talanx group annual report 2011 en

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288 Financial statements Notes General information 1. Subsidiaries Companies included in the IFRS consolidated financial statement Talanx Group. Annual Report 2011 Accounting principles and policies Share of capital 1) in % Industrial Lines HDI Gerling Insurance of South Africa Ltd., Johannesburg, South Africa HDI HANNOVER International España, CÍa de 100.00 Seguros y Reaseguros S. A., Madrid, Spain 100.00 HDI Versicherung AG, Vienna, Austria 100.00 HDI-Gerling America Insurance Company, Chicago, USA 100.00 HDI-Gerling Assurances S. A., Brussels, Belgium 100.00 HDI-Gerling de Mexico Seguros S. A., Mexico City, Mexico HDI-Gerling Industrie Versicherung AG, 100.00 Hannover, Germany 100.00 HDI-Gerling Verzekeringen N. V., Rotterdam, Netherlands 100.00 HDI-Gerling Welt Service AG, Hannover, Germany 100.00 HG Sach AltInvest GmbH & Co. KG, Cologne, Germany 6), 8) HG-I Alternative Investments Beteiligungs- 100.00 GmbH & Co. KG, Cologne, Germany IVEC Institutional Venture and Equity Capital AG, 100.00 Cologne, Germany 8) Riethorst Grundstückgesellschaft AG & Co. KG, 100.00 Hannover, Germany 6), 8) 100.00 Retail Germany Alstertor Zweite Beteiligungs- und Investitionssteuerungs- GmbH & Co. KG, Hamburg 100.00 CiV Grundstücksgesellschaft mbH & Co. KG, Hilden Credit Life International Lebensversicherung AG 100.00 (formerly: Erste Credit Life International AG, Hilden Credit Life International Versicherung AG 100.00 (formerly: Zweite Credit Life International AG), Hilden GERLING Pensionsenthaftungs- 100.00 und Rentenmanagement GmbH, Cologne 100.00 HDI Direkt Versicherung AG, Hannover 100.00 HDI-GERLING Financial Service GmbH, Vienna, Austria HDI-Gerling Firmen und Privat Versicherung AG, 100.00 Hannover 100.00 HDI-Gerling Friedrich Wilhelm Reinsurance AG, Cologne 100.00 HDI-Gerling Leben Betriebsservice GmbH, Cologne 5) 100.00 HDI-Gerling Lebensversicherung AG, Cologne 100.00 HDI-Gerling Pensionsfonds AG, Cologne 100.00 HDI-Gerling Pensionskasse AG, Cologne 100.00 HDI-Gerling Pensionsmanagement AG, Cologne 5) 100.00 HDI-Gerling Vertrieb Firmen und Privat AG, Hannover 5) HNG Hannover National Grundstücksverwaltung 100.00 GmbH & Co. KG, Hannover 6) 100.00 neue leben Holding AG, Hamburg 67.50 neue leben Lebensversicherung AG, Hamburg 100.00 neue leben Unfallversicherung AG, Hamburg 100.00 PARTNER OFFICE AG, Cologne 5) 100.00 PB Lebensversicherung AG, Hilden 100.00 PB Pensionsfonds AG, Hilden 100.00 PB Pensionskasse AG, Hilden 100.00 PB Versicherung AG, Hilden 100.00 Talanx Deutschland AG, Hannover 5) Talanx Deutschland Bancassurance Communication Center GmbH (formerly: Proactiv Communication Center 100.00 GmbH), Hilden 5) 100.00 Segment reporting Consolidation, business combinations List of shareholdings for the consolidated financial statement of Talanx AG pursuant to § 313 (2) Commercial Code (HGB) 1. Subsidiaries Companies included in the IFRS consolidated financial statement Non-current assets held for sale and disposal groups Share of capital 1) in % Talanx Deutschland Bancassurance GmbH, Hilden 5) 100.00 Talanx Deutschland Bancassurance Kundenservice GmbH (formerly: Proactiv Servicegesellschaft mbH), Hilden 5) 100.00 TARGO Lebensversicherung AG, Hilden 100.00 TARGO Versicherung AG, Hilden 100.00 Retail International ASPECTA Assurance International AG, Vaduz, Liechtenstein ASPECTA Assurance International Luxembourg S. A., 100.00 Luxembourg, Luxembourg 100.00 CiV Hayat Sigorta A. Ş., Istanbul, Turkey HDI Asekuracja Towarzystwo Ubezpieczen S. A., 100.00 Warsaw, Poland 100.00 HDI Assicurazioni S. p. A., Rome, Italy 100.00 HDI Immobiliare S. r. L., Rome, Italy 100.00 HDI Seguros S. A. de C.V., León, Mexico 99.47 HDI Seguros S.A., Montevideo, Uruguay 100.00 HDI Seguros S. A., Santiago, Chile 99.93 HDI Seguros S. A., São Paulo, Brazil 100.00 HDI Sigorta A. Ş., Istanbul, Turkey 100.00 HDI STRAKHUVANNYA (Ukraine), Kiev, Ukraine 99.28 HDI Zahstrahovane AD, Sofia, Bulgaria HDI-Gerling Zycie Towarzystwo Ubezpieczen S. A., 94.00 Warsaw, Poland 100.00 InChiaro Assicurazioni S. p. A., Rome, Italy 51.00 InLinea S. p. A., Rome, Italy 70.00 Inversiones HDI Limitada, Santiago, Chile L’UNION de Paris Compañía Argentina de Seguros S. A., 100.00 Buenos Aires, Argentina Magyar Posta Biztosító Részvénytársaság, 100.00 Budapest, Hungary Magyar Posta Életbiztosító Részvénytársaság, 66.93 Budapest, Hungary OOO Strakhovaya Kompaniya „HDI Strakhovanie“, 66.93 Moscow, Russia 100.00 OOO Strakhovaya Kompaniya CiV Life, Moscow, Russia 100.00 Protecciones Esenciales S. A., Buenos Aires, Argentina 100.00 Saint Honoré Iberia S.L. Madrid, Spain 100.00 Talanx International AG, Hannover, Germany 5) 100.00 Non-Life Reinsurance 11 Stanwix LLC, Wilmington, USA 15) 100.00 300 South Orange Avenue LLC, Wilmington, USA 15) 100.00 402 Santa Monica Blvd. LLC, Wilmington, USA 15) 100.00 465 Broadway LLC, Wilmington, USA 15) 100.00 5115 Sedge Boulevard LP, Chicago, USA 15) 84.00 5115 Sedge Corporation, Chicago, USA 15) 100.00 Atlantic Capital Corporation, Wilmington, USA 11), 14) Cargo Transit Insurance (Pty) Ltd., 100.00 Helderkruin, South Africa 16) 80.00 Clarendon Insurance Group Inc., Wilmington, USA 14) Compass Insurance Company Ltd., 100.00 Johannesburg, South Africa 16) 100.00 Construction Guarantee (Pty.) Ltd., Parktown, South Africa 16) 60.00
Nature of risks Notes on the balance Notes on the balance sheet – assets sheet – liabilities 1. Subsidiaries Companies included in the IFRS consolidated financial statement Share of capital 1) in % E+S Rückversicherung AG, Hannover, Germany 63.69 Envirosure Underwriting Managers (Pty.) Ltd., Durban, South Africa 16) Film & Entertainment Underwriters SA (Pty). Ltd., 60.00 Northcliff, South Africa 16) 51.00 Funis GmbH & Co. KG, Hannover, Germany Garagesure Consultants and Acceptances (Pty) Ltd., 100.00 Johannesburg, South Africa 16) Gem & Jewel Acceptances (Pty) Ltd., 80.00 Johannesburg, South Africa 16) 70.00 GLL HRE CORE PROPERTIES LP, Wilmington, USA 15) 99.90 GLL Terry Francois Blvd. LLC, Wilmington, USA 15) Hannover America Private Equity Partners II 50.95 GmbH & Co. KG, Cologne, Germany Hannover Euro Private Equity Partners II GmbH & Co. KG, 100.00 Cologne, Germany 8) Hannover Euro Private Equity Partners III GmbH & Co. KG, 100.00 Cologne, Germany 8), 9) Hannover Euro Private Equity Partners IV GmbH & Co. KG, 100.00 Cologne, Germany 7), 8) Hannover Finance (Luxembourg) S.A., 100.00 Luxembourg, Luxembourg Hannover Finance (UK) Limited, 100.00 Virginia Water, United Kingdom 100.00 Hannover Finance Inc., Wilmington, USA 13) Hannover Insurance-Linked Securities GmbH & Co. KG, 100.00 Hannover, Germany Hannover Life Reassurance Africa Ltd., 100.00 Johannesburg, South Africa 16) 100.00 Hannover Re (Bermuda) Ltd., Hamilton, Bermuda 100.00 Hannover Re Advanced Solutions Ltd., Dublin, Ireland 12) Hannover Re Euro PE Holdings GmbH & Co. KG, 100.00 Cologne, Germany 100.00 Hannover Re Euro RE Holdings GmbH, Cologne, Germany 100.00 Hannover Re Real Estate Holdings Inc., Orlando, USA 13) 100.00 Hannover Reinsurance (Ireland) Ltd., Dublin, Ireland Hannover Reinsurance Africa Ltd., 100.00 Johannesburg, South Africa 16) Hannover Reinsurance Group Africa (Pty) Ltd., 100.00 Johannesburg, South Africa 13) Hannover Reinsurance Mauritius Ltd., 100.00 Port Louis, Mauritius 16) 100.00 Hannover ReTakaful B.S.C (c), Manama, Bahrain Hannover Rück Beteiligung Verwaltungs-GmbH, 100.00 Hannover, Germany 100.00 Hannover Reinsurance AG, Hannover, Germany Hannover Services (UK) Ltd., 50.22 Virginia Water, United Kingdom 100.00 HAPEP II Holding GmbH, Cologne, Germany 100.00 HAPEP II Komplementär GmbH, Cologne, Germany 100.00 HEPEP II Holding GmbH, Cologne, Germany 8) 100.00 HEPEP III Holding GmbH, Cologne, Germany 8) 100.00 HILSP Komplementär GmbH, Hannover, Germany Hospitality Industries Underwriting Consultants (Pty) Ltd., 100.00 Johannesburg, South Africa 16) 90.00 Indoc Holdings S.A., Luxembourg, Luxembourg 11), 16) Integra Insurance Solutions Limited, Bradford, 100.00 United Kingdom 74.99 Notes on the statement of income Other information 1. Subsidiaries Companies included in the IFRS consolidated financial statement List of shareholdings Share of capital 1) in % Inter Hannover (No. 1) Ltd., London, United Kingdom 100.00 International Insurance Company of Hannover Ltd., Bracknell, United Kingdom Landmark Underwriting Agency (Pty) Ltd., 100.00 Bloemfontein, South Africa 16) 75.50 Lireas Holdings (Pty) Ltd., Johannesburg, South Africa 16) 51.00 Micawber 185 (Pty) Ltd., Johannesburg, South Africa 16) MUA Insurance Acceptances (Pty) Ltd., 100.00 Cape Town, South Africa 16) 80.00 MUA Insurance Company Ltd., Cape Town, South Africa 16) 100.00 One Winthrop Square LLC, Wilmington, USA 15) Oval Office Grundstücks GmbH, 100.00 Hannover, Germany 8) 100.00 Peachtree (Pty) Ltd., Johannesburg, South Africa 11), 16) Secquaero ILS Fund Ltd., 100.00 Georgetown, Grand Cayman, Cayman Islands 100.00 SUM Holdings (Pty) Ltd., Johannesburg, South Africa 16) Thatch Risk Acceptances (Pty) Ltd., Cape Town, 72.20 South Africa 16) Transit Underwriting Managers (Pty) Ltd., 90.00 Cape Town, South Africa 16) Woodworking Risk Acceptances (Pty) Ltd., 100.00 Pietermaritzburg, South Africa 16) 60.00 Life/Health Reinsurance Hannover Life Re AG, Hannover, Germany 100.00 Hannover Life Re of Australasia Ltd., Sydney, Australia 100.00 Hannover Life Reassurance (Ireland) Ltd., Dublin, Ireland 100.00 Hannover Life Reassurance (UK) Ltd., Virginia Water, United Kingdom 100.00 Hannover Life Reassurance Bermuda Ltd., Hamilton, Bermuda 100.00 Hannover Life Reassurance Company of America, Orlando, USA 100.00 Corporate Operations Alstertor Erste Beteiligungs- und Investitionssteuerungs- GmbH & Co. KG, Hamburg, Germany 100.00 AmpegaGerling Investment GmbH, Cologne, Germany 100.00 Hannover Beteiligungsgesellschaft mbH (formerly: GERLING Beteiligungs-GmbH), Hannover, Germany 100.00 HDI Reinsurance (Ireland) Ltd., Dublin, Ireland 7), 8), 9) 100.00 HEPEP II Komplementär GmbH, Cologne, Germany 100.00 HEPEP III Komplementär GmbH, Cologne, Germany 100.00 HEPEP IV Komplementär GmbH, Cologne, Germany 100.00 Talanx Asset Management GmbH (formerly: AmpegaGerling Asset Management GmbH), Cologne, Germany 5) 100.00 Talanx Beteiligungs-GmbH & Co. KG, Hannover, Germany 6) 100.00 Talanx Finanz (Luxemburg) S. A., Luxembourg, Luxembourg 100.00 Talanx Immobilien Management GmbH (formerly: Ampega Gerling Immobilien Management GmbH), Cologne, Germany 5) 100.00 Talanx Reinsurance Broker AG (formerly: Protection Reinsurance Intermediaries AG, Hannover, Germany 5), 7), 8), 9) 100.00 Talanx Service AG, Hannover, Germany 5) 100.00 Talanx Systeme AG, Hannover , Germany 5) 100.00 Talanx Group. Annual Report 2011 289
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Group Annual Report 2011 Straightfo
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.� ,� �.� �,� Non-Life
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OuR VISION Talanx is the leading gl
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Our brands HDI-Gerling focuses part
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By contrast with the technical acco
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Dr. Heinz-Peter Roß Torsten Leue D
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Supervisory Board Committees Compos
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A further focus of our deliberation
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The annual financial statements are
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You can stand and work better on a
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Re-launch with a modern and efficie
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Forward together with a goal-orient
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under its own power and through acq
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Our targets: ambitious, but achieva
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Our premium volume has risen steadi
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Our target: to be fit for the futur
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Group management report. Detailed i
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Overall assessment of the economic
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Nature of risks Notes on the consol
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Nature of risks Notes on the balanc
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Page 241 and 242: Nature of risks Notes on the balanc
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Page 297 and 298: Our Locations Argentina L’UNION d
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Page 301 and 302: Glossary. A-C Accumulation risk Und
Page 303 and 304: L-P Lapse rate for life insurance p
Page 305 and 306: Index of key terms Acquisitions Cen
Page 307 and 308: ie Ireland. Hannover Life Re (Irela
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talanx group annual report 2011 en

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