|Balance sheet structure of Hannover Rück SE|
|in EUR thousand||2016||2015|
|Prepayments and accrued income||162,441||168,241|
|Capital and reserves||2,665,716||2,289,716|
|Provisions for other risks and charges||531,367||408,726|
|Deposits received from retrocessionaires||2,286,675||8,795,263|
|Accruals and deferred income||4||8|
Our portfolio of assets under own management grew in the year under review to EUR 27.3 billion (EUR 25.7 billion). This corresponds to an increase of 6.4% and is reflected above all in the increased portfolio of bearer debt securities. The balance of unrealised gains on fixed-income securities and bond funds climbed to EUR 685.1 million (EUR 610.3 million). This reflects the yield decreases observed in the course of the year under review for EUR- and GBP-denominated bonds as well as reduced risk premiums for corporate bonds across all rating classes. Opposing effects derived from US Treasuries, which recorded yield increases across all maturity segments over the year as a whole.
Deposits with ceding companies, which are shown under the investments, fell to EUR 8.3 billion (EUR 15.6 billion) in the year under review; this was attributable primarily to expiring contracts at our branch in China.
Our capital and reserves – excluding the disposable profit – stood at EUR 1,631.7 million (EUR 1,631.7 million). The total capital, reserves and technical provisions – comprised of the capital and reserves excluding disposable profit, the subordinated liabilities, the equalisation reserve and similar provisions as well as the net technical provisions – increased during the year under review to EUR 34,011.8 million (EUR 33,416.7 million). The balance sheet total of Hannover Rück SE decreased to EUR 39.0 billion (EUR 44.9 billion).
A dividend of EUR 3.25 plus a special dividend of EUR 1.50 per share, equivalent to EUR 572.8 million (EUR 512.5 million), was paid in the year under review for the 2015 financial year.
It will be proposed to the Annual General Meeting on 10 May 2017 that a dividend of EUR 3.50 plus a special dividend of EUR 1.50 per share should be paid for the 2016 financial year. This corresponds to a total distribution of EUR 603.0 million. The dividend proposal does not form part of this consolidated financial statement.