Munich Re Group Annual Report 2006 (PDF, 1.8

More documents

Recommendations

Info

Key figures (IFRS) Premium growth 2006 2005 2004 2003 2002 –0.6% –4.7% –0.2% 0.3% –9.7% –0.6% –2.6% 6.3% 5.6% Reinsurance Primary insurance Munich Re in facts and figures Munich Re Group 2006 2005 2004 2003 2002 Gross premiums written Result before amortisation and impairment €bn 37.4 38.2 38.1 40.4 40.0 losses of goodwill €m 5,498 4,150 * 3,369 1,971 –20 Taxes on income €m 1,648 1,014 * 712 1,752 –605 Consolidated result €m 3,536 2,751 * 1,887 –468 214 Thereof attributable to minority interests €m 96 72 54 –34 –74 Investments €bn 176.9 177.2 178.1 171.9 156.3 Return on equity % 14.2 12.5 * 9.5 *** –3.0 *** 1.1 *** Equity €bn 26.4 24.4 * 20.5 * 19.3 13.9 Valuation reserves not recognised in balance sheet ** €bn 1.9 2.6 3.2 1.8 1.1 Net technical provisions €bn 153.8 154.0 * 154.3 147.5 143.0 Staff at 31 December 37,210 37,953 40,962 41,431 41,396 *** Adjusted owing to first-time application of IAS 19 (rev. 2004). *** Including amounts attributable to minority interests and policyholders. *** Previous years’ figures adjusted owing to change in measurement basis. Reinsurance * 2006 2005 2004 2003 2002 Gross premiums written €bn 22.2 22.3 22.4 24.8 25.4 Investments €bn 85.0 87.0 81.2 80.4 68.6 Net technical provisions €bn 59.6 63.4 58.2 56.7 55.3 Reserve ratio property-casualty % 280.9 295.8 243.8 205.0 201.1 Large and very large losses (net) €m 854 3,293 1,201 1,054 1,844 Thereof natural catastrophe losses €m 177 2,629 713 288 577 Combined ratio property-casualty % 92.6 111.7 98.9 96.5 123.7 * Before elimination of intra-Group transactions across segments. Primary insurance * 2006 2005 2004 2003 2002 Gross premiums written €bn 16.7 17.6 17.5 17.6 16.6 Investments €bn 107.4 105.9 115.0 108.3 104.4 Net technical provisions €bn 94.2 90.6 ** 96.1 91.0 88.4 Reserve ratio property-casualty % 124.9 113.1 116.8 114.5 116.3 Combined ratio property-casualty % 90.8 93.1 93.0 96.4 99.9 ** Before elimination of intra-Group transactions across segments. ** Adjusted owing to first-time application of IAS 19 (rev. 2004). Our shares 2006 2005 2004 2003 2002 Earnings per share € 15.12 11.74 * 8.01 –2.25 1.54 ** Dividend per share € 4.50 3.10 2.00 1.25 1.25 Amount distributed €m 988 707 457 286 223 Share price at 31 December € 130.42 114.38 90.45 96.12 114.00 Munich Re’s market capitalisation at 31 December €bn 29.9 26.3 20.8 22.1 20.4 ** Adjusted owing to first-time application of IAS 19 (rev. 2004). ** Taking into account the capital increase in November 2003. 14.6% Total –2.0% Total 0.3% Total –5.8% Total 1.0% Total 10.8%
The Munich Re Group Our operations encompass all aspects of risk assumption in primary insurance and reinsurance. We are one of the world’s largest reinsurers, and one of the largest primary insurers in Germany. Reinsurance: We have been in the business of insuring insurers since 1880. Primary insurance: Our primary insurers offer security mainly for private clients and for small and medium-sized businesses. Our subsidiary MEAG manages our assets and offers investment products for private clients and institutional investors. Munich Re Group Reinsurance Munich Reinsurance Company Munich Reinsurance America Munich American Reassurance Company Munich Reinsurance Company of Canada Temple Insurance Company Munich Holdings of Australasia Munich Reinsurance Company of Africa Münchener Rück Italia New Reinsurance Company Great Lakes Reinsurance (UK) Munich-American RiskPartners Asset management MEAG MUNICH ERGO AssetManagement Primary insurance ERGO Insurance Group Victoria Hamburg-Mannheimer Deutsche Krankenversicherung Deutscher Automobil Schutz KarstadtQuelle Versicherungen ERGO Previdenza ERGO Hestia IERGO I . sviçre Europäische Reiseversicherung Mercur Assistance Munich Re Underwriting
Page 1: Munich Re Group Annual Report 2006
Page 5: Munich Re Group in 2006 Tireless an
Page 8 and 9: Munich Re Group Annual Report 2006
Page 32 and 33: Notable events in 2006 / Letter to
Page 50 and 51: Munich Re Group / Parameters / Busi
Page 52 and 53:
Munich Re Group Annual Report 2006
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Consolidated financial statements a
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 200 and 201:
Page 202 and 203:
Page 204 and 205:
Page 206 and 207:
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
Page 214 and 215:
Page 216 and 217:
Page 218 and 219:
Page 220 and 221:
Page 222 and 223:
Glossary / Index of key terms / Imp
Page 224 and 225:
Page 226 and 227:
Page 228 and 229:
Page 230 and 231:
Page 232 and 233:
Page 234 and 235:
Page 236 and 237:
Quarterly figures Balance sheet 31.
Page 238:
© 2007 Münchener Rückversicherun
show all

Munich Re Group Annual Report 2006 (PDF, 1.8

Create successful ePaper yourself

Delete template?

Save as template?