Quarterly Report 3/2008 (PDF, 308 KB) - Munich Re

Segment reporting
Segment reporting
Segment income statement 1.1.–30.9.2008
36 Munich Re Group Quarterly Report 3/2008
Reinsurance
Life and health Property-casualty
€m Q1–3 2008 Q1–3 2007 Q1–3 2008 Q1–3 2007
Gross premiums written 5,187 5,524 10,960 10,945
Thereof:
From insurance transactions with other segments 517 525 522 673
From insurance transactions with external third parties
1. Earned premiums
4,670 4,999 10,438 10,272
Gross 5,154 5,528 10,368 10,680
Ceded 195 201 596 579
Net
2. Investment result
4,959 5,327 9,772 10,101
Investment income 1,937 1,619 6,120 4,096
Investment expenses 927 431 4,151 1,773
Total
Thereof:
1,010 1,188 1,969 2,323
Income from associates 2 3 15 18
3. Other income 496 231 1,058 486
Total income (1– 3)
4. Expenses for claims and benefi ts
6,465 6,746 12,799 12,910
Gross 4,016 4,245 7,361 7,375
Ceded share 120 98 345 302
Net
5. Operating expenses
3,896 4,147 7,016 7,073
Gross 1,357 1,501 2,954 3,079
Ceded share 58 48 138 230
Net 1,299 1,453 2,816 2,849
6. Other expenses 485 298 1,052 621
Total expenses (4 – 6) 5,680 5,898 10,884 10,543
7. Result before impairment losses of goodwill 785 848 1,915 2,367
8. Impairment losses of goodwill – – – –
9. Operating result 785 848 1,915 2,367
10. Finance costs 85 80 168 137
11. Taxes on income 85 52 379 167
12. Consolidated result
Thereof:
615 716 1,368 2,063
Attributable to Munich Re equity holders 615 716 1,368 2,063
Attributable to minority interests – – – –