Consolidated Accounts
Consolidated Balance Sheet
Assets in EUR thousand | Notes | 31.12.2011 | 31.12.2010 |
---|---|---|---|
Fixed-income securities — held to maturity | 5.1 | 4,156,089 | 3,028,018 |
Fixed-income securities — loans and receivables | 5.1 | 3,524,735 | 2,314,429 |
Fixed-income securities — available for sale | 5.1 | 17,328,911 | 15,877,634 |
Fixed-income securities — at fair value through profit or loss | 5.1 | 161,130 | 217,597 |
Equity securities — available for sale | 5.1 | 40,387 | 536,755 |
Other financial assets — at fair value through profit or loss | 5.1 | 21,026 | 54,756 |
Real estate and real estate funds | 5.1 | 525,097 | 394,087 |
Investments in associated companies | 5.1 | 127,554 | 127,644 |
Other invested assets | 5.1 | 931,421 | 841,896 |
Short-term investments | 5.1 | 1,017,886 | 1,570,502 |
Cash | 506,963 | 447,753 | |
Total investments and cash under own management | 28,341,199 | 25,411,071 | |
Funds withheld | 5.2 | 13,232,054 | 11,920,725 |
Contract deposits | 5.3 | 109,719 | 715,353 |
Total investments | 41,682,972 | 38,047,149 | |
Reinsurance recoverables on unpaid claims | 5.7 | 1,550,587 | 1,025,332 |
Reinsurance recoverables on benefit reserve | 5.7 | 380,714 | 347,069 |
Prepaid reinsurance premium | 5.7 | 91,823 | 83,224 |
Reinsurance recoverables on other technical reserves | 5.7 | 7,810 | 1,831 |
Deferred acquisition costs | 5.4 | 1,926,570 | 1,834,496 |
Accounts receivable | 5.4 | 3,139,327 | 2,841,303 |
Goodwill | 5.5 | 59,289 | 45,773 |
Deferred tax assets | 6.5 | 682,888 | 622,136 |
Other assets | 5.6 | 336,650 | 336,443 |
Accrued interest and rent | 5,931 | 11,182 | |
Assets held for sale | 5.1, 4.4 | 2,391 | 1,529,355 |
Total assets | 49,866,952 | 46,725,293 |
Liabilities in EUR thousand | Notes | 31.12.2011 | 31.12.2010 |
---|---|---|---|
Loss and loss adjustment expense reserve | 5.7 | 20,767,317 | 18,065,395 |
Benefit reserves | 5.7 | 10,309,066 | 8,939,190 |
Unearned premium reserve | 5.7 | 2,215,864 | 1,910,422 |
Other technical provisions | 5.7 | 207,262 | 184,528 |
Funds withheld | 5.8 | 644,587 | 1,187,723 |
Contract deposits | 5.9 | 5,008,193 | 4,704,267 |
Reinsurance payable | 733,348 | 733,473 | |
Provisions for pensions | 5.10 | 88,299 | 81,657 |
Taxes | 6.5 | 185,015 | 286,394 |
Deferred tax liabilities | 6.5 | 1,723,265 | 1,632,527 |
Other liabilities | 5.11 | 443,671 | 443,932 |
Long-term debt and subordinated capital | 5.12 | 1,934,410 | 2,056,797 |
Liabilities related to assets held for sale | — | 1,381,120 | |
Total liabilities | 44,260,297 | 41,607,425 | |
Shareholders‘ equity | |||
Common shares | 5.13 | 120,597 | 120,597 |
Nominal value: 120,597 Conditional capital: 60,299 |
5.13 | ||
Additional paid-in capital | 724,562 | 724,562 | |
Common shares and additional paid-in capital | 845,159 | 845,159 | |
Cumulative other comprehensive income | |||
Unrealised gains and losses on investments | 453,115 | 372,094 | |
Cumulative foreign currency translation adjustment | 11,559 | (52,954) | |
Other changes in cumulative other comprehensive income | (18,553) | (6,450) | |
Total other comprehensive income | 446,121 | 312,690 | |
Retained earnings | 3,679,351 | 3,351,116 | |
Equity attributable to shareholders of Hannover Re | 4,970,631 | 4,508,965 | |
Non-controlling interests | 636,024 | 608,903 | |
Total shareholders‘ equity | 5,606,655 | 5,117,868 | |
Total liabilities | 49,866,952 | 46,725,293 |