Non-Life Reinsurance

  • Withdrawal from specialty business and dollar weakness cause premium to contract
  • Combined ratio and underwriting result improve, investment income dramatically lower
  • Globe Re: First transaction of its type packages risks and transfers them to the capital marke
left: Gross written premium 1) in EUR bn: 2004 = 6.0, 2005 = 7.2, 2006 = 7.1, 2007 = 5.6, 2008 = 5.7; right: Operating profit (EBIT) 1) in EUR m: 2004 = 581, 2005 = 33, 2006 = 813, 2007 = 886, 2008 = 121; All figures: IFRS 1) Comparability of figures for 2004 and 2005 is limited due to modified segment allocation

All figures: IFRS
1) Comparability of figures for 2004 and 2005 is limited due to modified segment allocation