R+V Versicherung AG

Management Report 4
Business Development and Basic
Conditions
The individual annual financial statements of R+V Versicherung
AG were prepared according to the provisions of the HGB
(German Commercial Code). In addition, the company prepares
consolidated accounts according to IFRS.
The position of the Board of Management of the companies of
R+V are partly held by the same persons. The R+V Consolidated
Group is managed as a uniform company.
In addition, R+V Versicherung AG has concluded controlling
agreements with R+V KOMPOSIT Holding GmbH, R+V Personen
Holding GmbH and R+V Service Holding GmbH as well as a
profit and loss transfer agreement with R+V Lebensversicherung
AG.
R+V KOMPOSIT Holding GmbH has a profit and loss transfer
agreement with R+V Allgemeine Versicherung AG, R+V Rechtsschutzversicherung
AG and R+V Direktversicherung AG. A
profit and loss transfer agreement also exists between Optima
Versicherungs-AG and Condor Allgemeine Versicherungs-AG.
R+V Service Holding GmbH has a profit and loss transfer agreement
with R+V Service Center GmbH, UMB Unternehmens-
Managementberatungs-GmbH as well as R+V Rechtschutz
Schadenregulierungs-GmbH.
The standard management of the R+V Consolidated Group is in
addition reflected in the extensive function outsourcing and
service agreements concluded between the companies.
Shareholder structure
On the balance sheet key date, shares in R+V Versicherung AG
were held directly or indirectly by the following shareholders:
– DZ BANK AG Deutsche Zentral-Genossenschaftsbank,
Frankfurt/Main
– WGZ BANK AG Westdeutsche Genossenschafts-
Zentralbank AG, Düsseldorf
– Bayerische Raiffeisen Beteiligungs-AG, Beilngries
– Genossenschaftliche Beteiligungsgesellschaft Kurhessen AG,
Kassel
Annual Financial Statements 33 Further Information 57 5
– Beteiligungs-AG der Bayerischen Volksbanken, Pöcking
– Norddeutsche Genossenschaftliche Beteiligungs-AG,
Hanover
– DZ PB-Beteiligungsgesellschaft mbH, Frankfurt/Main
– KRAVAG-SACH Versicherung des Deutschen Kraftverkehrs
VaG, Hamburg
– 724 branches of Volksbank and Raiffeisenbank throughout
Germany
– 10 interests in free float.
Relations to affiliated companies
In the report concerning the relations to affiliated companies,
which was prepared in accordance with section 312 of the
Aktiengesetz (AktG – German Public Companies Act), the
Board of Management declared that, according to the circumstances
known to it at the time, the transactions mentioned in
the report were performed, the company received adequate
consideration on each transaction, and that it did not take or
fail to take any other measures subject to disclosure.
Personnel report
The number of employees of R+V Versicherung AG increased by
17 employees to 321 compared with 304 employees in the previous
year. The average length of service for the company was
approx. 12 years.
PERSONNEL REPORT
2009 2008
Total numbers of employees
of whom:
321 304
Full-time 286 261
Part-time 28 26
Employees with fixed-term contracts 7 17
Qualified and highly-motivated employees are in particular
required in service-oriented companies. R+V has recognised
this for a long time already and done a great deal in order to be
well-prepared as a company in this respect. These goals were
consistently further pursued in the past year.