Munich Re Group Annual Report 2006 (PDF, 1.8

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Munich Re Group Annual Report 2006 Victoria Lebensversicherung AG Victoria Versicherung AG Victoria Pensionskasse AG Victoriaplatz 1 und 2 40198 Düsseldorf Tel.: 02 11/4 77-0 Fax: 02 11/4 77-22 22 E-mail: info@victoria.de www.victoria.de Victoria Krankenversicherung AG Victoriaplatz 2 40198 Düsseldorf Tel.: 02 11/4 77-0 Fax: 02 11/4 77-42 99 E-mail: info@victoria.de www.victoria.de Hamburg-Mannheimer Versicherungs-AG Hamburg-Mannheimer Sachversicherungs-AG Hamburg-Mannheimer Rechtsschutzversicherungs-AG Hamburg-Mannheimer Pensionskasse AG Überseering 45 22297 Hamburg Tel.: 0 40/63 76-0 Fax: 0 40/63 76-33 02 E-mail: PSC@hamburg-mannheimer.de www.hamburg-mannheimer.de DKV Deutsche Krankenversicherung AG Aachener Strasse 300 50933 Köln Tel.: 0 18 01/35 81 00 Fax: 01 80/5 78 60 00 E-mail: service@dkv.com www.dkv.com D.A.S. Deutscher Automobil Schutz Allgemeine Rechtsschutzversicherungs-AG D.A.S. Deutscher Automobil Schutz Versicherungs-AG Thomas-Dehler-Str. 2 81728 München Tel.: 0 18 05/17 01 70 Fax: 0 89/62 75-16 50 E-mail: info@das.de www.das.de KarstadtQuelle Lebensversicherung AG KarstadtQuelle Versicherung AG KarstadtQuelle Krankenversicherung AG Nürnberger Strasse 91–95 90758 Fürth Tel.: 09 11/1 48-16 66 Fax: 09 11/1 48-16 67 E-mail: presseservice@kqv.de www.kqv.de 230 General information_Important addresses Neckermann Lebensversicherung AG Neckermann Versicherung AG Karl-Martell-Strasse 60 90344 Nürnberg Tel.: 09 11/3 22-16 66 Fax: 09 11/3 22-16 67 E-mail: presseservice@neckermann-versicherungen.de www.neckermann-versicherungen.de KarstadtQuelle Financial Services GmbH Wahlerstrasse 2 40472 Düsseldorf Tel.: 02 11/4 77 88-10 Fax: 02 11/4 77 88-01 E-mail: info@kqfs.de www.kqfs.de ERGO People & Pensions GmbH Immermannstrasse 23 40198 Düsseldorf Tel.: 02 11/49 37-76 00 Fax: 02 11/49 37-76 29 E-mail: info@ergo-people-and-pensions.de www.ergo-people-and-pensions.de Further addresses may be obtained from the 2006 annual report of ERGO Versicherungsgruppe AG. Europäische Reiseversicherung AG Vogelweidestrasse 5 81677 München Tel.: 0 89/41 66-17 17 Fax: 0 89/41 66-07 17 E-mail: info@erv.de www.erv.de Mercur Assistance AG Holding Vogelweidestrasse 3 81677 München Tel.: 0 89/4 18 64-0 Fax: 0 89/4 18 64-130 www.mercur.de Asset management MEAG MUNICH ERGO AssetManagement GmbH Oskar-von-Miller-Ring 18 80333 München Tel.: 0 89/24 89-0 Fax: 0 89/24 89-25 55 E-mail: info@meag.com www.meag.com
Multi-year overview Balance sheet 31.12.2006 31.12.2005 31.12.2004 31.12.2003 31.12.2002 Investments €m 176,872 177,171 178,132 171,881 156,278 Equity €m 26,429 24,397* 20,492* 19,298 13,948 Net technical provisions €m 153,778 154,048* 154,327 147,476 142,966 Balance sheet total €m 215,874 218,737* 214,791 209,384 196,441 Shares Dividend per share € 4.50 3.10 2.00 1.25 1.25 Amount distributed €m 988 707 457 286 223 Share price € 130.42 114.38 90.45 96.12 114.00 Munich Re’s market capitalisation €bn 29.9 26.3 20.8 22.1 20.4 Other Combined ratio non-life reinsurance % 92.6 111.7 98.9 96.5 123.7 Number of staff 37,210 37,953 40,962 41,431 41,396 * Adjusted owing to first-time application of IAS 19 (rev. 2004). €m 2006 2005 * 2004 2003 2002 Gross premiums written 37,436 38,199 38,071 40,431 40,014 Net earned premiums 35,714 36,210 36,534 37,617 36,306 Investment result 8,876 10,818 8,041 7,131 4,935 Other income 1,784 1,465 1,116 1,211 1,351 Total income 46,374 48,493 45,691 45,959 42,592 Net expenses for claims and benefits 29,667 33,352 31,636 32,487 31,265 Net operating expenses 8,834 9,165 8,847 8,997 8,933 Other expenses 2,375 1,826 1,839 2,504 2,414 Total expenses 40,876 44,343 42,322 43,988 42,612 Result before amortisation and impairment losses of goodwill 5,498 4,150 3,369 1,971 –20 Amortisation and impairment losses of goodwill 4 7 344 687 371 Operating result 5,494 4,143 3,025 1,284 –391 Finance costs 310 378 426 – ** – ** Taxes on income 1,648 1,014 712 1,752 –605 Consolidated result 3,536 2,751 1,887 –468 214 Thereof: – Attributable to Munich Re equity holders 3,440 2,679 1,833 –434 288 – Attributable to minority interests 96 72 54 –34 –74 * Adjusted owing to first-time application of IAS 19 (rev. 2004). ** Finance costs shown under “other expenses”. € 2006 2005 2004 2003 2002 Earnings per share 15.12 11.74 * 8.01 –2.25 1.54 ** * Adjusted owing to first-time application of IAS 19 (rev. 2004). ** Taking into account the capital increase in November 2003.
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Munich Re Group Annual Report 2006
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The Munich Re Group Our operations
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Munich Re Group in 2006 Tireless an
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Page 184 and 185: Munich Re Group Annual Report 2006
Page 222 and 223: Glossary / Index of key terms / Imp
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Page 238: © 2007 Münchener Rückversicherun
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