Hannover Life Re of Australasia
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OVERALL |
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Owned |
GER |
Rating |
N/A |
Insurance
Company Ownership
Hannover Life Re of Australasia Ltd | AUS | website | ||||
Hannover RE
owns 100% of Hannover Life Re of Australasia Ltd |
GER | website | ||||
Life insurance |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Hannover Life Re of Australasia Ltd | ||||
Between 2013 and 2019 this company paid zero tax on a total income of $9.1 billion, earning the number 25 spot on Michael West's Top 40 Tax Dodgers 2021. West calculated which of Australia's largest companies have paid the least tax, or no tax, on the highest incomes using six years of tax transparency data published by the Australian Tax Office.
Source: Michael West (2021) |
According to data released by the Australian Tax Office in Jan 2022, this company was one of many local and foreign-based companies that paid no tax in Australia in 2019-20. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons.
Source: ATO (2022) |
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Hannover RE | ||||
The Insure Our Future campaign by a group of NGOs has ranked the world's leading insurance companies on fossil fuel insurance, fossil fuel divestment, and other climate leadership. This company was one of the best performers.
Source: Insure Our Future (2020) |
ShareAction's 2018 report rates the world's 80 largest insurers on their approach to climate-related risks and opportunities. Based on their management of material climate risk, insurers are rated from AAA if they show climate leadership, to D if their approach is limited. The lowest X rating is given to those showing no evidence of addressing climate issues. This company received a C rating.
Source: AODP (2018) |
Company Details
Type | Wholly-owned subsidiary |
Employees | 50 (2017) |
Contact Details
Address | Tower 1, Level 33, 100 Barangaroo Ave, Sydney, NSW, 2000, Australia |
Phone | 02 9251 6911 |
Website | www.hannover-re.com/1093873/australia_lh |