Munich Re2015年年度报告.pdf

1、Group Annual Report 2015Munich ReWE PROGRESS AS ONEKey figures(IFRS)1Munich Re at a glance 20152014201320122011Gross premiums written bn 50.4 48.8 51.1 52.0 49.5Net earned premiums bn 48.3 47.4 49.2 50.5 47.3Net expenses for claims and benefits bn 38.739.739.941.040.9Net operating expenses bn 12.412

2、.012.412.612.0Operating result m 4,819 4,027 4,398 5,349 1,180Taxes on income m 476312108878552Consolidated result m 3,122 3,170 3,333 3,204712Attributable to non-controlling interests m 1518291610Earnings per share 18.73 18.31 18.45 17.94 3.94Dividend per share 8.25 7.75 7.25 7.00 6.25Dividend payo

3、ut m 1,335 1,293 1,254 1,255 1,110Share price at 31 December 184.55 165.75 160.15 136.00 94.78Munich Res market capitalisation at 31 December2bn30.8 28.7 28.7 24.4 17.0Book value per share 188.40 178.13 146.15 152.34 129.99Investmentsbn215.1 218.9 202.2 213.8 201.7Insurance-related investments bn 9.

4、2 8.5 7.3Equitybn31.0 30.3 26.2 27.4 23.3Return on equity%10.0 11.3 12.5 12.5 3.3Off-balance-sheet unrealised gains and losses3bn16.0 17.4 8.7 11.0 5.7Net technical provisions bn 198.5 198.4 187.7 186.1 181.2Balance sheet total bn 276.5 273.0 254.3 258.4 247.6Staff at 31 December 43,554 43,316 44,66

5、5 45,437 47,206Reinsurance 20152014201320122011Gross premiums written bn 28.2 26.8 27.8 28.2 26.0Investments(incl.insurance-related investments)bn 89.2 88.0 79.2 83.8 79.5Net technical provisions bn 65.4 63.5 60.5 61.1 62.7Major losses(net)m 1,0461,1621,6891,7995,048Natural catastrophe losses m 1495

6、387641,2844,538Combined ratio property-casualty4%89.7 92.7 92.1 91.0 113.8Munich Health 20152014201320122011Gross premiums written bn 5.6 5.3 6.6 6.7 6.0Investments(incl.insurance-related investments)bn 4.1 3.9 3.6 4.2 4.6Net technical provisions bn 2.8 2.5 2.2 2.2 2.4Combined ratio5%99.9 98.8 98.3