Munich Re2013年年度报告.pdf

1、WE crEatE bEnEfits AS ONEGroup Annual Report 2013Munich ReKey figures(IFRS)1,2 Munich Re at a glance 2013 2012 2011 2010 2009Gross premiums written bn 51.1 52.0 49.5 45.5 41.4Net earned premiums bn 49.2 50.5 47.3 43.1 39.5Net expenses for claims and benefits bn 39.9 41.0 40.9 36.6 32.4Net operating

2、expenses bn 12.4 12.6 12.0 11.1 10.2Operating result m 4,409 5,349 1,180 3,978 4,721Taxes on income m 108 878 552 692 1,264Consolidated result m 3,342 3,204 712 2,430 2,564 Attributable to non-controlling interests m 29 16 10 8 43Earnings per share 18.50 17.94 3.94 13.06 12.95Dividend per share 7.25

3、 7.00 6.25 6.25 5.75Dividend payout m 1,266 1,255 1,110 1,110 1,072Share price at 31 December 160.15 136.00 94.78 113.45 108.67Munich Res market capitalisation at 31 December3 bn 28.7 24.4 17.0 21.4 21.5Book value per share 146.45 152.34 129.99 126.31 114.89 Investments bn 209.5 213.8 201.7 193.1 18

4、2.2Equity bn 26.2 27.4 23.3 23.0 22.3Return on equity%12.5 12.5 3.3 10.4 11.8Off-balance-sheet unrealised gains and losses4 bn 8.7 11.0 5.7 3.6 3.2Net technical provisions bn 187.7 186.1 181.2 171.1 163.9Balance sheet total bn 254.3 258.4 247.6 236.4 223.4Staff at 31 December 44,665 45,437 47,206 46

5、,915 47,249Reinsurance 2013 2012 2011 2010 2009Gross premiums written bn 27.8 28.2 26.0 23.6 21.8Investments bn 78.5 83.8 79.5 83.7 76.8Net technical provisions bn 60.5 61.1 62.7 56.6 53.4Major losses(net)m 1,689 1,799 5,048 2,228 1,157Natural catastrophe losses m 764 1,284 4,538 1,564 196Combined r

6、atio property-casualty5%92.1 91.0 113.8 100.5 95.3Munich Health 2013 2012 2011 2010 2009Gross premiums written bn 6.6 6.7 6.0 5.1 4.0Investments bn 3.6 4.2 4.6 4.1 3.1Net technical provisions bn 2.2 2.2 2.4 3.3 2.9Combined ratio6%98.3 100.2 99.5 99.7 99.4Primary insurance 2013 2012 2011 2010 2009Gro