Munich Re2020年年度报告.pdf

1、 Group Annual Report 2020 Munich Re 2020 Key figures(IFRS)1,2 Munich Re at a glance 2020 2019 2018 2017 2016 Gross premiums written m 54,890 51,457 49,064 49,115 48,851 Net earned premiums m 51,223 48,280 45,735 47,164 47,118 Net expenses for claims and benefits m 43,077 39,685 35,116 41,645 38,498

2、Net operating expenses m 12,815 13,056 12,587 12,186 12,295 Operating result m 1,986 3,430 3,725 1,241 4,025 Taxes on income m 269 483 576 298 760 Consolidated result m 1,211 2,707 2,275 392 2,581 Attributable to non-controlling interests m 0 17 34 17 1 Earnings per share 8.63 18.97 15.53 2.44 16.13

3、 Return on equity(RoE)3%5.3 11.7 8.4 1.3 8.1 Return on investments(RoI)%3.0 3.2 2.8 3.2 3.2 Dividend per share4 9.80 9.80 9.25 8.60 8.60 Dividend payout4 m 1,373 1,373 1,335 1,286 1,333 Share price at 31 December 242.80 263.00 190.55 180.75 179.65 Munich Reinsurance Companys market capitalisation at

4、 31 December bn 34.0 38.0 28.5 28.0 28.9 Carrying amount per share 213.38 215.32 180.86 185.19 200.86 Investments m 232,950 228,764 216,852 217,562 221,752 Insurance-related investments m 11,033 9,163 8,424 9,664 9,558 Equity m 29,994 30,576 26,500 28,198 31,785 Off-balance-sheet unrealised gains an

5、d losses5 m 21,298 19,913 16,067 14,980 17,276 Net technical provisions m 221,480 217,941 208,270 205,754 202,240 Balance sheet total m 297,946 287,553 270,168 265,722 267,805 Staff at 31 December 39,642 39,662 41,410 42,410 43,428 Reinsurance 2020 2019 2018 2017 2016 Gross premiums written m 37,321

6、 33,807 31,286 31,569 31,463 Investments(incl.insurance-related investments)m 94,631 92,429 85,605 85,804 91,928 Net technical provisions m 78,190 77,166 72,407 68,109 67,067 Major losses(net)m 4,689 3,124 2,152 4,314 1,542 Natural catastrophe losses m 906 2,053 1,256 3,678 929 Combined ratio proper