Download PDF version - Munich Re

Munich Re Group Notes on the accounts
(10) Underwriting 30.6.1996 30.6.1996 30.6.1996 Pr. year Pr. year Pr. year
funds and provisions Gross Ceded Net Gross Ceded Net
TDM TDM TDM TDM TDM TDM
Unearned premiums 5,097,636 382,518 4,715,118 5,182,891 448,995 4,733,896
Premium funds 72,085,535 4,728,800 67,356,735 66,494,692 4,054,330 62,440,362
Provision for outstanding claims 27,184,509 1,992,848 25,191,661 25,939,138 2,145,777 23,793,361
Provision for premium refunds
and policyholders’ dividends 6,086,610 13,951 6,072,659 5,895,859 16,753 5,879,106
Claims equalization provision
and similar provisions 3,735,915 – 3,735,915 2,614,312 – 2,614,312
Other 673,672 1,228 672,444 667,076 5,243 661,833
Total 114,863,877 7,119,345 107,744,532 106,793,968 6,671,098 100,122,870
Underwriting provisions
for life insurance policies 30.6.1996 30.6.1996 30.6.1996 Pr. year Pr. year Pr. year
where the investment risk Gross Ceded Net Gross Ceded Net
is borne by the policyholders TDM TDM TDM TDM TDM TDM
Premium funds 43,572 4,826 38,746 42,225 2,719 39,506
Other underwriting provisions 16 2 14 – – –
Total 43,588 4,828 38,760 42,225 2,719 39,506
Broken down by class of business, the net underwriting funds and
provisions are as follows:
70
30.6.1996
DM million
Reinsurers 45,663
– Life 14,451
– Personal accident/health 2,696
– Liability 9,997
– Motor 6,716
– Marine 981
– Fire 4,686
– Engineering 2,975
– Other classes 3,161
Direct insurers 62,120
– Life 59,181
– Personal accident/health 663
– Motor 539
– Credit 943
– Other classes 794
Total 107,783