Annual Report 2010 - Hannover Re

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Strategic business groups of the Hannover Re Group Non-life reinsurance Life and health reinsurance E+S Rück Hannover Hannover Life Re Africa Johannesburg Hannover Rück Hannover Hannover Life Re America Orlando/Florida Hannover Re Africa Johannesburg Hannover Life Re Australasia Sydney Hannover Re Bermuda Hamilton Hannover Life Re Bermuda Hamilton Hannover Re Ireland Dublin Hannover Life Re Germany (E+S Rück), Hannover Hannover ReTakaful Manama Hannover Life Re International Hannover Inter Hannover London Hannover Life Re Ireland Dublin Compass Ins. Co Johannesburg Hannover Life Re UK Virginia Water/London
Contact information Corporate Communications Karl Steinle Tel. + 49 511 5604-1500 Fax + 49 511 5604-1648 karl.steinle@hannover-re.com Media Relations Gabriele Handrick Tel. + 49 511 5604-1502 Fax + 49 511 5604-1648 gabriele.handrick@hannover-re.com Investor Relations Klaus Paesler Tel. + 49 511 5604-1736 Fax + 49 511 5604-1648 klaus.paesler@hannover-re.com A printed version of the Hannover Re Group‘s Annual Report is also available in German. The report can be downloaded online in PDF format in English and German at www.hannover-re.com. This is a translation of the original German text; the German version shall be authoritative in case of any discrepancies in the translation. We would also be pleased to provide you with the individual Annual Report of Hannover Rückversicherung AG in German or English. If you wish to receive paper copies of any of these versions, please contact Corporate Communications on: Tel. + 49 511 5604-1889 Fax + 49 511 5604-1648 or order them online at www.hannover-re.com under “Media Centre/Financial Reports”. Published by Hannover Rückversicherung AG Karl-Wiechert-Allee 50 30625 Hannover Tel. +49 511 5604-0 Fax +49 511 5604-1188 info@hannover-re.com www.hannover-re.com Concept and design ANZINGER|WÜSCHNER|RASP Agentur für Kommunikation, Munich Production herbstwerbung Agentur für Kommunikation, Hannover Lithography MXM Digitalservice, Munich Picture credits Thomas Bach: cover Manfred Zimmermann: portraits on pages 2, 51, 79; group photo on page 9 Frank Bauer: portraits on pages 27, 39 Corbis/Blaine Harrington III: pages 26/27 Corbis/Owen Franken: pages 38/39 Corbis/David Madison: pages 50/51 Getty Images/Mark Lewis: pages 78/79 Print Druckerei Biewald, Hannover Printed on paper from environmentally responsible, socially compatible and economically viable forest management Printed carbon neutral to offset greenhouse gas emissions
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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
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Opportunity and risk report Overrid
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Available capital and required risk
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Internal risk management and contro
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The table below lists the catastrop
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Sensitivity analysis of the Market
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events. Further significant risk ma
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Gross written premium retained in %
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Strategic risks derive from the ris
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Performance Excellence Check The PE
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Financial position Asset / liabilit
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Financing and Group debt In additio
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Financial strength ratings of subsi
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Naturkatastrophen Natural catastrop
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Corporate Governance The principles
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for orderly performance of their ta
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in question. With the aim of making
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The Annual General Meeting of Hanno
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Measurement bases/conditions of pay
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Individual remuneration received by
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motivation, customer satisfaction,
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eversal. Nevertheless, we anticipat
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of demand and the diversification o
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Profit and growth targets for 2011
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as at 31 December 2010 Liabilities
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Consolidated statement of comprehen
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Consolidated cash flow statement 20
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Figures in EUR thousand 1.1.- 31. 1
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as at 31 December 2010 Life/health
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as at 31 December 2010 Life/health
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1. Company information The parent c
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Standards Applicable to financial y
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Impairments: as at each balance she
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asis of a five-year detailed plan a
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come. Currency translation differen
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The projections, which cover variou
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The following list of shareholdings
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Name and registered office of the c
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Name and registered office of the c
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Investments Within the scope of its
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5. Notes on the individual items of
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The stated maturities may in indivi
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Amortised cost, unrealised gains an
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Carrying amounts before impairment
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Breakdown of investments by currenc
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In addition, we held indirect real
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Development of level 3 financial in
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Development of deferred acquisition
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This item principally consists of t
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Technical provisions in EUR thousan
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Page 159 and 160: Liabilities in liability and motor
Page 161 and 162: From 1997 onwards it has been possi
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Page 165 and 166: in EUR thousand Other reclassificat
Page 167 and 168: Debt and subordinated capital in EU
Page 169 and 170: Furthermore, a long-term unsecured
Page 171 and 172: 6.2 Investment income Investment in
Page 173 and 174: 6.3 Reinsurance result Reinsurance
Page 175 and 176: Tax-relevant bookings on the Group
Page 177 and 178: The following table presents a reco
Page 179 and 180: Maturity structure of derivative fi
Page 181 and 182: Business assumed and ceded in Germa
Page 183 and 184: last twenty trading days prior to t
Page 185 and 186: On this basis the aggregate provisi
Page 187 and 188: 7.7 Contingent liabilities and comm
Page 189 and 190: 7.11 Events after the balance sheet
Page 191 and 192: Responsibility statement To the bes
Page 193 and 194: ated by a reinsurance subsidiary do
Page 195 and 196: - in each case drawn up as at 31 De
Page 197 and 198: Branch offices and subsidiaries of
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Page 201 and 202: Corporate Governance: serves to ens
Page 203 and 204: Life and health (re-)insurance: col
Page 205 and 206: Segmental reporting: presentation o
Page 207: Financial calendar 2011/2012 9 Marc
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Annual Report 2010 - Hannover Re

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