|
Key figures (IFRS)
|
| Munich Re Group |
|
2011 |
2010 |
2009 |
2008 |
2007 |
| Gross premiums written |
€bn |
49.6 |
45.5 |
41.4 |
37.8 |
37.3 |
| Operating result |
€m |
1,180 |
3,978 |
4,721 |
3,834 |
5,573 |
| Taxes on income |
€m |
-552 |
692 |
1,264 |
1,372 |
801 |
| Consolidated result |
€m |
712 |
2,430 |
2,564 |
1,579 |
3,923 |
| Attributable to minority interests |
€m |
10 |
8 |
43 |
24 |
83 |
| Investments |
€bn |
201.7 |
193.1 |
182.2 |
174.9 |
176.2 |
| Return on equity |
% |
3.3 |
10.4 |
11.8 |
7.0 |
15.3 |
| Equity |
€bn |
23.3 |
23.0 |
22.3 |
21.1 |
25.3 |
|
Valuation reserves not recognised in balance sheet1 |
€bn |
5.7 |
3.6 |
3.2 |
2.5 |
0.8 |
| Net technical provisions |
€bn |
181.2 |
171.1 |
163.9 |
157.1 |
152.4 |
| Staff at 31 December |
|
47,206 |
46,915 |
47,249 |
44,209 |
38,634 |
| Reinsurance2 |
|
2011 |
2010 |
2009 |
2008 |
2007 |
| Gross premiums written |
€bn |
26.5 |
23.6 |
21.8 |
21.9 |
21.5 |
| Investments |
€bn |
88.7 |
83.7 |
76.8 |
78.4 |
81.9 |
| Net technical provisions |
€bn |
64.3 |
56.6 |
53.4 |
55.8 |
55.5 |
| Large and very large losses (net) |
€m |
5,126 |
2,228 |
1,157 |
1,507 |
1,126 |
| Natural catastrophe losses |
€m |
4,544 |
1,564 |
196 |
832 |
634 |
| Combined ratio property-casualty3 |
% |
113.6 |
100.5 |
95.3 |
99.4 |
96.4 |
| Primary Insurance2 |
|
2011 |
2010 |
2009 |
2008 |
2007 |
| Gross premiums written |
€bn |
17.6 |
17.5 |
16.6 |
17.0 |
17.3 |
| Investments |
€bn |
123.9 |
121.8 |
118.4 |
114.0 |
109.3 |
| Net technical provisions |
€bn |
113.5 |
111.2 |
107.7 |
101.4 |
96.9 |
| Combined ratio property-casualty |
% |
97.8 |
96.8 |
93.2 |
90.9 |
93.4 |
|
Munich Health2 |
|
2011 |
2010 |
2009 |
2008 |
2007 |
| Gross premiums written |
€bn |
6.1 |
5.1 |
4.0 |
|
|
| Investments |
€bn |
5.9 |
4.1 |
3.1 |
|
|
| Net technical provisions |
€bn |
3.4 |
3.3 |
2.9 |
|
|
| Combined ratio4 |
% |
99.4 |
99.7 |
99.4 |
|
|
| Our shares |
|
2011 |
2010 |
2009 |
2008 |
2007 |
| Earnings per share |
€ |
3.94 |
13.06 |
12.95 |
7.74 |
17.83 |
| Dividend per share |
€ |
6.25 |
6.25 |
5.75 |
5.50 |
5.50 |
| Amount distributed |
€m |
1,110 |
1,110 |
1,072 |
1,073 |
1,124 |
| Share price at 31 December |
€ |
94.78 |
113.45 |
108.67 |
111.00 |
132.94 |
| Munich Re's market capitalisation at 31 December5 |
€bn |
17.0 |
21.4 |
21.5 |
22.9 |
29.0 |
| Book value per share |
€bn |
129.86 |
126.31 |
114.89 |
106.42 |
119.33 |
|
1 Including amounts attributable to minority interests and policyholders.
2 Before elimination of intra-Group transactions across segments.
3 The figure for 2011 is not adjusted for relief of 1.3 percentage points from economic risk transfer to the capital markets.
4 Excluding health insurance conducted like life insurance.
5 This includes own shares earmarked for retirement.
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