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.

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.

Hannover Rück SE published this content on 10 May 2016 and is solely responsible for the information contained herein.
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