Munich Re2010年年度报告.pdf

1、MUNICH RE GROUP ANNUAL REPORT20101 Previous years fi gures adjusted owing to recognition of Munich Health as a separate segment(see“Recognition and measurement”).2 Including amounts attributable to minority interests and policyholders.3 Before elimination of intra-Group transactions across segments.

2、4 Excluding health insurance conducted like life insurance.5 This includes own shares earmarked for retirement.Key fi gures(IFRS)1 Premium Consolidated resultPremium/result development80%60%40%20%0%20%40%60%80%201020092008200720061.5%2.0%5.2%59.8%27.9%62.4%11.5%9.5%0.5%9.9%Munich Re 2010 2009 2008 2

3、007 2006Gross premiums written bn 45.5 41.4 37.8 37.3 37.4Operating result m 3,978 4,721 3,834 5,573 5,877Taxes on income m 692 1,264 1,372 801 1,648Consolidated result m 2,430 2,564 1,579 3,923 3,519Attributable to non-controlling interests m 8 43 24 83 94Investments bn 193.1 182.2 174.9 176.2 176.

4、9Return on equity%10.4 11.8 7.0 15.3 14.1Equity bn 23.0 22.3 21.1 25.3 26.3Valuation reserves not recognised in balance sheet2?bn 3.6 3.2 2.5 0.8 1.9Net technical provisions bn 171.1 163.9 157.1 152.4 153.9Staf at 31 December 46,915 47,249 44,209 38,634 37,210Reinsurance3?2010 2009 2008 2007 2006Gro

5、ss premiums written bn 23.6 21.8 21.9 21.5 22.2Investments bn 83.7 76.8 78.4 81.9 85.0Net technical provisions bn 56.6 53.4 55.8 55.5 59.6Large and very large losses(net)m 2,228 1,157 1,507 1,126 585Natural catastrophe losses m 1,564 196 832 634 139Combined ratio property-casualty%100.5 95.3 99.4 96

6、.4 92.6Munich Health3?2010 2009Gross premiums written bn 5.1 4.0Investments bn 4.1 3.1Net technical provisions bn 3.3 2.9Combined ratio4%99.7 99.4Primary insurance3?2010 2009 2008 2007 2006Gross premiums written bn 17.5 16.6 17.0 17.3 16.7Investments bn 121.8 118.4 114.0 109.3 107.4Net technical pro