Annual Report 2011 - R+V Versicherung

16
Overview of the business development of R+V Versicherung AG
LIABILITY GROSS PREMIUMS
EUR million
60
45
30
15
0
LIABILITY
2009
47.5
2010
2009 2010 2011
Reported gross loss ratio 62.6 86.3 44.2
Gross expenses ratio 34.9 31.9 36.3
Gross combined ratio 97.5 118.2 80.5
Liability
Significant improvement of combined ratio
Written gross premiums in liability insurance amounted to
52.8 m euros (2010: 56.5 m euros).
The significant improvement in loss expenditure led to a reported
loss ratio of 44.2% (2010: 86.3%). The gross expenses
ratio stood at 36.3% (2010: 31.9%) due to the increase in
expenditure in the general liability class. The combined gross
loss/expenses ratio amounted to 80.5% compared with 118.2%
in the previous year.
The technical result of the class closed with a net profit before
equalisation provision and similar provisions of 10.3 m euros
(2010: - 10.1 m euros). After taking an allocation to the equal-
56.5
2011
52.8
MOTOR GROSS PREMIUMS
EUR million
400
300
200
100
0
MOTOR
2009
304.1
2010
334.8
2011
isation provision of 16.0 m euros into account (2010: withdrawal
of 3.8 m euros) this produced an own account technical
result of - 5.7 m euros (2010: - 6.3 m euros).
Motor
Positive premium development once again in a competitive
market
387.8
2009 2010 2011
Reported gross loss ratio 86.8 88.8 84.0
Gross expenses ratio 19.8 18.9 17.8
Gross combined ratio 106.5 107.7 101.8
Motor insurance, which underwrites business worldwide,
is among the target classes of R+V Versicherung AG, with a
share of 26.0% of written gross premiums. Almost two thirds
(63.3%) of premium volume in this class is contributed by
companies within the R+V Group, which profit from their
strong domestic market share. In the highly competitive
motor reinsurance market, R+V was also in 2011 able to
achieve premium growth of 15.8% in total to 387.8 m euros
(2010: 334.8 m euros). Growth in the domestic market was
11.7%.