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