List of shareholdings for the consolidated financial statements of Talanx AG pursuant to § 313 Para. 2 German Commercial Code (HGB)

N160 SHAREHOLDINGS
   
    1. Subsidiaries
Companies included in the consolidated financial statements
Share of capital
in % 1)
  Equity capital
in TEUR 2)
  Earnings before
profit transfer
in TEUR 2)
  Industrial Lines          
  HDI Gerling Insurance of South Africa Ltd., Johannesburg, South Africa 18) 100.00 ZAR 43,108 ZAR 2,272
  HDI HANNOVER International España, Cía de Seguros y Reaseguros S. A., Madrid, Spain 18) 100.00   52,829   8,635
  HDI Versicherung AG, Vienna, Austria 18) 100.00   40,937   6,295
  HDI-Gerling America Insurance Company, Chicago, USA 18) 100.00 USD 132,209 USD 12,017
  HDI-Gerling Assurances S. A., Brussels, Belgium 18) 100.00   36,630   5,325
  HDI-Gerling Assurances S. A. Luxembourg, Luxembourg, Luxembourg 18) 100.00   7,414   1,531
  HDI-Gerling de Mexico Seguros S. A., Mexico City, Mexico 18) 100.00 MXN 89,632 MXN –6,531
  HDI-Gerling Industrie Versicherung AG, Hannover, Germany 18), 28) 100.00   406,536   81,637
  HDI-Gerling Verzekeringen N. V., Rotterdam, Netherlands 18) 100.00   127,422   –1,584
  HDI-Gerling Welt Service AG, Hannover, Germany 18), 28) 100.00   91,378   –74
  HG-I AI USD Beteiligungs-GmbH & Co. KG, Cologne, Germany 15) 100.00    
  HG-I Alternative Investments Beteiligungs-GmbH & Co. KG, Cologne, Germany 18) 100.00   104,786   7,756
  IVEC Institutional Venture and Equity Capital AG, Cologne, Germany 18) 100.00   131,633   5,766
  Riethorst Grundstückgesellschaft AG & Co. KG, Hannover, Germany 4), 6), 18) 100.00   173,325   4,886
  Retail Germany          
  Alstertor Zweite Beteiligungs- und Investitionssteuerungs-GmbH & Co. KG, Hamburg 18) 100.00   28,202  
  CiV Grundstücksgesellschaft mbH & Co. KG, Hilden 4), 18) 100.00   24,878   –229
  Credit Life International Lebensversicherung AG, Hilden 24), 28) 100.00   7,496   –185
  Credit Life International Versicherung AG, Hilden 24), 28) 100.00   4,944   –227
  GERLING Pensionsenthaftungs- und Rentenmanagement GmbH, Cologne 18) 100.00   3,803   –827
  HDI Kundenservice AG, Cologne 3), 18), 28) 100.00   149   5
  HDI Lebensversicherung AG, Cologne 24) 100.00   401,547   6,000
  HDI Pensionsfonds AG, Cologne 24) 100.00   5,601   74
  HDI Pensionskasse AG, Cologne 18) 100.00   29,448   1,200
  HDI Versicherung AG, Hannover 18), 28) 100.00   321,907   –17,293
  HDI Vertriebs AG, Hannover 3), 18), 28) 100.00   4,083   138
  HDI-Gerling Friedrich Wilhelm Rückversicherung AG, Cologne 24) 100.00   858,709   71,722
  HNG Hannover National Grundstücksverwaltung GmbH & Co KG, Hannover 4), 18) 100.00   46,296   –554
  neue leben Holding AG, Hamburg 18) 67.50   76,022   20,401
  neue leben Lebensversicherung AG, Hamburg 24), 28) 100.00   51,527   18,210
  neue leben Unfallversicherung AG, Hamburg 24), 28) 100.00   3,596   3,867
  PB Lebensversicherung AG, Hilden 24), 28) 100.00   57,715   24,800
  PB Pensionsfonds AG, Hilden 24), 28) 100.00   5,038   582
  PB Pensionskasse AG, Hilden 24) 100.00   6,457   74
  PB Versicherung AG, Hilden 24) 100.00   10,977   4,507
  Talanx Deutschland AG, Hannover 3), 18), 28) 100.00   2,386,981   15,690
  Talanx Deutschland Bancassurance Communication Center GmbH, Hilden 3), 18), 28) 100.00   630   750
  Talanx Deutschland Bancassurance GmbH, Hilden 3), 18), 28) 100.00   1,089,419   84,239
  Talanx Deutschland Bancassurance Kundenservice GmbH, Hilden 3), 18), 28) 100.00   75   –286
  Talanx Pensionsmanagement AG, Cologne 3), 18), 28) 100.00   6,414   –340
  TARGO Lebensversicherung AG, Hilden 24), 28) 100.00   76,249   42,594
  TARGO Versicherung AG, Hilden 24), 28) 100.00   9,492   14,505
  TD Real Assets GmbH & Co. KG, Cologne 18) 100.00   90   –9
  TD-BA Private Equity GmbH & Co. KG, Cologne 18) 100.00   11,607   –24
  TD-BA Private Equity Sub GmbH, Cologne 18) 100.00   9,107   –48
  TD-Sach Private Equity GmbH & Co. KG, Cologne 18) 100.00   9,109   7,792
  Retail International          
  ASPECTA Assurance International Luxembourg S. A., Luxembourg, Luxembourg 18) 100.00   8,772   247
  CiV Hayat Sigorta A. Ş., Istanbul, Turkey 18) 100.00 TRY 14,495 TRY 1,215
  Gente Compañia de Soluciones Profesionales de México, S. A. de C. V., León, Mexico 18) 100.00 MXN 22,101 MXN 4,492
  HDI Assicurazioni S. p. A., Rome, Italy 18) 100.00   168,199   28,758
  HDI Immobiliare S. r. L., Rome, Italy 18) 100.00   66,106   285
  HDI Seguros S. A. de C. V., León, Mexico 18) 99.76 MXN 556,683 MXN 113,757
  HDI Seguros S. A., Montevideo, Uruguay 18) 100.00 UYU 111,920 UYU 10,317
  HDI Seguros S. A., Santiago, Chile 18) 100.00 CLP 7,652,730 CLP 717,903
  HDI Seguros S. A., Buenos Aires, Argentina 18) 100.00 ARS 117,619 ARS 20,508
  HDI Seguros S. A., São Paulo, Brazil 18) 100.00 BRL 743,842 BRL 68,996
  HDI Sigorta A. Ş., Istanbul, Turkey 18) 100.00 TRY 50,830 TRY –45,914
  HDI STRAKHUVANNYA (Ukraine), Kiev, Ukraine 18) 99.29 UAH 95,302 UAH –196
  HDI Zastrahovane AD, Sofia, Bulgaria 18) 94.00 BGL 7,303 BGL 327
  InChiaro Assicurazioni S. p. A., Rome, Italy 18) 51.00   6,110   391
  InLinea S. p. A., Rome, Italy 18) 70.00   889   106
  Inversiones HDI Limitada, Santiago, Chile 18) 100.00 CLP 13,100,687 CLP 406,200
  Joint-stock Company Towarzystwo Ubezpieczeń EUROPA.UA, Lviv, Ukraine 18) 100.00 UAH 9,658 UAH –1,224
  Joint-stock Company Towarzystwo Ubezpieczeń EUROPA.UA Życie, Lviv, Ukraine 18) 100.00 UAH 17,615 UAH 1,292
  Magyar Posta Biztosító Részvénytársaság, Budapest, Hungary 18) 66.93 HUF 1,847,518 HUF 85,413
  Magyar Posta Életbiztosító Részvénytársaság, Budapest, Hungary 18) 66.93 HUF 3,998,108 HUF 710,658
  OOO Strakhovaya Kompaniya „HDI Strakhovanie“, Moscow, Russia 18) 100.00 RUB 177,622 RUB 10,038
  OOO Strakhovaya Kompaniya CiV Life, Moscow, Russia 18) 100.00 RUB 601,017 RUB 309,495
  Open Life Towarzystwo Ubezpieczeń Życie S. A., Warsaw, Poland 18) 51.00 PLN 97,580 PLN 22,894
  Protecciones Esenciales S. A., Buenos Aires, Argentina 17) 100.00 ARS 107,870 ARS 13,735
  Saint Honoré Iberia S. L., Madrid, Spain 18) 100.00   142   –43
  Talanx International AG, Hannover, Germany 3), 24), 28) 100.00   1,668,846   50,907
  Towarzystwo Ubezpieczeń i Reasekuracji WARTA S. A., Warsaw, Poland 18) 75.74 PLN 1,933,761 PLN 262,735
  Towarzystwo Ubezpieczeń na Życie „WARTA“ S. A., Warsaw, Poland 18) 100.00 PLN 41,051 PLN –3,940
  Towarzystwo Ubezpieczeń Europa S. A., Wroclaw, Poland 18) 50.00 PLN 664,711 PLN 66,923
  Towarzystwo Ubezpieczeń na Życie Europa S. A., Wroclaw, Poland 18) 100.00 PLN 625,216 PLN 59,988
  Non-Life Reinsurance          
  11 Stanwix, LLC, Wilmington, USA 12), 23), 25) 100.00 USD 35,616 USD 2,976
  1225 West Washington, LLC, Washington, USA 12), 23), 25) 100.00 USD 23,430 USD 1,628
  300 South Orange Avenue, LLC, Wilmington, USA 12), 23), 25) 100.00 USD 55,550 USD 646
  402 Santa Monica Blvd, LLC, Wilmington, USA 12), 23), 25) 100.00 USD 29,353 USD –5
  5115 Sedge Corporation, Chicago, USA 9), 12), 23), 25) 100.00 USD 723 USD 1,108
  975 Carroll Square, LLC, Washington, USA 12), 23), 25) 100.00 USD 58,424 USD 1,904
  Akvamarin Beta, s. r. o., Prague, Czech Republic 14), 24) 100.00 CZK 80,092 CZK –28,786
  Atlantic Capital Corporation, Wilmington, USA 9), 11), 23), 25), 27) 100.00 USD –111,867 USD
  Broadway 101, LLC, Orlando, USA 12), 23), 25) 100.00 USD 28,777 USD 506
  Cargo Transit Insurance (Pty) Ltd., Helderkruin, South Africa 13), 23) 80.00 ZAR –4,499 ZAR
  Compass Insurance Company Ltd., Johannesburg, South Africa 13), 23) 100.00 ZAR 125,761 ZAR –33,816
  Construction Guarantee (Pty.) Ltd., Parktown, South Africa 9), 13), 23) 60.00 ZAR ZAR
  E+S Rückversicherung AG, Hannover, Germany 24) 63.69   645,413   72,000
  Envirosure Underwriting Managers (Pty.) Ltd., Durban, South Africa 13), 23) 60.00 ZAR 40 ZAR 455
  Film & Entertainment Underwriters S. A. (Pty). Ltd., Northcliff, South Africa 13), 23) 51.00 ZAR –1,992 ZAR –548
  FUNIS GmbH & Co. KG, Hannover, Germany 21) 100.00   25,955   1,603
  Garagesure Consultants and Acceptances (Pty) Ltd., Johannesburg, South Africa 13), 23) 70.00 ZAR 1,468 ZAR 1,689
  Gem & Jewel Acceptances (Pty) Ltd., Johannesburg, South Africa 13), 23) 60.00 ZAR 914 ZAR –60
  Glencar Underwriting Managers, Inc., Chicago, USA 18) 49.00 USD 3,013 USD 1,224
  GLL HRE Core Properties LP, Wilmington, USA 12), 23), 25) 99.90 USD 221,729 USD 22,920
  GLL Terry Francois Blvd, LLC, Wilmington, USA 9), 12), 23), 25) 50.95 USD USD
  Hannover America Private Equity Partners II GmbH & Co. KG, Hannover, Germany 24) 100.00   193,624   23,068
  Hannover Euro Private Equity Partners II GmbH & Co. KG, Cologne, Germany 6), 24) 100.00   7,809   4,510
  Hannover Euro Private Equity Partners III GmbH & Co. KG, Cologne, Germany 5), 6), 24) 100.00   37,688   2,790
  Hannover Euro Private Equity Partners IV GmbH & Co. KG, Cologne, Germany 5), 6), 24) 100.00   58,021   2,945
  Hannover Finance (Luxembourg) S. A., Luxembourg, Luxembourg 24) 100.00   25,524   –4,891
  Hannover Finance (UK) Limited, Virginia Water, Great Britain 24) 100.00 GBP 110,825 GBP –15
  Hannover Finance, Inc., Wilmington, USA 10), 23), 25) 100.00 USD 506,686 USD 9,104
  Hannover Insurance-Linked Securities GmbH & Co. KG, Hannover, Germany 21) 100.00   5,935   2,924
  Hannover Life Reassurance Africa Ltd., Johannesburg, South Africa 13), 23) 100.00 ZAR 530,616 ZAR 203,310
  Hannover Re (Bermuda) Ltd., Hamilton, Bermuda 24) 100.00   1,029,006   170,196
  Hannover Re Euro PE Holdings GmbH & Co. KG, Hannover, Germany 24) 100.00   134,474   2,909
  Hannover Re Euro RE Holdings GmbH, Hannover, Germany 24) 100.00   633,815   6,170
  Hannover Re Real Estate Holdings, Inc., Orlando, USA 10), 24), 25) 100.00 USD 426,139 USD 18,920
  Hannover Reinsurance Africa Ltd., Johannesburg, South Africa 13), 23) 100.00 ZAR 752,920 ZAR 96,423
  Hannover Reinsurance Group Africa (Pty) Ltd., Johannesburg, South Africa 10), 23) 100.00 ZAR 209,906 ZAR 129,888
  Hannover Reinsurance Mauritius Ltd., Port Louis, Mauritius 13), 23) 100.00 MUR 48,048 MUR –2,130
  Hannover ReTakaful B. S. C. (c), Manama, Bahrain 24) 100.00 BHD 45,880 BHD 4,810
  Hannover Rück Beteiligung Verwaltungs-GmbH, Hannover, Germany 24), 28) 100.00   2,071,855   210,032
  Hannover Rück SE (formerly: Hannover Rückversicherung AG), Hannover, Germany 24) 50.22   1,837,716   367,162
  Hannover Services (UK) Ltd., Virginia Water, Great Britain 24) 100.00 GBP 603 GBP –63
  HAPEP II Holding GmbH, Hannover, Germany 24) 100.00   13,834   4,373
  HAPEP II Komplementär GmbH, Hannover, Germany 24) 100.00   28   3
  HEPEP II Holding GmbH, Cologne, Germany 24) 100.00   3,605   526
  HEPEP III Holding GmbH, Cologne, Germany 24) 100.00   7,672   579
  HILSP Komplementär GmbH, Hannover, Germany 21) 100.00   25   –1
  Hospitality Industrial and Commercial Underwriting Managers (Pty) Ltd., Johannesburg, South Africa 13), 23) 90.00 ZAR 1,534 ZAR 1,860
  HR GLL Central Europe GmbH & Co. KG, Munich, Germany 10), 24) 99.99   175,644   538
  HR GLL Central Europe Holding GmbH, Munich, Germany 14), 24) 100.00   61,950   –75
  HR GLL CDG Plaza S. r. L., Bucharest, Romania 14), 24) 100.00 RON 171,895 RON –3,605
  HR GLL Europe Holding S. à r. l., Luxembourg, Luxembourg 14), 24) 100.00   38,877   –3
  HR GLL Griffin House Sp. z. o. o., Warsaw, Poland 14), 24) 100.00 PLN 43,289 PLN –293
  HR GLL Liberty Corner Sp. z. o. o., Warsaw, Poland 14), 24) 100.00 PLN 51,946 PLN 214
  HR GLL Roosevelt Kft, Budapest, Hungary 14), 24) 100.00 HUF 547,772 HUF 547,722
  Integra Insurance Solutions Limited, Bradford, Great Britain 18) 74.99 GBP 1,984 GBP 975
  Inter Hannover (No. 1) Ltd., London, Great Britain 18) 100.00 GBP –29 GBP –26
  International Insurance Company of Hannover Plc (formerly: International Insurance Company of Hannover Ltd.), London, Great Britain 24) 100.00 GBP 143,427 GBP –6,005
  Landmark Underwriting Agency (Pty) Ltd., Bloemfontein, South Africa 13), 23) 75.50 ZAR 1,096 ZAR –1,450
  Leine Investment General Partner S. à r. l., Luxembourg, Luxembourg 24), 25) 100.00   38   17
  Leine Investment SICAV-SIF, Luxembourg, Luxembourg 24), 25) 100.00 USD 15,547 USD 847
  Lireas Holdings (Pty) Ltd., Johannesburg, South Africa 13), 23) 51.00 ZAR 176,476 ZAR 18,990
  Micawber 185 (Pty) Ltd., Johannesburg, South Africa 13), 23) 100.00 ZAR 20,955 ZAR 2,979
  MUA Insurance Acceptances (Pty) Ltd., Cape Town, South Africa 13), 23) 80.00 ZAR 10,142 ZAR 11,934
  MUA Insurance Company Ltd., Cape Town, South Africa 13), 23) 100.00 ZAR 7,043 ZAR –3,289
  Nashville (Tennessee) West, LLC, Wilmington, USA 12), 23), 25) 100.00 USD 32,558 USD 3,446
  One Winthrop Square, LLC, Wilmington, USA 9), 12), 23), 25) 100.00 USD –1,280 USD 11,979
  Oval Office Grundstücks GmbH, Hannover, Germany 6), 24) 100.00   59,411   1,554
  Peachtree (Pty) Ltd., Parktown, South Africa 9), 13), 23) 100.00 ZAR ZAR
  River Terrace Parking, LLC, New York, USA 12), 23), 25) 100.00 USD 23,118 USD 94
  SUM Holdings (Pty) Ltd., Johannesburg, South Africa 13), 23) 72.20 ZAR 16,377 ZAR 3,484
  Svedea AB, Stockholm, Sweden 18) 53.00 SEK 4,639 SEK –44,881
  Thatch Risk Acceptances (Pty) Ltd., Cape Town, South Africa 13), 23) 90.00 ZAR 1,082 ZAR 815
  Transit Underwriting Managers (Pty) Ltd., Cape Town, South Africa 13), 23) 90.00 ZAR 880 ZAR –111
  Woodworking Risk Acceptances (Pty) Ltd., Pietermaritzburg, South Africa 13), 23) 60.00 ZAR 1,790 ZAR 2,249
  Life/Health Reinsurance          
  Hannover Life Re AG, Hannover, Germany 24), 28) 100.00   1,705,385   90,038
  Hannover Life Re of Australasia Ltd., Sydney, Australia 24) 100.00 AUD 451,097 AUD 37,827
  Hannover Life Reassurance Bermuda Ltd., Hamilton, Bermuda 24) 100.00   283,004   35,439
  Hannover Life Reassurance Company of America, Orlando, USA 24) 100.00 USD 196,874 USD 23,228
  Hannover Re (Ireland) Ltd. (formerly: Hannover Re [Ireland] Public Limited Company), Dublin, Ireland 24) 100.00   1,361,245   67,638
  Corporate Operations          
  Alstertor Erste Beteiligungs- und Investitionssteuerungs-GmbH & Co. KG, Hamburg, Germany 18) 100.00   4,178   578
  Ampega Investment GmbH (formerly: AmpegaGerling Investment GmbH), Cologne, Germany 18), 28) 100.00   7,936   10,112
  Hannover Beteiligungsgesellschaft mbH, Hannover, Germany 18) 100.00   3,557   –2,145
  HEPEP II Komplementär GmbH, Cologne, Germany 24) 100.00   37   1
  HEPEP IV Komplementär GmbH, Cologne, Germany 24) 100.00   20   1
  Talanx Asset Management GmbH, Cologne, Germany 3), 18), 28) 100.00   83,600   40,495
  Talanx Beteiligungs-GmbH & Co. KG, Hannover, Germany 4), 18) 100.00   90,885   10,897
  Talanx Finanz (Luxemburg) S. A., Luxembourg, Luxembourg 18) 100.00   9,223   2,392
  Talanx Immobilien Management GmbH, Cologne, Germany 3), 18), 28) 100.00   2,837   650
  Talanx Reinsurance (Ireland) Ltd., Dublin, Ireland 5), 6), 7), 18) 100.00   117   2
  Talanx Reinsurance Broker GmbH (formerly: Talanx Reinsurance Broker AG), Hannover, Germany 3), 5), 6), 7), 18), 28) 100.00   402   15,628
  Talanx Service AG, Hannover, Germany 3), 18), 28) 100.00   1,746   –690
  Talanx Systeme AG, Hannover, Germany 3), 18), 28) 100.00   140   –50
  TAM AI Komplementär GmbH, Cologne, Germany 18) 100.00   24   –1
    
   2. Special purpose entities and special funds
a) Special funds included in the consolidated financial statements pursuant to IAS 27/SIC-12
Share of fund
assets in % 1)
  Fund assets
in TEUR 2)
  Change in fund
assets, incl.
cash inflows
and outflows
in TEUR 2)
  Industrial Lines          
  Ampega-Vienna-Bonds-Fonds, Vienna, Austria 17) 100.00   293,631   23,055
  EURO RENT 3 Master (formerly: GERLING EURO-RENT 3), Cologne, Germany 17) 100.00   876,268   201,258
  HG-I Aktien VC Dynamic, Cologne, Germany 15) 100.00    
  HG-I Aktien VC Strategie, Cologne, Germany 17) 100.00   42,512   42,512
  HG-I Commodity Strategie, Cologne, Germany 17) 100.00   38,569   38,569
  HG-I Real Estate EURO, Cologne, Germany 17) 100.00   4   4
  Retail Germany          
  Ampega-nl-Euro-DIM-Fonds, Cologne 17) 100.00   486,898   47,870
  Ampega-nl-Global-Fonds, Cologne 17) 100.00   41,256   315
  Ampega-nl-Rent-Fonds, Cologne 17) 100.00   555,352   38,836
  Gerling Immo Spezial 1, Cologne 17) 100.00   267,536   4,645
  GKL SPEZIAL RENTEN, Cologne 17) 100.00   704,055   103,124
  HDI-Gerling Sach Industrials, Cologne 17) 100.00   251,060   15,652
  HGLV-Financial, Cologne 17) 100.00   1,244,050   177,961
  HLV 1, Cologne 15) 100.00    
  HLV 2 Master, Cologne 15) 100.00    
  HPK 1, Cologne 15) 100.00    
  HV 1, Cologne 15) 100.00    
  NL Master, Cologne 15) 100.00    
  PBL 1, Cologne 15) 100.00    
  PBL 2 Master, Cologne 15) 100.00    
  PBVL-Corporate, Cologne 17) 100.00   122,625   9,869
  Tal 1, Cologne 15) 100.00    
  Tal 2 Master, Cologne 15) 100.00    
  Talanx Deutschland Real Estate Value, Cologne 17) 100.00   4   4
  TAL-Corp (formerly: TAL-Corp Rentenspezial), Cologne 17) 100.00   34,443   2,800
  Retail International          
  BNP-HDI Credit FI Renda Fixa Crédito Privado, São Paulo, Brazil 17) 100.00 BRL 105,390 BRL 22,434
  Credit Suisse HDI RF Crédito, São Paulo, Brazil 17) 100.00 BRL 114,682 BRL 56,723
  Fundo Invest Cotas Fundos Invest Multimercado Cred Priv HDI Estrategia, São Paulo, Brazil 17) 100.00 BRL 28,572 BRL 28,572
  Fundo Invest Renda Fixa Crédito Privado JPM HDI BRASIL, São Paulo, Brazil 17) 100.00 BRL 30,089 BRL 30,089
  HSBC FI Renda Fixa Hannover, São Paulo, Brazil 17) 100.00 BRL 165,526 BRL 35,805
  HSBC Performance HDI RF Crédito, São Paulo, Brazil 17) 100.00 BRL 85,515 BRL 6,837
  KBC ALFA Specjalistyczny Fundusz Inwestycyjny Otwarty, Warsaw, Poland 17) 100.00 PLN 1,437,230 PLN 12,417
  TORONY Ingatlan Befektetési Alap, Budapest, Hungary 15) 70.00 HUF HUF
  UBS Pactual HDI RF Crédito, São Paulo, Brazil 17) 100.00 BRL 89,309 BRL 7,337
  Non-Life Reinsurance          
  FRACOM FCP, Paris, France 22) 100.00   1,039,751   26,314
  Corporate Operations          
  Ampega Real Estate Value 3, Cologne, Germany 17) 100.00   4   4
     
    2. Special purpose entities and special funds
b) Special purpose entities included in the consolidated financial statements pursuant to IAS 27/SIC-12
Share of capital in % 1)   Equity capital
in TEUR 2)
  Earnings before
profit transfer
in TEUR 2)
  Non-Life Reinsurance          
  Hannover Re (Guernsey) PCC Ltd., St. Peter Port, Guernsey 24) 100.00   181   –37
  Kaith Re Ltd., Hamilton, Bermuda 24) 88.00 USD 739 USD –356
   
  3. Associated companies recognised using equity method in the consolidated financial statements Share of capital in % 1)   Equity capital
in TEUR 2)
  Earnings before
profit transfer
in TEUR 2)
  ASPECTA Assurance International AG, Vaduz, Liechtenstein 18) 30.00 CHF 17,594 CHF 7,177
  Camargue Underwriting Managers (Pty) Ltd., Parktown, South Africa 13), 24) 26.00 ZAR 11,026 ZAR 7,615
  Clarendon Transport Underwriting Managers (Pty) Ltd., Johannesburg, South Africa 13), 24) 32.66 ZAR 16,593 ZAR 27,567
  Commercial & Industrial Acceptances (Pty) Ltd., Johannesburg, South Africa 13), 24) 40.00 ZAR 3,894 ZAR 14,934
  C-QUADRAT Investment AG, Vienna, Austria 18) 25.10   28,549   239
  Firedart & Construction Guarantee Underwriting Managers (Pty) Ltd., Johannesburg, South Africa 13), 24) 49.90 ZAR 9,403 ZAR 3,082
  HANNOVER Finanz GmbH, Hannover, Germany 18) 27.78   69,697   6,281
  ITAS Vita S. p. A., Trient, Italy 18) 34.88   80,468   4,114
  neue leben Pensionsverwaltung AG, Hamburg, Germany 18) 49.00   15,913   –73
  Petro Vietnam Insurance Holdings, Hanoi, Vietnam 18) 31.82 VND 5,999,892,009 VND 396,980,645
  Synergy Targeted Risk Solutions (Pty) Ltd., Johannesburg, South Africa 13), 24) 20.00 ZAR 941 ZAR –165
  transparo AG, Augsburg, Germany 20) 22.50   25,790   –6,450
  WeHaCo Unternehmensbeteiligungs-GmbH, Hannover, Germany 18) 40.00   76,483   10,358
   
  4. Associated companies not recognised using equity method in the consolidated financial statements Share of capital in % 1)   Equity capital
in TEUR 2)
  Earnings before
profit transfer
in TEUR 2)
  Energi, Inc., Peabody, USA 18) 28.50 USD 6,773 USD –205
  Hannoversch-Kölnische Beteiligungsgesellschaft mbH, Hannover, Germany 18) 50.00   26  
  Hannoversch-Kölnische Handels-Beteiligungsgesellschaft mbH & Co. KG, Hannover, Germany 18) 50.00   28,329   1,070
  Iconica Business Services Limited, Bradford, Great Britain 17) 25.01 GBP –1 GBP –2
  VOV Verwaltungsorganisation für Vermögensschadenhaftpflicht-Versicherungen für Mitglieder von Organen juristischer Personen GmbH, Cologne, Germany 18) 35.25   1,547   218
  WetterProtect GmbH, Hildesheim, Germany 18) 41,86     –45
  XS Direct Holding Ltd., Dublin, Ireland 18) 25,00   2.398   657
   
  5. Joint ventures included in the consolidated financial statements using equity method Share of capital in % 1)   Equity capital
in TEUR 2)
  Earnings before
profit transfer
in TEUR 2)
  Magma HDI General Insurance Company Limited, Calcutta, India 18) 25.50 INR 2,065 INR –16
   
  6. Joint ventures not included in the consolidated financial statements owing to subordinate importance Share of capital in % 1)   Equity capital
in TEUR 2)
  Earnings before
profit transfer
in TEUR 2)
  Ampega C-QUADRAT Fondsmarketing GmbH, Frankfurt, Germany 18) 50.00   303   13
  C-QUADRAT Ampega Asset Management Armenia LLC, Yerevan, Armenia 15) 25.10    
  Credit Life International Services GmbH, Neuss, Germany 18) 50.00   61   1
  nl-PS Betriebliche Vorsorge GmbH, Erlangen, Germany 18) 50.00   –1,018   –987
   
  7. Affiliated companies not included in the consolidated financial statements pursuant to IFRS owing to subordinate importance Share of capital in % 1)   Equity capital
in TEUR 2)
  Earnings before
profit transfer
in TEUR 2)
  Bureau für Versicherungswesen Robert Gerling & Co. GmbH, Cologne, Germany 18), 28) 100.00   26   –18
  CiV Immobilien GmbH, Hilden, Germany 18) 100.00   30  
  Desarollo de Consultores Profesionales en Seguros S. A. de CV, León, Mexico 18) 100.00 MXN 146 MXN 47
  Gerling Insurance Agency, Inc., Chicago, USA 8) 100.00 USD USD
  Gerling Norge A/S, Oslo, Norway 18) 100.00 NOK 258 NOK 10
  GERLING Sustainable Development Project-GmbH i. L., Cologne, Germany 9), 18) 100.00   52   –5
  H. J. Roelofs Assuradeuren B. V., Rotterdam, Netherlands 18) 100.00   917   44
  Hannover Life Re Consultants, Inc., Orlando, USA 24) 100.00 USD 205 USD
  Hannover Re Consulting Services India Private Limited, Mumbai, India 19) 100.00 INR 68,929 INR 10,309
  Hannover Re Risk Management Services India Private Limited, New Delhi, India 15) 100.00 INR INR
  Hannover Re Services Italy S. r. L., Milan, Italy 23) 100.00 EUR 651 EUR 133
  Hannover Re Services Japan, Tokyo, Japan 24) 100.00 JPY 96,577 JPY 2,231
  Hannover Re Services USA, Inc., Itasca, USA 23) 100.00 USD 898 USD 24
  Hannover Risk Consultants B. V., Rotterdam, Netherlands 18) 100.00   –686   55
  Hannover Rück SE Escritório de Representação no Brasil Ltda., Rio de Janeiro, Brazil 18) 100.00 BRL 1,234 BRL 260
  Hannover Services (Mexico) S. A. de C. V., Mexico City, Mexico 18) 100.00 MXN 9,321 MXN –1,456
  HDI Direkt Service GmbH, Hannover, Germany 18), 28) 100.00   51   –307
  HDI-Gerling Participações Ltda., São Paulo, Brazil 15) 100.00 BRL BRL
  HDI-Gerling Schadenregulierung GmbH, Hannover, Germany 18), 28) 100.00   25   –4
  HDI-Gerling Services S. A., Brussels, Belgium 16) 100.00   170   57
  HDI-Gerling Sicherheitstechnik GmbH, Hannover, Germany 18), 28) 100.00   2,892  
  HDI-Gerling Welt Service AG Escritório de Representação no Brasil Ltda., São Paulo, Brazil 18) 100.00 BRL 324 BRL –180
  HEPEP III Komplementär GmbH, Cologne, Germany 24) 100.00   18   1
  HR Hannover Re Correduria de Reaseguros S. A., Madrid, Spain 24) 100.00   301   35
  International Hannover Holding AG, Hannover, Germany 24) 100.00   42   –3
  International Mining Industry Underwriters Ltd., London, Great Britain 24) 100.00 GBP 552 GBP 63
  L&E Holdings Limited, London, Great Britain 18) 100.00 GBP 5 GBP 82
  London & European Title Insurance Services Limited, London, Great Britain 18) 100.00 GBP 79 GBP –248
  LRA Superannuation Plan Pty Ltd., Sydney, Australia 8) 100.00 AUD AUD
  Mediterranean Reinsurance Services Ltd., Hong Kong, China 9), 23), 26) 100.00 USD 125 USD
  Nassau Assekuranzkontor GmbH, Cologne, Germany 18), 28) 100.00   –7   –32
  Scandinavian Marine Agency A/S, Oslo, Norway 18) 52.00 NOK 7,190 NOK 2,011
  Shamrock Marine-Insurance Agency GmbH, Hamburg, Germany 18), 28) 100.00   25   –67
  SSV Schadenschutzverband GmbH, Hannover, Germany 18), 28) 100.00   200   508
  Talanx Direct Infrastructure 1 GmbH, Cologne, Germany 15) 100.00    
  VES Gesellschaft f. Mathematik, Verwaltung und EDV mbH, Gevelsberg, Germany 18), 28) 100.00   195   –1,332
   
  8. Participating interests Share of capital in % 1)   Equity capital
in TEUR 2)
  Earnings before
profit transfer
in TEUR 2)
  DFA Capital Management, Inc., Wilmington, USA 16) 25.37 USD 494 USD –1,060
  IGEPA Gewerbepark GmbH & Co. Vermietungs KG, Munich, Germany 18) 37.50   20,550   8,156
  Secquaero ILS Fund Ltd., Georgetown, Cayman Islands 18), 25) 21.04 USD 73,651 USD 2,884
  Secquaero Re Vinyard IC Ltd., St. Peter Port, Guernsey 24) 100.00 USD 35,116 USD 3,612
   
    9. Participating interests in large public limited companies in respect of which the participation exceeds 5% of the voting rights Share of capital in % 1)   Equity capital
in TEUR 2)
  Earnings before
profit transfer
in TEUR 2)
  Acte Vie S. A. Compagnie d’Assurances sur la Vie et de Capitalisation, Strasbourg, France 18) 9.38   8,482   168
  Extremus Versicherungs-AG, Cologne, Germany 18) 13.00   67,240   6,000
  MLP AG, Wiesloch, Germany 18) 9.48   400,015   48,691
  Swiss Life Holding AG, Zurich, Switzerland 18) 5.03 CHF 4,712,000 CHF 106,000
  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 applicable local law or international accounting; diverging currencies are indicated
3) The relief afforded by § 264 Para. 3 German Commercial Code (HGB) was utilised
4) The exemption afforded by § 264b German Commercial Code (HGB) was utilised
5) Also allocated to the Industrial Lines segment
6) Also allocated to the Retail Germany segment
7) Also allocated to the Retail International segment
8) Company is inactive and does not compile an annual report
9) Company is in liquidation
10) Company prepares its own subgroup accounts
11) Included in the subgroup accounts of Hannover Finance, Inc.
12) Included in the subgroup accounts of Hannover Re Real Estate Holdings Inc.
13) Included in the subgroup accounts of Hannover Reinsurance Group Africa (Pty.) Ltd.
14) Included in the subgroup accounts of HR GLL Central Europe GmbH & Co. KG
15) Company was founded in reporting year – no annual report/accounts yet available
16) Figures as at 2011 financial year-end
17) Figures as at 2012 financial year-end
18) Figures as at 31 December 2012
19) Figures as at 31 March 2013
20) Figures as at 30 June 2013
21) Figures as at 30 September 2013
22) Figures as at 31 October 2013
23) Figures as at 2013 financial year-end
24) Figures as at 2013 financial year-end, provisional/unaudited
25) Figures pursuant to IFRS
26) Last annual financial statements produced as at 31 December 1997
27) Certain elements of shareholders’ equity are not included under IFRS, which means the size of equity capital could be negative here. The company has sufficient capital pursuant to local accounting standards relevant for supervisory authority
28) A profit/loss transfer agreement is in force
   

Drawn up and released for publication in Hannover, 25 February 2014.

Hannover, 25 February 2014

Board of Management

Herbert K. Kaas,      Dr. Christian Hinsch,      Torsten Leue      Dr. Thomas Noth
Deputy Chairman     Chairman


Dr. Immo Querner   Dr. Heinz-Peter Roß       Ulrich Wallin