Hannover Re’s segmental report is based on IFRS 8 “Operating Segments” and on the principles set out in German Accounting Standard No. 3 “Segment Reporting” (DRS 3) of the German Accounting Standards Board as well as the requirements of DRS 3–20 “Segment Reporting of Insurance Enterprises”.

The segmentation in non-life reinsurance and life/health reinsurance and the segment information presented follow the system used for internal reporting purposes, on the basis of which the full Executive Board regularly evaluates the performance of the segments and decides on the allocation of resources to the segments.

During the financial year no material changes occurred in the organisational structure that could have influenced the composition of the segments. Since the performance indicators used to steer the segments correspond to the system according to which the consolidated financial statement is prepared, a separate reconciliation of the segment results with the Group result is not provided.