Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
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Successful business model<br />
A leading global insurer<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – Premium breakdown by segment (consolidated)<br />
€bn<br />
<strong>Re</strong>insurance<br />
Property-casualty<br />
13.4<br />
Total 2007<br />
€37.3bn<br />
<strong>Re</strong>insurance<br />
Life and health<br />
6.6<br />
1 Flaspöhler-Survey Europe 2008.<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong><br />
Primary insurance<br />
Property-casualty<br />
56 5.6<br />
Primary insurance<br />
Life and health<br />
11.7<br />
<strong>Re</strong>insurance Primary insurance<br />
Leading expertise in non-life and life<br />
Germany-based with growing importance in<br />
reinsurance worldwide for 128 years<br />
selected European markets<br />
Full range of products: from traditional<br />
Multi-brand – single back office approach<br />
reinsurance to alternative risk financing<br />
Diversification as key success factor<br />
Best reinsurer overall by cedant vote<br />
Focused on personal lines business<br />
1<br />
<strong>Munich</strong> <strong>Re</strong> positioning<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> as only specialised health risk carrier with global scope<br />
Flexible combination of business model and products as unique selling proposition<br />
<strong>Group</strong> earnings and capital repatriation<br />
Building a track record<br />
EPS<br />
€<br />
8.01<br />
11.74<br />
15.06<br />
Integrated Health approach<br />
17.90<br />
2004 2005 2006 2007<br />
2010 TARGET<br />
>€18 on normalised basis<br />
1<br />
Payout ratio 2<br />
1 Adjusted pursuant to IAS 8. 2 Dividend and share buy-back divided by consolidated result excl. minorities.<br />
3 €1bn buy-back programme concluded in February 2007. 4 €2bn buy-back programme concluded in January 2008.<br />
%<br />
25<br />
26<br />
58<br />
29<br />
29<br />
3<br />
Dividend<br />
Share buy-back<br />
81<br />
29<br />
52<br />
2004 2005 2006 2007<br />
CAPITAL REPATRIATION 2007–2010<br />
<strong>Re</strong>turning >€8bn to shareholders<br />
4<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
2<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
3
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