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Outlook 2012

Munich Re (Group)
Gross premiums written
€48–50bn 		Return on investment
~3.5% 		Net result
~€2.5bn
Reinsurance €25–27bn
Primary insurance €17–18bn
Munich Health slightly above €6bn 		Ongoing low interest rate environment gradually reducing running yield to slightly below 4% RoRaC target of 15% after tax over the cycle to stand
Significantly improving technical result

Reinsurance Primary insurance Munich Health
Combined ratio ~96% over the cycle Combined ratio <95% Combined ratio ~99%
Net result €1.9–2.1bn Net result ERGO ~€400m Net result €50–100m

Status: 14 March 2012

 

Related Topics

» Key figures (IFRS)

Annual Report 2011

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