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Munich Re Group Notes on the accounts
Notes on the consolidated profit and loss account
(15) Earned premiums Reinsurers, Life insurers Total Total
for own account non-life insurers
1995 Pr. year 1995 Pr. year 1995 Pr. year
TDM TDM TDM TDM TDM TDM
Gross premiums written 21,351,175 21,520,836 7,637,593 7,452,693 28,988,768 28,973,529
Ceded premiums 2,391,775 2,679,734 365,303 356,319 2,757,078 3,036,053
Net premiums written 18,959,400 18,841,102 7,272,290 7,096,374 26,231,690 25,937,476
Change in unearned premiums
– Gross amount 38,363 –59,545 – – – –
– Ceded share –26,364 –14,667 – – – –
– Net amount 11,999 –74,212 –23,286 –61,038 –11,287 –135,250
Net earned premiums 18,971,399 18,766,890 7,249,004 7,035,336 26,220,403 25,802,226
The gross premiums written show the following breakdown for assumed
reinsurance business and direct insurance business:
72
1995 Previous year
TDM TDM
Assumed reinsurance business 18,611,883 18,970,851
Direct insurance business
– Life 7,622,131 7,439,375
– Non-life 2,754,754 2,563,303
10,376,885 10,002,678
Total 28,988,768 28,973,529
Origin of the direct insurance business:
1995
TDM
Germany 10,245,855
Other EU and EEA states 131,030
Other countries –
Total 10,376,885