Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
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Backup: Financial reporting Q1–2 2008<br />
Key figures Q1–2 2008 – Major claims<br />
Both man-made and NatCat losses significantly above 5-year average<br />
Q1–2 2008<br />
€m<br />
Q1–2 Q<br />
20041 Q1–2<br />
20051 Q1–2<br />
20062 Q1–2<br />
20073,4 Q1–2<br />
20083 20083 5-year<br />
average<br />
279<br />
412<br />
418<br />
615<br />
777<br />
500<br />
71<br />
Man-made Natural catastrophes<br />
279<br />
262<br />
349<br />
150<br />
544<br />
69<br />
352 425<br />
263 237<br />
1 Major losses over €5m each; excl. run-off-profits.<br />
2 Major losses over €5m each; incl. run-off-profits.<br />
3 Major losses over €10m each; incl. run-off-profits.<br />
4 Changed compared with earlier announcement.<br />
Backup: Financial reporting Q1–2 2008<br />
Q2 2008 4<br />
€m<br />
Q2 Q<br />
20041 Q2<br />
20051 Q2<br />
20062 Q2<br />
20073 Q2<br />
20083 20083 5-year<br />
average<br />
112<br />
161<br />
144<br />
77<br />
199<br />
139<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong><br />
Man-made Natural catastrophes<br />
–9<br />
112<br />
100 61<br />
153<br />
–43 120<br />
120<br />
89 50<br />
Key figures Q1–2 2008 – Investment result<br />
Significant impact of impairments and lower net gain on disposals<br />
Q2 2008<br />
€m<br />
<strong>Re</strong>gular income 2,294 5.4%<br />
Other income/expenses –181 –0.4%<br />
Gains/losses on the disposal of investments 134 0.3%<br />
Write-downs/write-ups of investments –671 –1.6%<br />
Investment result 1,576 3.7% 2<br />
Q1–2 2008<br />
€m<br />
<strong>Re</strong>gular income 4,064 4.8%<br />
Other income/expenses –513 –0.6%<br />
Gains/losses on the disposal of investments 876 1.0%<br />
Write-downs/write-ups of investments –1,164 –1.4%<br />
Investment result 3,263 3.8% 2<br />
Major driver of deterioration 2<br />
1 <strong>Re</strong>turn on quarterly weighted investments (market values) in % p.a.<br />
2 <strong>Re</strong>turn incl. change in on- and off-balance-sheet reserves: –3.0% for Q1–2 2008 and –6.7% for Q2 2008. 3 For details, see next slides.<br />
3<br />
Major driver of deterioration 13 79<br />
<strong>Re</strong>turn 1<br />
<strong>Re</strong>turn 1<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
48<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
49