The Annual General Meeting of Hannover Rück SE was held on 10 May 2017 at Hannover Congress Centrum (HCC). Altogether, including postal ballots around 77% of the share capital was represented.
In his address to shareholders Chief Executive Officer Ulrich Wallin took the opportunity to look back once more on the 2016 financial year, which Hannover Re had closed out with Group net income of EUR 1.17 billion and hence a fifth record profit in a row. The Property & Casualty reinsurance business group had played the largest part in this successful development with a very healthy underwriting profit. While Life & Health reinsurance delivered a solid result in line with expectations, investment income surpassed expectations.
In light of this good result and the further strengthening of the company’s capitalisation, the shareholders accepted the proposal of the Executive Board and Supervisory Board that a gross dividend of EUR 5.00 per share should be paid. The payout took the form of a dividend of EUR 3.50 per share – an increase of EUR 0.25 compared to the previous year – and a special dividend of EUR 1.50 per share, with the special dividend to be considered a capital management measure. This proposal, together with all other proposed resolutions put to the vote, was approved by the Annual General Meeting by a large majority.
All voting results and the attendance were published on the company’s website following the Annual General Meeting. The next Annual General Meeting will be held on Monday, 7 May 2018 in Hannover.