Munich Reinsurance America, Inc. - Corporate Responsibility - Financial Indicators

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Financial Indicators

Munich Re America Corporation is the holding company for various reinsurance and insurance entities which provide reinsurance, insurance and related services to insurance companies, commercial businesses, government agencies, and self-insurers in the United States. Munich Reinsurance America Inc. is the holding company’s principal subsidiary. Based in Delaware and founded in 1917, Munich Reinsurance America Inc. primarily underwrites property and casualty reinsurance.

Selected statutory financial data*

    2017 2016 2015 2014
Gross premiums written $m 5,783 5,279 6,670 4,162.3 
Net premiums written $m 4,168 3,118 3,120 3,247.7 
Net premiums earned $m 3,498 3,041 3,105 3,318.2 
Loss & LAE incurred $m 2,965 1,989 1,937 1,898.5
Underwriting expense $m 1,337 1,018 1034 977.4 
Underwriting result $m (804) 35 133 442.3 
Net income $m (575) 337 475 822.3 
Statutory Ratios          
Loss & LAE ratio % 84.8 65.4 62.4 57.2 
Underwriting expense ratio % 32.0 32.6 33.1 30.1 
Combined ratio % 116.8 98 95.5 87.3 

Balance sheet data

    12.31.2017 12.31.2016 12.31.2015 12.31.2014
Total admitted assets $m 18,698 17,841 17,642 16,603 
Policyholders’ surplus $m 4,185 4,980 5,119 5,379 
NAIC RBC ratio** $m 341 435 437 482

Note: Includes the combined results of Munich Reinsurance America, Inc., American Alternative Insurance Corporation and The Princeton Excess and Surplus Lines Insurance Company.

Ratings of Munich Reinsurance America, Inc.

Rating agency Rating Outlook Last reviewed/affirmed
A.M. Best A+ (Superior) Stable July 13, 2018
Fitch AA (Very Strong) Stable July 4, 2018
Moody's Aa3 (Excellent) Stable February 8, 2018
Standard & Poor's AA- (Very Strong) Stable May 23, 2018

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