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<strong>Munich</strong> <strong>Re</strong>insurance Company<br />
1995/96 Previous<br />
<strong>Re</strong>sults TDM year TDM<br />
<strong>Re</strong>insurance underwriting result 132,140 –317,988<br />
– Life 113,546 98,651<br />
– Personal accident/health 79,218 81,504<br />
– Liability –398,818 –548,597<br />
– Motor –24,580 –220,199<br />
– Marine 57,076 35,281<br />
– Fire 223,652 232,959<br />
– Engineering –53,656 –141,986<br />
– Other classes 135,702 144,399<br />
Investment result 1,813,004 1,670,642<br />
– Investment income 2,219,466 2,256,612<br />
– Investment expenditure 406,462 585,970<br />
Other income and expenditure 12,059 7,524<br />
Unadjusted earnings 1,957,203 1,360,178<br />
Special allocations to the provision<br />
for outstanding claims –500,000 –250,000<br />
Change in the claims equalization provisions and the<br />
provisions for major risks and earthquake risks –982,128 –797,896<br />
– Claims equalization provisions –559,266 –745,702<br />
– Provisions for major risks –5,504 –3,764<br />
– Provisions for earthquake risks –417,358 –48,430<br />
Operating result 475,075 312,282<br />
Tax –242,539 –150,018<br />
Profit for the year 232,536 162,264<br />
Profit brought forward from previous year – 113<br />
Transfer to revenue reserves 100,000 60,000<br />
Balance sheet profit at the disposal of the AGM 132,536 102,377<br />
79
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