Annual Report 1997/1998 - Munich Re

Munich Reinsurance Company
Liabilities Previousb
Notes TDM TDM year TDM
A. Shareholders’ funds (6)
I. Subscribed capital 834,598 814,752
II. Capital reserve 2,459,066 1,976,401
III. Revenue reserves 753,200 603,200
IV. Balance sheet profit 152,928 141,058
4,199,792 3,535,411
B. Special reserve (7) 318,422 185,156
C. Underwriting funds and provisions for own account (8)
I. Unearned premiums 3,316,077 3,491,963
II. Premium funds 22,493,039 20,801,972
III. Provision for outstanding claims 23,240,957 22,191,900
IV. Provision for premium refunds 33,199 31,411
V. Claims equalization provision and similar
provisions 5,814,363 4,555,044
VI. Other underwriting provisions 635,608 573,097
55,533,243 51,645,387
D. Other provisions (9) 1,420,729 1,080,075
E. Deposits retained on retroceded business (3) 3,933,644 3,530,047
F. Other liabilities (3, 10)
I. Accounts payable on reinsurance
business 2,062,867 2,159,221
II. Amounts owed to banks 1,030,533 1,000,000
III. Miscellaneous liabilities 587,674 59,394
3,681,074 3,218,615
G. Deferred items (11) 1,757 2,473
Total liabilities 69,088,661 63,197,164
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