Hannover Re posts very pleasing result for the 2009 financial year

• Overall premium growth + 26.5%
• Combined ratio in non-life reinsurance: 96.6% (95.4%)
• Investment income sharply higher at EUR 1.1 billion (EUR 278.5 million)
• Operating profit (EBIT) surpasses EUR 1 billion for the first time
• Group net income: EUR 731.2 million
• Earnings per share: EUR 6.06
• Return on equity: 22.4%
• Dividend proposal for 2009: EUR 2.10

Hannover, 11 March 2010: Hannover Re closed the 2009 financial year with substantial profit growth. "For the first time we succeeded in generating an operating profit (EBIT) in excess of one billion euro. We also increased our shareholders' equity by more than 30%", Chief Executive Officer Ulrich Wallin stated at the press briefing on the annual results in Hannover.

The very healthy Group profit was further boosted by the moderate burden of catastrophe losses and the acquisition of the US ING life reinsurance portfolio.

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