Annual Report 1997/1998 - Munich Re
Annual Report 1997/1998 - Munich Re
Annual Report 1997/1998 - Munich Re
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<strong>Munich</strong> <strong>Re</strong>insurance Company Notes on the accounts<br />
Notes on the profit and loss account<br />
(12) <strong>Re</strong>insurance underwriting See pages 118/119.<br />
result by class of business<br />
(13) Earned premiums <strong>1997</strong> Previous year<br />
for own account TDM TDM<br />
Gross premiums written 19,446,900 18,540,559<br />
<strong>Re</strong>trocession premiums 2,230,581 2,386,668<br />
Net premiums written 17,216,319 16,153,891<br />
Change in unearned premiums<br />
– Gross amount 349,511 –150,696<br />
– <strong>Re</strong>troceded amount –58,541 84,786<br />
– Net amount 290,970 –65,910<br />
Net earned premiums 17,507,289 16,087,981<br />
(14) Claims incurred <strong>1997</strong> Previous year<br />
for own account TDM TDM<br />
Claims paid<br />
– Gross amount 14,031,557 11,270,712<br />
– <strong>Re</strong>troceded amount 2,093,855 1,141,459<br />
– Net amount 11,937,702 10,129,253<br />
Change in provision<br />
– Gross amount –1,155,730 589,079<br />
– <strong>Re</strong>troceded amount –650,729 436,584<br />
– Net amount –505,001 152,495<br />
Total 11,432,701 10,281,748<br />
(15) Change in other underwriting <strong>1997</strong> Previous year<br />
provisions for own account TDM TDM<br />
Premium funds –1,809,253 –1,957,489<br />
Other underwriting provisions 106,089 48,278<br />
Total –1,703,164 –1,909,211<br />
117
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