Munich Re2011年年度报告.pdf

1、Munich Re Group Annual ReportKey figures(IFRS)1 Including amounts attributable to minority interests and policyholders.2 Before elimination of intra-Group transactions across segments.3 The figure for 2011 is not adjusted for relief of 1.3 percentage points from economic risk transfer to the capital

2、 markets.4 Excluding health insurance conducted like life insurance.5 This includes own shares earmarked for retirement.Munich Re 2011 2010 2009 2008 2007Gross premiums written bn 49.6 45.5 41.4 37.8 37.3Operating result m 1,180 3,978 4,721 3,834 5,573Taxes on income m 552 692 1,264 1,372 801Consoli

3、dated result m 712 2,430 2,564 1,579 3,923Attributable to non-controlling interests m 10 8 43 24 83Investments bn 201.7 193.1 182.2 174.9 176.2Return on equity%3.3 10.4 11.8 7.0 15.3Equity bn 23.3 23.0 22.3 21.1 25.3Valuation reserves not recognised in balance sheet1 bn 5.7 3.6 3.2 2.5 0.8Net techni

4、cal provisions bn 181.2 171.1 163.9 157.1 152.4Staff at 31 December 47,206 46,915 47,249 44,209 38,634Reinsurance2 2011 2010 2009 2008 2007Gross premiums written bn 26.5 23.6 21.8 21.9 21.5Investments bn 88.7 83.7 76.8 78.4 81.9Net technical provisions bn 64.3 56.6 53.4 55.8 55.5Large and very large

5、 losses(net)m 5,126 2,228 1,157 1,507 1,126Natural catastrophe losses m 4,544 1,564 196 832 634Combined ratio property-casualty3%113.6 100.5 95.3 99.4 96.4Munich Health2 2011 2010 2009Gross premiums written bn 6.1 5.1 4.0Investments bn 5.9 4.1 3.1Net technical provisions bn 3.4 3.3 2.9Combined ratio

6、4%99.4 99.7 99.4Primary insurance2 2011 2010 2009 2008 2007Gross premiums written bn 17.6 17.5 16.6 17.0 17.3Investments bn 123.9 121.8 118.4 114.0 109.3Net technical provisions bn 113.5 111.2 107.7 101.4 96.9Combined ratio property-casualty%97.8 96.8 93.2 90.9 93.4Our shares 2011 2010 2009 2008 200