Munich Re Group Changing Gear gg

Backup: Financial reporting Q1–2 2008
Key figures Q1–2 2008 – Investments
Well-balanced portfolio mix
Investment structure by asset classes (market values)
€m %
31.12.20042 181 5.9
31.12.2005 3,4 180
31.12.2006 179
31.12.2007 176
3132008 31.3.2008 171
30.6.2008 166
4.0
3.6
2.8
28 2.8
2.9
Land and
buildings
11.7
14.3
16.4
19.4
21 21.4 4
Loans Fixed-interest
securities
57.0
56.0
54.9
54.2
54 54.1 1
Shares, equity funds and
participating interests
1 Deposits retained on assumed reinsurance, investments for unit-linked life, deposits with banks, investment funds (bond, property).
2 After reclassification of owner-occupied properties of Munich Reinsurance Company to other assets.
3 After reclassification of owner-occupied properties of Munich Re Group to other assets.
4 Decrease of €13.2bn in assets (market values) due to sale of Karlsruher in Q4 2005.
5 After taking equity derivatives into account: 6.8%.
Backup: Financial reporting Q1–2 2008
22.1
Decrease due to strong euro and write-downs of equities
Key figures Q1–2 2008 – Fixed-interest investments
Careful expansion into products with good quality
Fixed-interest portfolio 1
Structured products2 5% (4)
Loans to policyholders
4% (4)
Corporates
8% (7)
Banks
13% (13)
Thereof 25%
cash positions (= 3% of total)
TOTAL
€131bn
55.2
1 Incl. loans, parts of other securities and cash positions. Economic view – not fully comparable with IFRS figures.
2 Thereof subprime exposure: ~€240m.
Figures in brackets 31.12.2007
Munich Re Group
13.9
14.0
14.6
13.8
11 11.6 6
Miscellaneous 1
5
11.4
11.5
11.7
10.5
9.8
10 10.1 1
8.4
Government/
Semi-government
42% (47)
Thereof 12%
inflation-linked bonds
(= 5% of total)
Pfandbriefs/
Covered bonds
28% (25)
Munich Re Group – October 2008
52
Munich Re Group – October 2008
53