Cash flow from financing activities
Compared to the previous year, the cash flow from financing activities was reduced by EUR 733.2 million from EUR 283.3 million to –EUR 449.9 million. The change was influenced first and foremost by the inflow of funds from placement of the subordinated debt 2010/2040 in an amount of EUR 500.0 million in the previous year. The cash outflow in the year under review was due principally to the dividend of EUR 277.4 million paid by the parent company Hannover Re as well as repayment of the remaining volume of the subordinated debt 2001/2031 in an amount of EUR 138.1 million.
Overall, the cash and cash equivalents thus increased by EUR 31.7 million year-on-year to EUR 507.0 million.
For further information on our liquidity management please see the risk report.