Munich Re Investors’ Day – Life Reinsurance
Ensuring sustainable profitability and growth

London, 7. October 2008

At the Investors' Day in London Munich Re highlighted its current position in global life business and presented its global life strategy for further profitable growth in this segment. Torsten Jeworrek, CEO of reinsurance operations: "Our core competence in underwriting and risk management has never been so important as it is today. By combining this competence with our financial strength, Munich Re is able to provide solid financial capacity." And he added: "No doubt – Munich Re will also benefit from our financial strength."

Munich Re reiterated its mid-term goal of achieving more than €18 EPS in 2010 and confirmed its clear commitment to achieving a return on risk-adjusted capital (RoRaC) of at least 15% over the cycle. In the light of recent events on the capital markets, Torsten Jeworrek said: "The re-evaluation of risks will be reflected in greater demand for cover from financially strong insurers and reinsurers like us, and in a markedly higher overall price level for reinsurance protection."