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