Cash flow from financing activities

Compared to the previous year, the cash inflows from financing activities increased from EUR 57.7 million to EUR 283.3 million. This rise was due first and foremost to the inflow from placement of the subordinated debt 2010/2040 in an amount of nominally EUR 500.0 million. This increase was in turn reduced accordingly by the dividend of EUR 253.3 million paid by the parent company Hannover Re in the year under review.

Overall, the cash and cash equivalents thus increased by EUR 17.8 million year-on-year to EUR 475.2 million.

For further information on our liquidity management please see Section "Assessment of the risk situation" of the risk report.