|
Key figures (IFRS)1, 2 |
| Munich Re Group |
|
2012 |
2011 |
2010 |
2009 |
2008 |
| Gross premiums written |
€bn |
52.0 |
49.5 |
45.5 |
41.4 |
37.8 |
| Net earned premiums |
€bn |
50.5 |
47.3 |
43.1 |
39.5 |
35.7 |
| Net expenses for claims and benefits |
€bn |
41.0 |
40.9 |
36.6 |
32.4 |
28.7 |
| Net operating expenses |
€bn |
12.6 |
12.0 |
11.1 |
10.2 |
9.1 |
| Operating result |
€m |
5,350 |
1,180 |
3,978 |
4,721 |
3,834 |
| Taxes on income |
€m |
866 |
-552 |
692 |
1,264 |
1,372 |
| Consolidated result |
€m |
3,211 |
712 |
2,430 |
2,564 |
1,579 |
| Attributable to non-controlling interests |
€m |
16 |
10 |
8 |
43 |
24 |
| Earnings per share |
€ |
17.98 |
3.94 |
13.06 |
12.95 |
7.74 |
| Dividend per share |
€ |
7.00 |
6.25 |
6.25 |
5.75 |
5.50 |
| Amount distributed |
€m |
1,254 |
1,110 |
1,110 |
1,072 |
1,073 |
| Share price at 31 December |
€ |
136.00 |
94.78 |
113.45 |
108.67 |
111.00 |
| Munich Re’s market capitalisation at 31 December3 |
€bn |
24.4 |
17.0 |
21.4 |
21.5 |
22.9 |
| Book value per share |
€ |
152.25 |
129.86 |
126.31 |
114.89 |
106.42 |
| Investments |
€bn |
213.8 |
201.7 |
193.1 |
182.2 |
174.9 |
| Equity |
€bn |
27.4 |
23.3 |
23.0 |
22.3 |
21.1 |
| Return on equity |
% |
12.6 |
3.3 |
10.4 |
11.8 |
7.0 |
|
Off-balance-sheet unrealised gains and losses4 |
€bn |
11.0 |
5.7 |
3.6 |
3.2 |
2.5 |
| Net technical provisions |
€bn |
186.1 |
181.2 |
171.1 |
163.9 |
157.1 |
| Balance sheet total |
€bn |
258.4 |
247.6 |
236.4 |
223.4 |
215.4 |
| Staff at 31 December |
|
45,437 |
47,206 |
46,915 |
47,249 |
44,209 |
| Reinsurance |
|
2012 |
2011 |
2010 |
2009 |
2008 |
| Gross premiums written |
€bn |
28.2 |
26.0 |
23.6 |
21.8 |
21.9 |
| Investments |
€bn |
83.8 |
79.5 |
83.7 |
76.8 |
78.4 |
| Net technical provisions |
€bn |
61.1 |
62.7 |
56.6 |
53.4 |
55.8 |
| Large and very large losses (net) |
€m |
1,799 |
5,048 |
2,228 |
1,157 |
1,507 |
| Natural catastrophe losses |
€m |
1,284 |
4,538 |
1,564 |
196 |
832 |
| Combined ratio property-casualty5 |
% |
91.0 |
113.8 |
100.5 |
95.3 |
99.4 |
| Primary Insurance |
|
2012 |
2011 |
2010 |
2009 |
2008 |
| Gross premiums written |
€bn |
17.1 |
17.4 |
17.5 |
16.6 |
17.0 |
| Investments |
€bn |
124.9 |
117.0 |
121.8 |
118.4 |
114.0 |
| Net technical provisions |
€bn |
122.7 |
116.1 |
111.2 |
107.7 |
101.4 |
| Combined ratio property-casualty |
% |
98.7 |
99.1 |
96.8 |
93.2 |
90.9 |
|
Munich Health |
|
2012 |
2011 |
2010 |
2009 |
|
| Gross premiums written |
€bn |
6.7 |
6.0 |
5.1 |
4.0 |
|
| Investments |
€bn |
4.2 |
4.6 |
4.1 |
3.1 |
|
| Net technical provisions |
€bn |
2.2 |
2.4 |
3.3 |
2.9 |
|
| Combined ratio6 |
% |
100.2 |
99.5 |
99.7 |
99.4 |
|
|
1 Previous years’ figures adjusted owing to IAS 8; see “Changes in accounting policies and other adjustments”.
2 In 2012, our segment reporting was modified and no longer has a consolidation column. The figures for the previous year have been adjusted accordingly. Comparability with the years 2009 and 2010 is thus limited.
3 Up to and including 2010, this contains own shares earmarked for retirement.
4 Including those apportionable to minority interests and policyholders.
5 The figures for 2011 are not adjusted for relief of 1.4 percentage points from economic risk transfer to the capital markets.
6 Excluding health insurance conducted like life insurance.
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