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> Group<br />
III. Non-technical account<br />
Previousb<br />
Notes TDM TDM year TDM<br />
III, 1. Underwriting result for own account<br />
a) <strong>Re</strong>insurance and property-casualty insurance –1,272,387 –946,868<br />
b) Life and health insurance 586,161 507,271<br />
–686,226 –439,597<br />
III, 2. Investment income (22) 14,928,286 10,385,591<br />
III, 3. Investment expenditure (23) 1,676,082 1,023,126<br />
13,252,204 9,362,465<br />
III, 4. Allocated investment return transferred to<br />
the technical account for reinsurance and<br />
property-casualty insurance 1,348,893 1,316,878<br />
4a. Allocated investment return transferred to<br />
the technical account for life and health<br />
insurance 8,035,474 5,786,816<br />
3,867,837 2,258,771<br />
III, 5. Other income 474,495 331,597<br />
III, 6. Other expenditure (24) 1,452,927 937,863<br />
III, 7. Operating result 2,203,179 1,212,908<br />
III, 8. Taxes on profit and income 986,620 463,358<br />
III, 9. Other taxes 67,857 51,044<br />
1,054,477 514,402<br />
III, 10. Profit for the year (25) 1,148,702 698,506<br />
77
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