Cash flow from financing activities
Compared to the previous year, the cash flow from financing activities increased by EUR 598.2 million from -EUR 449.9 million to EUR 148.4 million. The change was influenced first and foremost by the inflow of funds from the subordinated debt 2012/2043 in an amount of EUR 500.0 million placed on 20 November 2012. The cash outflow in the year under review was due principally to the dividend of EUR 253.3 million paid by the parent company Hannover Re as well as repayment of a long-term debt of EUR 125.2 million by Hannover Re Real Estate Holdings, Inc. Overall, the cash and cash equivalents therefore increased by EUR 65.2 million year-on-year to EUR 572.2 million.
For further information on our liquidity management please see risk report.