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<strong>Munich</strong> <strong>Re</strong> Group<br />

1993/94 1994/95 1995/96<br />

DM million DM million DM million<br />

Gross premiums written 28,638 28,974 28,989<br />

<strong>Re</strong>insurers 19,059 18,848 18,507<br />

Direct insurers 9,579 10,126 10,482<br />

Investments 102,425 111,008 120,279<br />

<strong>Re</strong>insurers 45,197 48,398 52,937<br />

Direct insurers 57,228 62,610 67,342<br />

Net underwriting funds<br />

and provisions 94,709 100,162 107,783<br />

<strong>Re</strong>insurers 39,450 42,305 45,663<br />

Direct insurers 55,259 57,857 62,120<br />

Shareholders’ funds 4,274 4,442 5,378<br />

Profit for the year 300 325 595<br />

Earnings per share in DM<br />

according to DVFA/GDV* 45.70 67.60 140.00<br />

(previous years adjusted<br />

owing to 1995 capital increase)<br />

Dividend of the <strong>Munich</strong><br />

<strong>Re</strong>insurance Company 91 102 133<br />

Dividend per share in DM 12.00 13.50 16.00<br />

* German Association of Financial Analysts and Investment<br />

* Consultants/Association of German Insurers

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