Consolidated balance sheet as at
31 December 2013
Consolidated financial statements
Consolidated balance sheet as at
31 December 2013
Assets | ||||
in EUR thousand | Notes | 31.12.2013 | 31.12.20121 | 1.1.20121 |
---|---|---|---|---|
Fixedincome securities – held to maturity | 6.1 | 2,666,787 | 3,605,956 | 4,156,089 |
Fixedincome securities – loans and receivables | 6.1 | 3,209,100 | 3,415,187 | 3,524,735 |
Fixedincome securities – available for sale | 6.1 | 22,409,892 | 21,782,072 | 17,328,911 |
Fixedincome securities – at fair value through profit or loss | 6.1 | 36,061 | 147,413 | 161,130 |
Equity securities – available for sale | 6.1 | 28,980 | 29,246 | 40,387 |
Other financial assets – at fair value through profit or loss | 6.1 | 70,082 | 60,835 | 21,026 |
Real estate and real estate funds | 6.1 | 1,094,563 | 647,961 | 525,097 |
Investments in associated companies | 6.1 | 144,489 | 133,017 | 127,554 |
Other invested assets | 6.1 | 1,023,214 | 970,798 | 931,421 |
Short-term investments | 6.1 | 549,138 | 509,718 | 1,017,886 |
Cash | 6.1 | 642,936 | 572,188 | 506,963 |
Total investments and cash under own management | 31,875,242 | 31,874,391 | 28,341,199 | |
Funds withheld | 6.2 | 14,267,831 | 14,627,847 | 13,232,054 |
Contract deposits | 6.3 | 75,541 | 123,258 | 109,719 |
Total investments | 46,218,614 | 46,625,496 | 41,682,972 | |
Reinsurance recoverables on unpaid claims | 6.7 | 1,403,804 | 1,538,215 | 1,550,587 |
Reinsurance recoverables on benefit reserve | 6.7 | 344,154 | 507,257 | 380,714 |
Prepaid reinsurance premium | 6.7 | 139,039 | 138,373 | 91,823 |
Reinsurance recoverables on other technical reserves | 6.7 | 6.893 | 2,611 | 7,810 |
Deferred acquisition costs | 6.4 | 1,672,398 | 1,841,279 | 1,926,570 |
Accounts receivable | 6.4 | 2,945,685 | 3,065,664 | 3,139,327 |
Goodwill | 6.5 | 57,070 | 59,099 | 59,289 |
Deferred tax assets | 7,5 | 508,841 | 620,456 | 683,194 |
Other assets | 6.6 | 603,627 | 402,655 | 336,650 |
Accrued interest and rent | 4,193 | 4,238 | 5,931 | |
Assets held for sale | 6.1 | 11,226 | 6.333 | 2,391 |
Total assets | 53,915,544 | 54,811,676 | 49,867,258 | |
1 Adjusted pursuant to IAS 8 (cf. Section 3.1 of the notes) |
Liabilities | ||||
in EUR thousand | Notes | 31.12.2013 | 31.12.20121 | 1.1.20121 |
---|---|---|---|---|
Loss and loss adjustment expense reserve | 6.7 | 21,666,932 | 21,610,698 | 20,767,317 |
Benefit reserve | 6.7 | 10,631,451 | 10,974,570 | 10,309,066 |
Unearned premium reserve | 6.7 | 2,405,497 | 2,339,809 | 2,215,864 |
Other technical provisions | 6.7 | 269,571 | 214,219 | 207,262 |
Funds withheld | 6.8 | 648,026 | 821,060 | 644,587 |
Contract deposits | 6.9 | 5,569,932 | 5,797,884 | 5,008,193 |
Reinsurance payable | 1,071,654 | 1,121,409 | 733,348 | |
Provisions for pensions | 6.10 | 116,412 | 126,156 | 95,250 |
Taxes | 7.5 | 222,795 | 237,552 | 185,015 |
Deferred tax liabilities | 7.5 | 1,712,392 | 1,960,073 | 1,721,961 |
Other liabilities | 6.11 | 605,895 | 493,311 | 441,825 |
Long-term debt and subordinated capital | 6.12 | 2,464,960 | 2,400,791 | 1,934,410 |
Total liabilities | 47,385,517 | 48,097,532 | 44,264,098 | |
Shareholders’ equity | ||||
Common shares | 6.13 | 120,597 | 120,597 | 120,597 |
Nominal value: 120,597 Conditional capital: 60,299 | 6.13 | |||
Additional paid-in capital | 724,562 | 724,562 | 724,562 | |
Common shares and additional paid-in capital | 845,159 | 845,159 | 845,159 | |
Cumulative other comprehensive income | ||||
Unrealised gains and losses on investments | 533,745 | 987,918 | 453,115 | |
Cumulative foreign currency translation adjustment | (246,279) | (16,119) | 11,559 | |
Changes from hedging instruments | (9,455) | (9,455) | – | |
Other changes in cumulative other comprehensive income | (16,452) | (24,417) | (4,159) | |
Total other comprehensive income | 261,559 | 937,927 | 460,515 | |
Retained earnings | 4,781,718 | 4,249,386 | 3,661,844 | |
Equity attributable to shareholders of Hannover Rück SE | 5,888,436 | 6.032,472 | 4,967,518 | |
Non-controlling interests | 6.13 | 641,591 | 681,672 | 635,642 |
Total shareholders’ equity | 6.530,027 | 6.714,144 | 5,603,160 | |
Total liabilities | 53,915,544 | 54,811,676 | 49,867,258 | |
1 Adjusted pursuant to IAS 8 (cf. Section 3.1 of the notes) |