R+V Versicherung AG

The representatives of the auditor attended the meeting of
the audit committee on 8 March 2010, in order to report on the
essential results of the audit. The annual financial statements,
the management report, the consolidated financial statements
and the consolidated management report and the respective
audit reports were discussed in detail at this meeting. In
addition, the focuses of the audit committee were essential
key figures of the balance sheet, provisions and the early
recognition system for risk, in accordance with section 91,
para. 2 AktG (German Public Companies Act), and reports of
the internal audit of the past year.
These annual financial statements for the 2009 fiscal year,
the management report, and the consolidated financial statements
and the consolidated management report have been
checked by the Supervisory Board. The representatives of the
auditor responsible were present at the meeting of the Supervisory
Board at which the financial statements were adopted
and were available for additional explanations and opinions.
The Supervisory Board raised no objections to the annual
financial statements and the consolidated financial statements
prepared by the Board of Management for the fiscal
year 2009 and concurred with the audit results of the financial
auditing company KPMG AG Wirtschaftsprüfungsgesellschaft,
which was appointed in accordance with section 341 k para. 2
HGB and which granted an unrestricted audit certificate. The
annual financial statements for the 2009 fiscal year submitted
by the Board of Management were approved by the Supervisory
Board in its meeting on 10 March 2010 and are therefore
adopted in accordance with section 172 AktG. The consolidated
financial statements submitted by the Board of Management
were approved by the Supervisory Board at the same
meeting.
The Supervisory Board expressed its agreement to the proposal
of the Board of Management concerning the appropriation of
the net retained profits.
Management Report 4 Annual Financial Statements 33 Further Information 57
Report of the Supervisory Board
The report on the relationships to affiliated companies drawn
up by the Board of Management and the audit report of the
auditor of the annual financial statements had been submitted
and were checked.
The auditor of the financial statements gave the following
audit certificate to the report of the Board of Management
concerning the relationships to affiliated companies:
“We confirm, after our audit and evaluation in accordance
with our duty, that
1. the factual statements made in the report are correct,
2. the remuneration paid by the Company with respect to the
transactions listed in the report was not inappropriately
high or disadvantages have been compensated.”
The Supervisory Board concurs with this opinion and raises
no objections to the closing declarations made by the Board
of Management concerning the relationships to affiliated
companies.
Wiesbaden, 10 March 2010
The Supervisory Board
Kirsch
Chairman
65