Download PDF version - Munich Re
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<strong>Munich</strong> <strong>Re</strong> <strong>Re</strong>port of the Board of Management<br />
Other Non-life<br />
Fire Engineering classes combined Total DM million<br />
3,623 1,847 2,247 14,968 18,507 Gross premiums written<br />
3,166 1,615 2,036 13,472 16,526 Net premiums written<br />
3,189 1,630 2,045 13,508 16,537 Net premiums earned<br />
Interest on premium<br />
– – – 141 981 funds and provisions<br />
1,754 1,114 1,182 9,405 10,869 Claims incurred<br />
1,014 559 654 3,855 4,670 Operating expenses<br />
–175 –4 –44 –336 –1,881 Other income and expenditure<br />
246 –47 165 53 98 Underwriting result<br />
Change in the claims<br />
–451 –27 –224 –984 –984 equalization provisions<br />
Underwriting result<br />
after change in claims<br />
–205 –74 –59 –931 –886 equalization provisions<br />
Key figures in %<br />
60.5 68.6 59.9 71.1 Loss ratio<br />
31.8 34.3 32.0 28.5 Expense ratio<br />
92.3 102.9 91.9 99.6 Combined ratio<br />
27
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