talanx group annual report 2011 en

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290 Financial statements Notes General information 2. Special purpose entities and special funds a) Special funds included in the consolidated financial statement pursuant to IAS 27/SIC 12 Talanx Group. Annual Report 2011 Accounting principles and policies Share of fund assets 1) in % Industrial Lines Ampega-Vienna-Bonds-Fonds, Vienna, Austria 100.00 GERLING EURO-RENT 3, Cologne, Germany 100.00 Retail Germany Ampega-nl-Balanced-Fonds, Cologne 100.00 Ampega-nl-Euro-DIM-Fonds, Cologne 100.00 Ampega-nl-Global-Fonds, Cologne 100.00 Ampega-nl-Rent-Fonds, Cologne 100.00 Ampega-TAL-A-Fonds, Cologne 100.00 Gerling Immo Spezial 1, Cologne 100.00 GKL SPEZIAL RENTEN, Cologne 100.00 HDI Gerling-Sach Industrials, Cologne 100.00 HGLV-Financial, Cologne 100.00 PBVL-Corporate, Cologne 100.00 terrAssisi Aktien I AMI, Cologne 64.26 Retail International BNP-HDI Credit FI Renda Fixa Credito Privado, São Paulo, Brazil 100.00 Credit Suisse HDI RF Crédito, São Paulo, Brazil CSHG Hannover FI Multimercado Credito Privado, 100.00 São Paulo, Brazil 100.00 HSBC FI Renda Fixa Hannover, São Paulo, Brazil 100.00 HSBC Performance HDI RF Crédito, São Paulo, Brazil 100.00 UBS Pactual HDI RF Crédito, São Paulo, Brazil 100.00 Non-Life Reinsurance FRACOM FCP, Paris, France 100.00 2. Special purpose entities and special funds b) Special purpose entities included in the consolidated financial statement pursuant to IAS 27/SIC 12 Share of capital 1) in % Non-Life Reinsurance Hannover Re (Guernsey) PCC Ltd., St. Peter Port, United Kingdom 100.00 Kaith Re Ltd., Hamilton, Bermuda 88.00 Segment reporting Consolidation, business combinations 3. Associated companies recognised at equity in the consolidated financial statement Non-current assets held for sale and disposal groups Share of capital 1) in % Apulia Prontoprestito S. p. A., Rome, Italy 10) 10.60 aspect online AG, Augsburg, Germany 21.09 C-QUADRAT Investment AG, Vienna, Austria 25.56 Camargue Underwriting Managers (Pty) Ltd., Parktown, South Africa 16) 26.00 Clarendon Transport Underwriting Managers (Pty) Ltd., Johannesburg, South Africa 16) 37.33 Commercial & Industrial Acceptances (Pty) Ltd., Johannesburg, South Africa 16) 40.00 Flexible Accident & Sickness Acceptances (Pty) Ltd., Johannesburg, South Africa 16) 40.00 HANNOVER Finanz GmbH, Hannover, Germany 25.00 ITAS Vita S. p. A., Trento, Italy 34.88 neue leben Pensionsverwaltung AG, Hamburg, Deutschland 49.00 Petro Vietnam Insurance Holdings, Hanoi, Vietnam 25.00 Takafol South Africa (Pty) Ltd., Johannesburg, South Africa 16) 49.00 WeHaCo Unternehmensbeteiligungs-GmbH, Hannover, Germany 40.00 4. Associated companies not recognised at equity in the consolidated financial statement owing to subordinate importance Capital System GmbH, Hannover, Germany 49.00 Clarus Holding GmbH, Wiesbaden, Germany 25.10 Energi, Inc. (formerly: Energi Holding Inc.), Peabody, USA 28.50 Hannover Care AB, Stockholm, Sweden Hannoversch-Kölnische Handels-Beteiligungsgesellschaft 30.00 mbH & Co. KG, Hannover, Germany 50.00 PlaNet Guarantee (SAS), Saint-Ouen, France 23.58 Sciemus Power MGA Limited, London, United Kingdom VOV Verwaltungsorganisation für Vermögensschadenhaftpflicht-Versicherungen für Mitglieder von Organen 25.00 juristischer Personen GmbH, Cologne, Germany 25.00 XS Direct Holding Ltd., Dublin, Ireland 25.00 5. Joint ventures included in the consolidated financial statement pursuant to IFRS Credit Life International Services GmbH, Neuss, Germany 50.00 6. Joint ventures not included in the consolidated financial statement owing to subordinate importance nl-PS Betriebliche Vorsorge GmbH, Erlangen, Germany 50.00
Nature of risks Notes on the balance Notes on the balance sheet – assets sheet – liabilities 7. Affiliated companies not included in the consolidated financial statement pursuant to IFRS Share of capital 1) in % Bureau für Versicherungswesen Robert Gerling & Co. GmbH, Cologne, Germany 100.00 CiV Immobilien GmbH, Hilden, Germany 100.00 Clarenfin (Pty) Ldt., Johannesburg, South Africa 12) Desarollo de Consultores Profesionales 100.00 en Seguros S. A. de CV, León, Mexico Gente Compania de Soluciones Profesionales de Mexico, 100.00 S. A. de C. V., León, Mexico 100.00 Gerling Insurance Agency, Inc., Chicago, USA 100.00 Gerling Norge A/S, Oslo, Norway GERLING Sustainable Development Project-GmbH, 100.00 Cologne, Germany 100.00 Gerling-Konzern Panamericana Ltda., São Paulo, Brazil 100.00 Glencar Underwriting Managers, Inc., Itasca, USA 95.90 H. J. Roelofs Assuradeuren B. V., Rotterdam, Netherlands 100.00 Hannover Life Re Consultants, Inc., Orlando, USA Hannover Re Consulting Services India Private Limited, 100.00 Mumbai, India 100.00 Hannover Re Services Italy S. r. L., Milan, Italy 100.00 Hannover Re Services Japan, Tokyo, Japan 100.00 Hannover Re Services USA, Inc., Itasca, USA 100.00 Hannover Risk Consultants B. V., Rotterdam, Netherlands Hannover Reinsurance AG Escritorio de 100.00 Representação no Brasil Ltda., Rio de Janeiro, Brazil Hannover Services (Mexico) S. A. de C. V., 100.00 Mexico City, Mexico Hannoversch-Kölnische Beteiligungsgesellschaft mbH, 100.00 Hannover, Germany 50.00 HDI Direkt Service GmbH, Hannover, Germany HDI-Gerling Australia Insurance Company Pty., Ltd., 100.00 Sydney, Australia HDI-Gerling Schadenregulierung GmbH (formerly: HDI-Gerling Beschäftigungs- und Qualifizierungs- 100.00 gesellschaft mbH), Hannover, Germany 100.00 HDI-Gerling Services S. A., Brussels, Belgium HDI-Gerling Sicherheitstechnik GmbH, 100.00 Hannover, Germany HR Hannover Re Correduria de Reaseguros S. A., 100.00 Madrid, Spain International Hannover Holding AG, Hannover, 100.00 Germany International Mining Industry Underwriters Ltd., 100.00 London, United Kingdom 100.00 LRA Superannuation Plan Pty Ltd., Sydney, Australia 12) Mediterranean Reinsurance Services Ltd., 100.00 Hongkong, China 11) 100.00 Nassau Assekuranzkontor GmbH, Cologne, Germany Paetau Sports Versicherungsmakler GmbH, 100.00 Berlin, Germany 100.00 Scandinavian Marine Agency A/S, Oslo, Norway Shamrock Marine-Insurance Agency GmbH, 52.00 Hamburg, Germany SSV Schadenschutzverband GmbH, 100.00 Hannover, Germany 100.00 Svedea AB, Stockholm, Sweden 71.20 Notes on the statement of income Other information 7. Affiliated companies not included in the consolidated financial statement pursuant to IFRS List of shareholdings Share of capital 1) in % THS Services Versicherungsvermittlungs GmbH, Berlin, Germany 100.00 THV Versicherungsmakler GmbH, Berlin, Germany 99.00 VES Gesellschaft f. Mathematik, Verwaltung und EDV mbH, Gevelsberg, Germany 3) 100.00 8. Participating interests 2), 3) DFA Capital Management, Inc., Wilmington, USA (Capital and reserves in USD thousand: 1,177; Result before profit/loss transfer in USD thousand: –1,928) 25.37 IGEPA Gewerbepark GmbH & Co. Vermietungs KG, 2), 3) Munich, Germany (Capital and reserves in EUR thousand: –11,272; Result before profit/loss transfer in EUR thousand: 8,764) 37.50 9. Participating interests of Hannover Re in large public limited companies in respect of which the participation exceeds 5% of the voting rights (large public limited company as defined by § 341 a Commercial Code (HGB) 2), 4) Strasbourg, France Capital and reserves in EUR thousand: 8,203; Result before profit/loss transfer in EUR thousand: 226 9.38 1) The share of capital is determined by adding up all directly and indirectly held interests pursuant to § 16 Para. 2 and 4 Stock Corporation Act (AktG) 2) The figures correspond to the annual financial statements of the companies according to the applicable local law or international accounting; diverging currencies are indicated 3) Figures at financial year-end 2009 4) Figures at financial year-end 2010 5) The facilities afforded by § 264 Para. 3 Commercial Code (HGB) were utilised 6) The exemption afforded by § 264 b Commercial Code (HGB) was utilised 7) Also allocated to the Industrial Lines segment 8) Also allocated to the Retail Germany segment 9) Also allocated to the Retail International segment 10) Significant influence evidenced by board representation pursuant to IAS 28.7 (a) 11) Company is in liquidation 12) Company is inactive and does not compile an annual report 13) The company prepares its own subgroup accounts 14) Included in the subgroup accounts of Hannover Finance Inc. 15) Included in the subgroup accounts of Hannover Re Real Estate Holdings Inc. 16) Included in the subgroup accounts of Hannover Reinsurance Group Africa (Pty) Ltd. Drawn up and released for publication in Hannover, 6 March 2012 Hannover, 6 March 2012 Board of Management Haas Dr. Hinsch Leue Dr. Noth Dr. Querner Dr. Roß Wallin Talanx Group. Annual Report 2011 291
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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 243 and 244: Nature of risks Notes on the balanc
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Page 297 and 298: Our Locations Argentina L’UNION d
Page 299 and 300: Italy Hannover Re Services Italy S.
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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