Munich Re2019年年度报告.pdf

1、 Group Annual Report 2019 Munich Re 2019 Key figures(IFRS)1 Munich Re at a glance 2019 2018 2017 2016 2015 Gross premiums written m 51,457 49,064 49,115 48,851 50,374 Net earned premiums m 48,280 45,735 47,164 47,118 48,309 Net expenses for claims and benefits m 39,685 35,116 41,645 38,498 38,731 Ne

2、t operating expenses m 13,249 12,587 12,186 12,295 12,367 Operating result m 4,004 3,725 1,241 4,025 4,819 Taxes on income m 483 576 298 760 476 Consolidated result m 2,707 2,275 392 2,581 3,122 Attributable to non-controlling interests m 17 34 17 1 15 Earnings per share 18.97 15.53 2.44 16.13 18.73

3、 Return on equity(RoE)%9.2 8.4 1.3 8.1 10.0 Return on investments(RoI)%3.2 2.8 3.2 3.2 3.2 Dividend per share2 9.80 9.25 8.60 8.60 8.25 Dividend payout2 m 1,374 1,335 1,286 1,333 1,329 Share price at 31 December 263.00 190.55 180.75 179.65 184.55 Munich Reinsurance Companys market capitalisation at

4、31 December bn 38.0 28.5 28.0 28.9 30.8 Carrying amount per share 215.32 180.86 185.19 200.86 188.40 Investments m 228,764 216,852 217,562 221,752 217,587 Insurance-related investments m 9,163 8,424 9,664 9,558 9,163 Equity m 30,576 26,500 28,198 31,785 30,966 Off-balance-sheet unrealised gains and

5、losses3 m 19,913 16,067 14,980 17,276 15,958 Net technical provisions m 217,941 208,270 205,754 202,240 198,455 Balance sheet total m 287,553 270,168 265,722 267,805 268,868 Staff at 31 December 39,662 41,410 42,410 43,428 43,554 Reinsurance 2019 2018 2017 2016 2015 Gross premiums written m 33,807 3

6、1,286 31,569 31,463 Investments(incl.insurance-related investments)m 92,429 85,605 85,804 91,928 Net technical provisions m 77,166 72,407 68,109 67,067 Major losses(net)m 3,124 2,152 4,314 1,542 1,046 Natural catastrophe losses m 2,053 1,256 3,678 929 149 Combined ratio property-casualty%101.0 99.4