Annual Report 2010 - Hannover Re

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Figures in EUR thousand 1.1.– 31. 12. 2010 1.1.– 31. 12. 2009 II. Cash flow from investing activities Fixed-income securities – held to maturity Maturities 21,611 40,243 Purchases – (43,860) Fixed-income securities – loans and receivables Maturities, sales 904,068 333,032 Purchases (517,804) (1,231,446) Fixed-income securities – available for sale Maturities, sales 8,376,705 10,353,694 Purchases (9,878,959) (10,804,242) Fixed-income securities – at fair value through profit or loss Maturities, sales 55,650 76,824 Purchases (6,198) (19,948) Equity securities – available for sale Sales 32,550 21,900 Purchases (518,415) (22,626) Other financial assets – at fair value through profit or loss Sales 962 – Purchases – (123) Other invested assets Sales 60,314 17,717 Purchases (112,964) (55,865) Affiliated companies and participating interests Sales 182 4,769 Purchases (6,903) (5,830) Acquisition of ING life reinsurance portfolio Acquisition of cash in hand – 117,170 Purchase price paid for other assets acquired – (12,878) Real estate and real estate funds Sales 915 234 Purchases (163,502) (158,336) Short-term investments Changes (244,454) (375,526) Other changes (net) 2,521 (21,232) Cash flow from investing activities (1,993,721) (1,786,329) 106 Consolidated Accounts Consolidated cash flow statement Hannover Re Group annual report 2010
Figures in EUR thousand 1.1.– 31. 12. 2010 1.1.– 31. 12. 2009 III. Cash flow from financing activities Contribution from/payment on capital measures (2,736) 9,940 Acquisition/disposal of treasury shares (293) (361) Structural change without loss of control 6,522 – Dividends paid (283,986) (13,662) Proceeds from long-term debts 566,533 76,975 Repayment of long-term debts (2,694) (15,137) Cash flow from financing activities 283,346 57,755 IV. Exchange rate differences on cash 46,922 3,866 Cash and cash equivalents at the beginning of the period 457,412 430,225 Change in cash and cash equivalents (I.+II.+III.+IV.) 17,815 27,187 Cash and cash equivalents at the end of the period 475,227 457,412 thereof cash and cash equivalents of disposal groups 27,474 – Cash and cash equivalents at the end of the period excluding disposal groups 447,753 457,412 Income tax paid (147,966) (131,134) Interest paid (103,468) (100,874) Consolidated accounts Hannover Re Group annual report 2010 Consolidated cash flow statement Consolidated Accounts 107
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Annual Report 2010
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The Hannover Re Group America Europ
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Contents For our investors 2 - 15 L
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Our operational business was impact
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Our life and health reinsurance bus
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years will generate increasing inco
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For our investors Seated from left
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The market capitalisation of the Ha
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Basic information Securities identi
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Strategic objectives 1. Profitable
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Macroeconomic climate The global ec
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Business development We are thoroug
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Non-life reinsurance Accounting for
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Along with the aforementioned natur
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The establishment of the Federal In
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The Die beste volatility Volatilit
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Credit and surety Breakdown of gros
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Thanks not least to a new branch of
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The insurance sector continues to b
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have enlarged our portfolio. In the
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anch in Shanghai concentrates on bu
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Ageing macht creates Märkte market
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Key figures for life and health rei
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new business. Against this backdrop
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The rating agency Standard & Poor
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Rating of fixed-income securities
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In 2009 Hannover Re launched anothe
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Solvency For our company II heißt
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Social commitment Hannover Re’s c
Page 59 and 60: Opportunity and risk report Overrid
Page 61 and 62: Available capital and required risk
Page 63 and 64: Internal risk management and contro
Page 65 and 66: The table below lists the catastrop
Page 67 and 68: Sensitivity analysis of the Market
Page 69 and 70: events. Further significant risk ma
Page 71 and 72: Gross written premium retained in %
Page 73 and 74: Strategic risks derive from the ris
Page 75 and 76: Performance Excellence Check The PE
Page 77 and 78: Financial position Asset / liabilit
Page 79 and 80: Financing and Group debt In additio
Page 81 and 82: Financial strength ratings of subsi
Page 83 and 84: Naturkatastrophen Natural catastrop
Page 85 and 86: Corporate Governance The principles
Page 87 and 88: for orderly performance of their ta
Page 89 and 90: in question. With the aim of making
Page 91 and 92: The Annual General Meeting of Hanno
Page 93 and 94: Measurement bases/conditions of pay
Page 95 and 96: Individual remuneration received by
Page 97 and 98: motivation, customer satisfaction,
Page 99 and 100: eversal. Nevertheless, we anticipat
Page 101 and 102: of demand and the diversification o
Page 103 and 104: Profit and growth targets for 2011
Page 105 and 106: as at 31 December 2010 Liabilities
Page 107 and 108: Consolidated statement of comprehen
Page 109: Consolidated cash flow statement 20
Page 113 and 114: as at 31 December 2010 Life/health
Page 115 and 116: as at 31 December 2010 Life/health
Page 117 and 118: 1. Company information The parent c
Page 119 and 120: Standards Applicable to financial y
Page 121 and 122: Impairments: as at each balance she
Page 123 and 124: asis of a five-year detailed plan a
Page 125 and 126: come. Currency translation differen
Page 127 and 128: The projections, which cover variou
Page 129 and 130: The following list of shareholdings
Page 131 and 132: Name and registered office of the c
Page 133 and 134: Name and registered office of the c
Page 135 and 136: Investments Within the scope of its
Page 137 and 138: 5. Notes on the individual items of
Page 139 and 140: The stated maturities may in indivi
Page 141 and 142: Amortised cost, unrealised gains an
Page 143 and 144: Carrying amounts before impairment
Page 145 and 146: Breakdown of investments by currenc
Page 147 and 148: In addition, we held indirect real
Page 149 and 150: Development of level 3 financial in
Page 151 and 152: Development of deferred acquisition
Page 153 and 154: This item principally consists of t
Page 155 and 156: Technical provisions in EUR thousan
Page 157 and 158: Net loss reserve and its run-off in
Page 159 and 160: Liabilities in liability and motor
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From 1997 onwards it has been possi
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The recognised provision for pensio
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in EUR thousand Other reclassificat
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Debt and subordinated capital in EU
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Furthermore, a long-term unsecured
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6.2 Investment income Investment in
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6.3 Reinsurance result Reinsurance
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Tax-relevant bookings on the Group
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The following table presents a reco
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Maturity structure of derivative fi
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Business assumed and ceded in Germa
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last twenty trading days prior to t
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On this basis the aggregate provisi
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7.7 Contingent liabilities and comm
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7.11 Events after the balance sheet
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Responsibility statement To the bes
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ated by a reinsurance subsidiary do
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- in each case drawn up as at 31 De
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Branch offices and subsidiaries of
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Spain United Kingdom USA HR Hannove
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Corporate Governance: serves to ens
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Life and health (re-)insurance: col
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Segmental reporting: presentation o
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Financial calendar 2011/2012 9 Marc
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Contact information Corporate Commu
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Annual Report 2010 - Hannover Re

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