7 | +32.5% | 865.6 | +16.4% | 352.1 | 743.6 | |||||
Operating profit (EBIT) | 450.0 | 492.1 | +4.0% | 942.1 | +3.8% | 473.4 | 907.3 | |||||
Group net income | 293.7 | 368.9 | +30.8% | 662.5 | +19.3% | 281.9 | 555.3 | |||||
Balance sheet | ||||||||||||
Policyholders´ surplus | 12,099.6 | 12,001.0 | +8.8% | 10,547.4 | 11,035.1 | |||||||
Equity attributable to shareholders of Hannover Rück SE | 9,851.3 | 9,732.7 | +10.9% | 8,321.7 | 8,776.8 | |||||||
Non-controlling interests | 754.8 | 774.3 | +1.2% | 732.9 | 765.2 | |||||||
Hybrid capital | 1,493.4 | 1,494.0 | +0.1% | 1,492.8 | 1,493.1 | |||||||
Investments (excl. funds withheld by ceding companies) | 44,782.7 | 44,846.2 | +6.3% | 40,891.7 | 42,197.3 | |||||||
Total assets | 67,785.2 | 67,978.7 | +5.4% | 63,950.1 | 64,508.6 | |||||||
Share | ||||||||||||
Earnings per share (basic and diluted) in EUR | 2.43 | 3.06 | +30.8% | 5.49 | +19.3% | 2.34 | 4.60 | |||||
Book value per share in EUR | 81.69 | 80.70 | +10.9% | 69.00 | 72.78 | |||||||
Share price at the end of the period in EUR | 128.00 | 142.20 | +20.8% | 106.80 | 117.70 | |||||||
Market capitalisation at the end of the period | 15,436.4 | 17,148.9 | +20.8% | 12,879.8 | 14,194.3 | |||||||
Ratios | ||||||||||||
Combined ratio (property and casualty reinsurance)1 | 95.7% | 97.7% | 96.7% | 95.6% | 95.7% | |||||||
Large losses as percentage of net premium earned (property and casualty reinsurance)2 | 2.0% | 2.7% | 2.4% | 0.7% | 1.8% | |||||||
Retention | 90.4% | 90.9% | 90.6% | 91.4% | 91.3% | |||||||
Return on investment (excl. funds withheld by ceding companies)3 | 3.0% | 3.9% | 3.5% | 2.9% | 3.1% | |||||||
EBIT margin4 | 9.8% | 10.4% | 10.1% | 10.9% | 10.9% | |||||||
Return on equity (after tax) | 12.6% | 15.1% | 14.3% | 13.5% | 13.2% | |||||||
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