Hannover Rück SE Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	56,240	55,500	-	-	47,615
Investments in Equity & Preferred Securities	594.8	247	2,056	2,063	552.56
Other Investments	116.9	591.1	55,058	47,125	4,190
Total Investments	65,593	65,135	59,651	54,648	54,257
Cash & Equivalents	1,052	1,253	1,055	1,323	1,355
Reinsurance Recoverable	2,137	3,117	2,653	4,141	2,971
Other Receivables	928.2	711	637.8	799.6	7,776
Deferred Policy Acquisition Cost	-	-	-	-	3,351
Property, Plant & Equipment	131.6	150.4	147.7	162	165.34
Goodwill	77.9	79.9	78	77.3	83.93
Other Intangible Assets	118.4	131.7	134.7	133.7	138.49
Other Current Assets	459.8	485.6	135.9	92.5	11,847
Long-Term Deferred Tax Assets	373.5	501.5	627.9	457.7	676.34
Other Long-Term Assets	455.9	562.3	544.6	1,124	280.99
Total Assets	71,327	72,127	65,665	62,959	82,902
Accounts Payable	1,100	920.8	-	-	-
Accrued Expenses	221.2	222.1	46.5	47.9	40.6
Insurance & Annuity Liabilities	-	-	-	-	49,161
Unearned Premiums	-	-	-	-	6,196
Reinsurance Payable	47,981	49,574	44,938	42,326	3,013
Current Portion of Long-Term Debt	170.9	84.6	273.9	-	24.02
Current Portion of Leases	10.8	14.9	7.8	8.2	8.49
Short-Term Debt	211.2	116.5	365.8	-	89.8
Current Income Taxes Payable	450.5	603.9	225.9	172.8	92.02
Long-Term Debt	3,898	4,487	4,501	5,399	4,235
Long-Term Leases	81.3	91.7	93	103.5	104.07
Long-Term Deferred Tax Liabilities	2,001	1,797	2,097	2,179	2,836
Other Current Liabilities	116.1	165.9	-	-	183.76
Other Long-Term Liabilities	934.9	1,139	1,874	2,569	3,809
Total Liabilities	57,397	59,439	54,646	53,002	70,146
Common Stock	120.6	120.6	120.6	120.6	120.6
Additional Paid-In Capital	724.6	724.6	724.6	724.6	724.56
Retained Earnings	12,700	10,595	9,124	8,025	8,986
Comprehensive Income & Other	-616.9	354.2	157.6	189.7	2,054
Total Common Equity	12,929	11,795	10,127	9,060	11,885
Minority Interest	1,002	893.8	892.7	897.2	871.23
Shareholders' Equity	13,930	12,688	11,020	9,957	12,756
Total Liabilities & Equity	71,327	72,127	65,665	62,959	82,902
Filing Date Shares Outstanding	120.6	120.6	120.6	120.6	120.6
Total Common Shares Outstanding	120.6	120.6	120.6	120.6	120.6
Total Debt	4,372	4,795	5,241	5,510	4,462
Net Cash (Debt)	-3,321	-3,542	-4,187	-4,187	-3,107
Net Cash Per Share	-27.54	-29.37	-34.71	-34.72	-25.76
Book Value Per Share	107.21	97.80	83.97	75.12	98.55
Tangible Book Value	12,732	11,583	9,914	8,849	11,663
Tangible Book Value Per Share	105.58	96.05	82.21	73.37	96.71
Machinery	121.7	177.1	179.3	-	157.35

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.