Corporate | 10 May 2016 15:00
Hannover Rück SE: Annual General Meeting adopts all proposed resolutions
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DGAP-News: Hannover Rück SE / Key word(s): AGM/EGM
Press release Annual General Meeting adopts all proposed resolutions Hannover, 10 May 2016: The Annual General Meeting of Hannover Re today approved with the required majorities the proposed resolutions that were put to a vote. In his address to the meeting Chief Executive Officer Ulrich Wallin took the opportunity to look back once more on the 2015 financial year, in which the company achieved a new record profit of EUR 1.15 billion. Both business groups, namely Property & Casualty and Life & Health reinsurance, as well as very good investment income played a part in this successful business development. The Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a gross dividend of EUR 4.75 per share for the 2015 financial year, an increase of EUR 0.50 compared to the previous year. The payout is composed of a dividend amounting to EUR 3.25 per share and a special dividend of EUR 1.50 per share. The latter is to be seen as a capital management measure in light of the fact that Hannover Re’s capitalisation now exceeds its capital requirements. The next Annual General Meeting of Hannover Re is scheduled for 10 May 2017 in Hannover. For further information please contact:
Corporate Communications:
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Please visit: www.hannover-re.com Hannover Re, with gross premium of around EUR 17 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 2,500 staff. Established in 1966, the Hannover Re Group today has a network of more than 100 subsidiaries, branches and representative offices worldwide. The Group’s German business is written by the subsidiary E+S Rück. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück very strong insurer financial strength ratings: Standard & Poor’s AA- “Very Strong” and A.M. Best A+ “Superior”. In 2016 Hannover Re celebrates its fiftieth anniversary.
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2016-05-10 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English | |
| Company: | Hannover Rück SE | |
| Karl-Wiechert-Allee 50 | ||
| 30625 Hannover | ||
| Germany | ||
| Phone: | +49-(0)511-5604-1500 | |
| Fax: | +49-(0)511-5604-1648 | |
| E-mail: | info@hannover-re.com | |
| Internet: | www.hannover-re.com | |
| ISIN: | DE0008402215 | |
| WKN: | 840 221 | |
| Indices: | MDAX | |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX; Luxemburg | |
| End of News | DGAP News Service |