Cash flow from financing activities

Compared to cash outflows from financing activities of EUR 318.7 million in the previous year, net inflows of EUR 57.7 million were recorded in the year under review. This change was due first and foremost to the decrease of EUR 305.2 million in dividends paid relative to the previous year, resulting principally from the omission of a distribution by the parent company Hannover Re in the year under review. In addition, receipts from the taking up of longterm financial liabilities amounting to EUR 77.0 million outweighed repayments totalling EUR 15.1 million.

Overall, the cash and cash equivalents thus increased by EUR 27.2 million year-on-year to EUR 457.4 million.

For further information on our liquidity management please see the risk report.