R+V Versicherung AG Annual Report

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Dr. Jürgen Förterer Chairman Wolfgang Kernbach (until December 31, 2002) Hans-Christian Marschler Bernhard Meyer Dr. Manfred Mücke Rainer Neumann Rainer Sauerwein Hans-Dieter Schnorrenberg Peter Weiler (as of September 1, 2002) Dr. Bernhard Zloch (until August 31, 2002) General representative of the Board of Management Dr. Christoph Bark, Lawyer Dr. Christoph Lamby (as of September 1, 2002) 52 Board of Management
Commission and other remuneration for insurance agents, personnel expenses 2002 € 1. Wages and salaries 15,192,173 2. Social security costs 2,021,619 3. Pension costs 1,760,316 4. Total expenses 18,974,108 Total remuneration of the members of the Board of Management in the fiscal year amounted to €1,639,545. Former members of the Board of Management and their surviving dependents received a total of €442,912. The provision for current pensions and pension entitlements for former members of the Board of Management and their surviving dependents amounts to €4,221,588. Expenses for the Supervisory Board amounted to €271,209 in the fiscal year. No amounts subject to disclosure in accordance with section 285 no. 9 c HGB were paid in the fiscal year. Number of employees In fiscal 2002, R+V Versicherung AG employed an average of 230 people (2001: 221), of whom 221 were employed in Germany and 9 at the Singapore branch office. Contingent liabilities and other financial obligations Liabilities due to shares in cooperatives amount to €5,000. There are no further contingent liabilities within the meaning of section 251 HGB. Additional payment obligations Additional payment obligations exist in the amount of €7,669,378 in relation to shares in affiliated companies and in the amount of €11,888 in relation to shares in German insurance companies. Consolidated financial statements R+V Versicherung AG produces subgroup financial statements in accordance with the provisions of sections 290 ff HGB. These are filed with the Wiesbaden commercial register under HRB 7934. The subgroup financial statements of R+V Versicherung AG have been included in the higher-ranking consolidated financial statements of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main. These are filed with the Frankfurt am Main commercial register under HRB 45651. Wiesbaden, April 8, 2003 The Board of Management Dr. Förterer Marschler Meyer Dr. Mücke Neumann Sauerwein Schnorrenberg Weiler 53
Page 1 and 2: 2002 R+V Versicherung AG Annual Rep
Page 3 and 4: Content Management Report 4 Proposa
Page 5 and 6: However, the significant increase i
Page 7 and 8: Developments on the international r
Page 9 and 10: However, the events of September 11
Page 11 and 12: As a result of the relatively poor
Page 13 and 14: Business development and position o
Page 15 and 16: Liability business developed negati
Page 17 and 18: Including interest on deposits and
Page 19 and 20: In terms of sums insured, the portf
Page 21 and 22: Overall, gross premium income decli
Page 23 and 24: Major claim events such as ”Petro
Page 25 and 26: Shareholder structure As of the bal
Page 27 and 28: Investment risks: In order to creat
Page 29: Significant events and outlook The
Page 32 and 33: Proposal on the Appropriation of Pr
Page 34 and 35: Balance Sheet as of December 31, 20
Page 36 and 37: Equity and liabilities 36 2002 2001
Page 38 and 39: Income Statement for the period fro
Page 40 and 41: 40 2002 2001 € € € € 8. Ext
Page 42 and 43: Premiums and discounts were amortiz
Page 44 and 45: List of Shareholdings Shares in aff
Page 46 and 47: Notes to the Balance Sheet Statemen
Page 48 and 49: Assets C. Investments Present value
Page 50 and 51: Notes to the Income Statement I. 1
Page 54 and 55: Auditors’ Report We have audited

R+V Versicherung AG Annual Report

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