talanx group annual report 2011 en

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292 Talanx Group. Annual Report 2011 Auditors’ report We have audited the consolidated financial statements prepared by Talanx Aktiengesellschaft, Hannover, comprising the consolidated balance sheet, consolidated income statement, consolidated statement of comprehensive income, consolidated statement of changes in equity, cash flow statement and notes to the consolidated financial statements, together with the group management report for the business year from 1 January to 31 December 2011. The preparation of the consolidated financial statements and the group management report in accordance with IFRS, as adopted by the EU, and the additional requirements of German commercial law pursuant to § 315a Para 1 HGB and supplementary provisions of the Articles of Incorporation are the responsibility of the parent company’s management. Our responsibility is to express an opinion on the consolidated financial statements and on the group management report based on our audit. We conducted our audit of the consolidated financial statements in accordance with § 317 HGB and German generally accepted standards for the audit of financial statements promulgated by the Institut der Wirtschaftsprüfer (IDW). Those standards require that we plan and perform the audit such that any misstatements materially affecting the presentation of the net assets, financial position and results of operations in the consolidated financial statements in accordance with the applicable financial reporting framework and in the group management report are detected with reasonable assurance. Knowledge of the business activities and the economic and legal environment of the Group and expectations as to possible misstatements are taken into account in the determination of audit procedures. The effectiveness of the accounting-related internal control system and the evidence supporting the disclosures in the consolidated financial statements and the group management report are examined primarily on a test basis within the framework of the audit. The audit includes assessing the annual financial statements of those entities included in consolidation, the determination of entities to be included in consolidation, the accounting and consolidation principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements and group management report. We believe that our audit provides a reasonable basis for our opinion. Our audit has not led to any reservations. In our opinion, based on the findings of our audit, the consolidated financial statements comply with IFRS, as adopted by the EU, the additional requirements of German commercial law pursuant to § 315a Para. 1 HGB and the supplementary provisions of the Articles of Incorporation and give a true and fair view of the net assets, financial position and results of operations of the Group in accordance with these requirements. The group management report is consistent with the consolidated financial statements and as a whole provides a suitable view of the Group’s position and appropriately presents the opportunities and risks of future development. Hannover, 6 March 2012 KPMG AG Wirtschaftsprüfungsgesellschaft Dr. Ellenbürger Husch (German Public Auditor) (German Public Auditor)
Our Locations Argentina L’UNION de Paris Compañía Argentina de Seguros S. A. Tte. Gral. J. D. Perón 650 5P (1038) Buenos Aires Telephone +54 11 5300 3305 Fax +54 11 5300 3300 Australia Hannover Life Re of Australasia Ltd Level 7 70 Phillip Street Sydney NSW 2000 Telephone +61 2 9251-6911 Fax +61 2 9251-6862 Hannover Rückversicherung AG Australian Branch – Chief Agency, Facultative Office The Re Centre, Level 21 Australia Square 264 George Street Sydney NSW 2000 Telephone +61 2 9274-3000 Fax +61 2 9274-3033 HDI-Gerling Industrie Versicherung AG Australian Branch Exchange House Level 12, 10 Bridge Street Sydney NSW 2000 Telephone +61 2 8274-4200 Fax +61 2 8274-4299 Austria HDI-Gerling Lebensversicherung AG Galaxy 21 Praterstr. 31 1020 Vienna Telephone +43 120 709-220 Fax +43 120 709-900 HDI Versicherung AG Edelsinnstr. 7–11 1120 Vienna Telephone +43 50 905-0 Fax +43 50 902-602 Bahrain ■ Hannover ReTakaful B.S.C. (c) ■ Hannover Rückversicherung AG, Bahrain Branch Al Zamil Tower 17 th floor Government Avenue Manama Center 305 Manama Telephone +973 17 214-766 Fax +973 17 214-667 Belgium HDI-Gerling Assurances S. A. Avenue de Tervuren 273 B1 1150 Brussels Telephone +32 2 7730-811 Fax +32 2 7730-950 Bermuda Hannover Life Reassurance Bermuda Ltd. Victoria Place, 2 nd floor, 31 Victoria Street Hamilton, HM 10 Telephone +1 441 2952827 Fax +1 441 2952844 Hannover Re (Bermuda) Ltd. Victoria Place, 2 nd floor, 31 Victoria Street Hamilton, HM 10 Telephone +1 441 2943110 Fax +1 441 2967568 Brazil Hannover Rückversicherung AG Escritório de Representação no Brasil Ltda. Praça Floriano, 19/1701 CEP 20 031 050 Rio de Janeiro Telephone +55 21 2217 9500 Fax +55 21 2217 9515 HDI Seguros S. A. Avenida Eng. Luís Carlos Berrini 901–5° andar 04571-010 São Paulo-SP Telephone +55 11 550 519-95 Fax +55 11 550 515-11 Bulgaria HDI Zahstrahovane AD G.S. Rakovski No 99 1000 Sofia Telephone +359 2 930-9050 Fax +359 2 987-9167 Canada Hannover Rückversicherung AG Canadian Branch – Chief Agency 3650 Victoria Park Avenue, Suite 201 Toronto, Ontario M2H 3P7 Telephone +1 416 496-1148 Fax +1 416 496-1089 Hannover Rückversicherung AG Canadian Branch – Facultative Office 130 King St, West, Suite 2125 Toronto, Ontario M5X 1A4 Telephone +1 416 867-9712 Fax +1 416 867-9728 Talanx Group. Annual Report 2011 HDI-Gerling Industrie Versicherung AG Canadian Branch Suite 1900 – 181 University Avenue Toronto, Ontario M5H 3M7 Chile HDI Seguros S. A. Encomenderos 113 Las Condes/Santiago Telephone +56 2 422 9000 Fax +56 2 422 9400 China Hannover Rückversicherung AG Hong Kong Branch 2008 Sun Hung Kai Centre 30 Harbour Road Wan Chai, Hong Kong Telephone +852 2519 3208 Fax +852 2588 1136 Hannover Rückversicherung AG Shanghai Branch Suite 3307, China Fortune Tower 1568 Century Boulevard Pudong 200122 Shanghai Telephone +86 21 5081-9585 Fax +86 21 5820-9396 HDI-Gerling Industrie Versicherung AG Hong Kong Branch Room 5202, Central Plaza 18, Harbour Road Wan Chai, Hong Kong Telephone +852 25 98-8338 Fax +852 25 98-8838 Colombia Hannover Rückversicherung AG Bogotá Representative Office Carrera 9 No. 77–67 Floor 5 Centro Empresarial 98 Bogotá Telephone +57 1 6420066-200 Fax +57 1 6420273 Czech Republic HDI Versicherung AG Czech Republic Branch Jugoslávská 29 120 00 Praha 2 Telephone +420 2 2019 0210 Fax +420 2 2019 0299 293
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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 245 and 246: Nature of risks Notes on the balanc
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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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