Munich Re2014年年度报告.pdf

1、Key figures(IFRS)1,2 Munich Re at a glance 2014 2013 2012 2011 2010Gross premiums written bn 48.8 51.1 52.0 49.5 45.5Net earned premiums bn 47.4 49.2 50.5 47.3 43.1Net expenses for claims and benefits bn 39.7 39.9 41.0 40.9 36.6Net operating expenses bn 12.0 12.4 12.6 12.0 11.1Operating result m 4,0

2、28 4,398 5,349 1,180 3,978Taxes on income m 312 108 878 552 692Consolidated result m 3,171 3,333 3,204 712 2,430Attributable to non-controlling interests m 18 29 16 10 8Earnings per share 18.31 18.45 17.94 3.94 13.06Dividend per share 7.75 7.25 7.00 6.25 6.25Dividend payout m 1,298 1,254 1,255 1,110

3、 1,110Share price at 31 December 165.75 160.15 136.00 94.78 113.45Munich Res market capitalisation at 31 December3 bn 28.7 28.7 24.4 17.0 21.4Book value per share 178.22 146.23 152.34 129.99 126.31Investments bn 218.9 202.2 213.8 201.7 193.1Insurance-related investments bn 8.5 7.3 Equity bn 30.3 26.

4、2 27.4 23.3 23.0Return on equity%11.3 12.5 12.5 3.3 10.4Off-balance-sheet unrealised gains and losses4 bn 17.4 8.7 11.0 5.7 3.6Net technical provisions bn 198.4 187.7 186.1 181.2 171.1Balance sheet total bn 273.0 254.3 258.4 247.6 236.4Staff at 31 December 43,316 44,665 45,437 47,206 46,915Reinsuran

5、ce 2014 2013 2012 2011 2010Gross premiums written bn 26.8 27.8 28.2 26.0 23.6Investments (incl.insurance-related investments)bn 88.0 79.2 83.8 79.5 83.7Net technical provisions bn 63.5 60.5 61.1 62.7 56.6Major losses(net)m 1,162 1,689 1,799 5,048 2,228Natural catastrophe losses m 538 764 1,284 4,538

6、 1,564Combined ratio property-casualty5%92.7 92.1 91.0 113.8 100.5Munich health 2014 2013 2012 2011 2010Gross premiums written bn 5.3 6.6 6.7 6.0 5.1Investments (incl.insurance-related investments)bn 3.9 3.6 4.2 4.6 4.1Net technical provisions bn 2.5 2.2 2.2 2.4 3.3Combined ratio6%98.8 98.3 100.2 99