Download PDF version - Munich Re

Munich Re Group
Consolidated profit and loss account
for the business year 1995/96
Previous
Items Notes TDM year TDM
III. Technical account for reinsurance and non-life insurance
1. Earned premiums for own account (15) 18,971,399 18,766,890
III. 2. Interest income on premium funds for own account 984,186 802,501
3. Other underwriting income for own account 3,655 3,089
4. Claims incurred for own account (16) 12,432,968 12,858,785
III. 5. Change in other underwriting provisions for own account (17) –1,837,020 –1,515,611
6. Expenditure for premium refunds for own account 48,084 52,079
7. Operating expenses (18) 5,431,564 5,543,304
8. Other underwriting expenditure for own account 80,658 67,384
III. 9. Subtotal (20) 128,946 –464,683
10. Change in the claims equalization provision
and similar provisions –952,068 –788,398
III.11. Underwriting result for own account
in reinsurance and non-life insurance –823,122 –1,253,081
III. Technical account for life insurance
1. Earned premiums for own account (15) 7,249,004 7,035,336
III. 2. Premiums from the gross provision
for policyholders’ dividends 1,057,453 1,018,095
3. Allocated investment return transferred
from the non-technical account 4,582,542 4,399,643
4. Unrealized gains on investments 858 –
5. Other underwriting income for own account 47,958 142,459
6. Claims incurred for own account (16) 4,752,222 4,302,076
III. 7. Change in other underwriting provisions for own account (17) –3,931,761 –3,921,281
III. 8. Expenditure for policyholders’ dividends for own account 1,946,623 2,008,068
III. 9. Operating expenses (18) 1,279,440 1,388,167
10. Other underwriting expenditure for own account 584,021 611,302
III. 11. Underwriting result for own account in life insurance (20) 443,748 364,639
56