Munich Re to Pay Stable Dividend of Euros8.60 Per Share Despite High Hurricane Losses – Slight Improvement in Reinsurance Prices
CFO
Summary of the preliminary figures for the 2017 financial year
Equity fell by around
According to a provisional indication, and with due consideration of dividends and potential capital measures in 2018, the solvency ratio under Solvency II - calculated on a like-for-like basis - was almost unchanged at ~240 percent (31.12.2016: 242 percent). Taking into account the Solvency II transitional measures applied for by ERGO Leben and
Gross premiums written by the Group increased slightly in 2017 to
With a carrying amount of
Considering the situation in the capital markets, this investment result represents a relatively high return of 3.2 percent for the year as a whole, and 3.4 percent for the fourth quarter.
Reinsurance: Result of
The reinsurance field of business contributed
Life and health reinsurance contributed
Due to high natural catastrophe losses, the result in property-casualty reinsurance fell to
Total major-loss expenditure for 2017 amounted to
ERGO: Result of
In 2017, the ERGO field of business reported a profit of
Gross premiums written increased slightly to
The ERGO Strategy Programme reached important milestones in 2017: the online insurer "nexible" entered the renewal season in good time with a motor insurance product; new and agile IT units have started up operations; and new retirement provision products were brought to market.
Renewals of reinsurance treaties in property-casualty business at
Prices for the reinsurance treaties increased in the renewals as at
As at
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