Outlook 2014

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Outlook 2014

Munich Re (Group)

Gross premiums written Return on investment Net result
Target 20141 ~€48bn Target 2014 ~3.5%
(prev. ~3.3%)
Target 2014 €3bn
Focus on bottom-line prevails Uplifting annual guidance after strong half-year performance RoRaC target of 15% after tax over the cycle to stand
Reinsurance Primary Insurance Munich Health
Combined ratio Combined ratio Combined ratio
Target 2014 ~95%
(~94%)
Target 2014 ~95% Target 2014 ~99%
Net result Net result Net result
Target 2014 €2.3–2.5bn Target 2014 €400–500m Target 2014  ~€100m

1 By segment: Reinsurance slightly above €26bn, primary insurance slightly above €16.5bn, Munich Health slightly below €5.5bn.

Status: 07.08.2014

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