"In his address to shareholders the departing Chief Executive Officer Ulrich WALLIN took the opportunity to look back on the exceptionally pleasing 2018 financial year. Despite significant major losses and a one-time charge in life and health reinsurance, Group net income increased by 10.5% to EUR 1,059.5 million", as the reinsurer informed.
At the same time, Torsten LEUE succeeds Herbert HAAS LEUE as Chairman of the Supervisory Board, who had chaired since 5 May 2009. HAAS will continue to serve as a member of the Supervisory Board.
The reinsurer has also announced that Dr. Michael OLLMANN was elected as a new member of the Supervisory Board, replacing Dr. Immo QUERNER.
At the same time the Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a dividend of EUR 5.25 per share for the 2018 financial year.