2022 Activity Report. SFCR 2020 Bericht ber Solvabilitt und Finanzlage Munich Re (Gruppe) Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Technology, Media, and Telecommunications, The 2022 Insurance Value Creators Report: Profitable Growth Is King, The 2022 Insurance Value Creators Report: Spotlight on US Property and Casualty, The 2021 Insurance Value Creators Report: Reinvention Paves the Way to a Bright Future. All quotes delayed a minimum of 15 minutes. . Man-made major losses declined to EUR185m (247m). Major-loss expenditure was partly offset by profitable premium growth and a good investment result. Floods in Australia early in the year and again in October resulted in $4.7 billion in insured damages and $8.1 billion overall. We took the same approach to our investments in the region. Hier finden Sie das Archiv der Ergebnisse & Berichte 2018-2010. Munich Re is still aiming for a consolidated result of EUR3.3bn for the 2022 financial year. All rights reserved. Munich Re, one of the world's leading reinsurers, is a German company based in Munich.. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world's most sought-after risk partners for businesses, institutions, and private individuals. 04:15 pm, 2023-05-02 Careers. available to view on our partner site, ResponsibilityReports.com, Munich Re is one of the worlds leading providers of reinsurance, primary insurance and insurance-related risk solutions. Careers. Hurricanes and floods bring $120 billion in insurance losses in 2022 The operating result for the ERGO field of business amounted to EUR127m (240m). Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. . 04:15 pm. Whats more interesting is disaggregating the TSRs into their components. Munich Re's investment result decreased to EUR987m (1,691m) in Q1. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. The other targets communicated for 2022 in Munich Re's Group Annual Report 2021 remain unchanged. Similarly, changes are offset by the composition of different classes of business in the portfolio so as to make valid comparisons possible. Global Knowledge Business Senior Director Insurance. FATCA. Group CFO Munich Re 1mo The end . Particularly in light of higher inflation, Munich Re was deliberately cautious in calculating future loss expectations. At the Annual Report media conference on 5 July 2023, MAS Managing Director Mr Ravi Menon spoke on key focus areas, including MAS' financial results, monetary policy, wealth inflows and sustainability. 01:30 am, 2024-02-27 Explore Munich Re Groups. The most important challenge for management is making the right tradeoffs among increasing TBV, deploying free cash flow, and expanding or protecting valuation multiples. Download MAS Annual Report 2022/2023 Infographics. Munich Re Life US - Munich American Reassurance Company, Inc. Munich Re Underwriting Agents (DIFC) Ltd. Munich Re US - Munich Reinsurance America, Inc, Munich Reinsurance Company of Africa Limited (MRoA), Munich Reinsurance Company of Australasia, Munich Holdings of Australasia Pty Limited (MHA), The Princeton Excess and Surplus Lines Insurance Company (PESLIC). 1 MarketScreener is worth more than 1000 Influencers! Solutions. Reinsurance in Focus: The 2022 Insurance Value Creators Report An exclusive survey points to high levels of distrust in Europe around digital issues. EN. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. 01:30 am, 2023-03-07 By combining five metrics overall risk, potential damage, expected trajectory, perceived imminence, and feelings of preparedness the index, underpinned by a survey of 12,000 people globally, provides annual insights into how major countries view risk. DownloadMAS Annual Report 2022/2023 Infographics, Supervisory Approach and Regulatory Instruments, International and Regional Collaborations, Grants for Smaller Financial Institutions, Recent Economic Developments in Singapore, Singapore Overnight Rate Average (SORA) Interest Rate Benchmark, Singapore Government Securities (SGS) Bonds, Investing in Singapore Government Securities (SGS) Bonds, Investing in Singapore Savings Bonds (SSB), Brunei-Singapore Currency Interchangeability Agreement, Financial Sector Development Fund Annual Report, Interest Rates of Banks and Finance Companies, Monetary Authority: Assets and Liabilities, International Reserves/Foreign Currency Liquidity, Reserves Management Government Securities, View a list of Application Programming Interfaces (APIs), Opportunities for Mid-Career Professionals. The renewal results for January 2022 make it clear that this trend will continue this year and we will Overall, the segment reported good operational performance in Q1. Chair is Munich Reinsurance. Annual Report 2022 Download how 2022. Munich Re posts solid quarterly result Audiocast (German) 2022/08/09 Group Munich Re generates profit of 768m in Q2; confirms annual target Low combined ratio in property-casualty reinsurance; very good technical result in life and health reinsurance ERGO contributes 160m (155m) to Group Q2 result At EUR20m (51m), the Q1 technical result (including the result from business with non-significant risk transfer) fell short of the pro-rated annual target due to pandemic losses, mainly expected in the first half of the year. In addition, loss development in health and travel business returned to normal after a very good Q1 2021. Reinsurers' average annual total shareholder return has generally exceeded that of primary insurers over ten- and five-year horizons. 2020 report. Only one reinsurance company is among the top quartile of insurance value creators by five-year TSR. The United States once again accounted for a big portion of the losses with Hurricane Ian, which hit Florida in September, causing $60 billion of insured damages and $100 billion in total losses. The operating result totalled 636m (1,274m) in Q2, and gross premiums written increased to 11,339m (10,299m). The annual tally by Munich Re is higher than the average of $97 billion in insured losses over the previous five years and exceeds an initial estimate of $115 billion last month by rival Swiss Re (SRENH.S). 2019 . This media release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. This years insurance company sample comprises the largest stock exchange-listed insurers worldwide: 103 players with a market capitalization of more than $4.5 billion at the end of 2021, including 11 reinsurers. BCGs TSR methodology helps insurers explore these tradeoffs and make informed decisions about factors such as portfolio focus, capital allocation, and business units financial targets. Outlook for 2022: Annual target unchanged at EUR3.3bn. The new Munich Security Report (MSR) argues that just like people can suffer from learned helplessness a psychological term describing the feeling that nothing one does can effect positive change societies, too, may come to believe that they are unable to get a grip on the challenges they are facing. The primary focus of the renewals was business in North America, South America, Australia, and with global clients. FRANKFURT/MUNICH, Jan 9 (Reuters) - Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re. Munich Re : Company Events Publications and Financial Calendar | MUV2 The slideshow gives an overview of reinsurers TSR performance and provides comparisons with the global insurance industry and across primary insurance and reinsurance sectors. PDF Annual Report - Hannover Re There is also a widespread sense of helplessness in the face of present and looming threats among the twelve countries surveyed. Ergebnisse & Berichte | Munich Re Regular income from investments was up slightly to EUR1,458m (1,429m). BCG X disrupts the present and creates the future by building bold new tech products, services, and businesses. Total losses from natural catastrophes, including those not covered by insurance, were $270 billion in 2022. Close. The investment portfolio as at 31 March 2022 decreased compared with the 2021 year-end figure, with the carrying amount falling to EUR233,308m (240,300m); the market values amounted to EUR245,860m (257,485m). This media release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. BCG was the pioneer in business strategy when it was founded in 1963. Profitable growth is what sets apart the leaders from the laggards. Risks. Munich Re news - from Reinsurance News Acquire to know our Group companies, branches and subsidiaries worldwide. 2020. Reinsurers average annual TSR has generally exceeded that of primary insurers over ten- and five-year horizons. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies or cyberattacks. An improved operational performance was not able to fully offset the low investment result. The Annual Report outlines MAS' activities and achievements in FY 2020/2021. 252% (227% as at 31December2021), which is above the optimum range (175220%). Associated. With its brutal and unprovoked invasion of a sovereign state, Moscow has also mounted an attack against the foundational principles of the post-World War II order. Munich Re continually seeks to set the amount of provisions for newly emerging claims at the very top end of the estimation range so that profits from the release of a portion of these reserves can be generated at a later stage. Munich Re beats 2022 profit target with 74% Q4 jump In Q22022, annualised return on equity (RoE) amounted to 12.3% (19.2%); the RoE for the first half-year was 11.2% (15.0%). Explore Munich Re Group. This figure includes gains from the settlement of major losses from previous years of around EUR100m. 1 MarketScreener is worth more than 1000 Influencers! Upcoming events on Munich Re See more Past events on Munich Re See more Past dividends on Munich Re See more Annual results Fiscal Period December 2018 2019 2020 2021 2022 2023 Quarterly results Fiscal Period December 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 EN. Finish. Press Releases. Annual report 2022 | Munich Re - Annual report 2022 | Munich Re The ERGO Life and Health Germany segment contributed EUR44m (94m) to the result owing to a comparatively low investment result. Open. Munich Re posts solid quarterly result | Munich Re Unlocking new possibilities for the future of financial services through Digital Assets, Worlds largest festival for the FinTech community to connect, collaborate and co-create, World's first to use national digital ID & online consent system for secure financial data, A collaborative AI-driven global solutions hub to foster SME digitalisation, Find out how Singapore can be a leading centre for Green and Sustainable Finance, Find out about the opportunities and plans that MAS has to grow your business areas, Read about the support that is available for your business operations, Find out how MAS and our partners build a pipeline of financial professionals and leaders, Read about MAS monetary policy framework, central bank operations and related information, Get information on SSB, SGS Bonds, T-bills, MAS Bills and MAS FRN, Discover more about the Singapores currency, Access the various consultations, monographs, macroeconomic reviews and other publications, View data on Singapores financial sector, reserves statistics, exchange rates and others, Get the latest news, speeches, updates and announcements, Find out about working in MAS and the various opportunities that are available. The industry leader for online information for tax, accounting and finance professionals. This is evident in the projected gross premium in this field of business, which has been adjusted upwards from EUR42.5bn to EUR45bn and, in turn, raises the forecast for the Munich Re Group as a whole to EUR64bn. Solutions. Results & Reports | Munich Re - Munich Re Group Annual Report 2022 Net gains and losses on disposal excluding derivatives amounted to 727m (627m). This figure is, as always, risk-adjusted. They possess outstanding innovative strength, which enables them to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyber attacks, or pandemics. There is no doubt that higher interest rates are hard on a many people especially if you are taking out a loan on a home or a car, or are struggling to catch up with credit-card debt. Munich Re: losses from natural disasters 2008-2022 Online annual report: In an effort to enhancing sustainability, impressed versions of and reports are no longer available. The remuneration report drawn up by the Board of Management and the Supervisory Board for the financial year 2022 in accordance with Section 162 of the German Stock Corporation Act (AktG) was submitted to the Annual General Meeting on 5 May 2023 under agenda item 6 for approval. the multi-year bonus as of 2022. Annual reports - Munich Re Foundation All facts and figures in our latest report. A mounting tide of crises that reinforce each other threatens to overwhelm our societies and political systems. However, comparing the top-quartile performers in reinsurance with those in the global insurance industry, we found that reinsurers outperformance was driven by cash flow contributions (dividends and share buybacks) and favorable multiples, not growth in tangible book value (TBV). Not with, but how. These figures include gains and losses from the settlement of major losses from previous years. Remember that you also have access to further financial information on our website: Equity story. ERGO also saw significant growth in the second quarter: total premium income climbed to 4,782m (4,616m) in Q2; gross premiums written rose to 4,511m (4,343m). Even so, their average annual TSR of 8.1% over the five years from 2017 through 2021 still surpassed that of all primary insurance sectorsexcept for property and casualty. Risks. SCOR is a global reinsurance company providing its clients with a broad range of innovative solutions and services and a solid financial base. 2022. The 2022 edition of the Munich Security Report covers security challenges in Afghanistan, the Sahel region, the Horn of Africa, and Eastern Europe, as well as risks posed by dependencies in the supply chains of critical technologies and by growing inequality. As a result of high impairment losses on equities and fixed-interest securities in the first six months of 2022, Munich Re now expects the investment result to represent a return of over 2.0% (previous forecast: over 2.5%). 2022 Universal Registration Document. Munich Re Italy - Mnchener Rck Servizi Tecnici S.r.l. The 2022 Insurance Value Creators Report includes the following key findings about reinsurers: Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. Close. Munich Re Underwriting Agents (DIFC) Ltd. Munich Reinsurance Company of Australasia, Munich Holdings of Australasia Pty Limited (MHA), The Princeton Excess and Surplus Lines Insurance Company (PESLIC), Konsens auf Basis von 11 Analystenschtzungen (Englisch), Quartals-Medienkonferenz (Telefonkonferenz, Audiocast), Geschftsbericht 2022 (Onlineversion - Gruppe), Konsensus auf Basis von 10 Analystenschtzungen (Englisch), Paid and reported loss triangles 2022 (Englisch), SFCR 2022 Bericht ber Solvabilitt und Finanzlage Munich Re Gruppe, SFCR 2022 QRT S.32.01.22 Unternehmen der Gruppe, SFCR 2022 Bericht ber Solvabilitt und Finanzlage Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft in Mnchen, Konsens auf Basis von 15 Analystenschtzungen (Englisch), Konsensus auf Basis von 17 Analystenschtzungen (Englisch), Halbjahres-Mediengesprch (Telefonkonferenz, Audiocast), Geschftsbericht 2021 (Onlineversion - Gruppe), Konsens basierend auf 13 Analystenschtzungen (Englisch), Paid and reported loss triangles 2021 (Englisch), SFCR 2021 Bericht ber Solvabilitt und Finanzlage Munich Re (Gruppe), SFCR 2021 QRT S.32.01.22 Unternehmen der Gruppe, SFCR 2021 Bericht ber Solvabilitt und Finanzlage Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft in Mnchen, Konsens basierend auf 15 Analystenschtzungen (Englisch), Konsens basierend auf 14 Analystenschtzungen (Englisch), Corporate Responsibility Report 2020 (Englisch), Paid and reported loss triangles 2020 (Englisch), SFCR 2020 Bericht ber Solvabilitt und Finanzlage Munich Re (Gruppe), SFCR 2020 QRT S.32.01.22 Unternehmen der Gruppe, SFCR 2020 Bericht ber Solvabilitt und Finanzlage Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft in Mnchen, Corporate Responsibility Report 2019 (Englisch), Zusammengefasster nichtfinanzieller Bericht 2019, Angepasste Gewinn- und Verlustrechnung mit neuer Kostenallokation, Paid and reported loss triangles 2019 (Englisch), SFCR 2019 Bericht ber Solvabilitt und Finanzlage Munich Re (Gruppe), SFCR 2019 QRT S.32.01.22 Unternehmen der Gruppe, SFCR 2019 Bericht ber Solvabilitt und Finanzlage Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft in Mnchen. PDF 2022 Annual Report - Munich Re Foundation US. Solutions. Man-made major losses grew to 322m (229m), including 90m of losses caused by Russias attack on Ukraine (Q12: approximately 200m). The global reinsurance industrys total shareholder return (TSR) has, on average, remained below the cost of equity in recent years. The global reinsurance industrys total shareholder return (TSR) has, on average, remained below the cost of equity in recent years. ByChristian Reber,Nadine Moore,Raphael Troitzsch,Jacob Palmer,Davide Corradi, andJrgen Bohrmann. It offers customers financial protection when faced with exceptional levels of damage from the 1906 San Francisco earthquake through to the 2021 Hurricane Ida. 01:30 am, 2023-05-17 Premium volume increased substantially to EUR7,938m (6,330m), with a continued strong focus on quality. Munich Re Group Annual Report 2021 Munich Reinsurance Company benefited particularly from rate increases in property-casualty reinsurance. It also includes MAS financial statements and a message from MAS Chairman, Mr Tharman Shanmugaratnam. This poses a challenge to transatlantic tech cooperation. These companies TSRs are straightforward to measure: we combine share price gains and the impact of dividends and share-count change. The running yield was 3.0% and the yield on reinvestment rose substantially to 2.8%. In 2022, the reinsurance losses of Munich Re due to natural disasters amounted to around 2.4 billion euros - slightly lower than the value obtained the previous year. All rights reserved. Our Standards: The Thomson Reuters Trust Principles. 04:15 pm, 2023-05-01 FRANKFURT/MUNICH, Jan 9 (Reuters) - Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, warning that climate change was making storms more intense and frequent. Not whenever, but how. Annual Report 2022 Annual Report 2022 Key nancial gures m R U E Annual result70 StandardAA- & Poor's M.Best+ Gross premiums written in EUR m Pro t for the year in EUR m 824,919 % SST ratio 5,196194 4,9784,758156170 123 109 2,542 Local GAAP format(Swiss Code of Obligations) 1819202122 1819202122 Contents 02 NewRe at a glance Annual Reports - Odyssey Group Munich Re Italy - Mnchener Rck Servizi Tecnici S.r.l. The currency result totalled EUR17m (-23m), and the effective tax rate was 17.6% (16.3%). The index also enables an evaluation of how risk perceptions change over time. Despite the uncertainties of a challenging environment, Munich Re maintains its annual guidance of EUR3.3bn based on a quarterly profit of more than EUR600m. The equity-backing ratio including equity derivatives amounted to 7.5% as at 31 March 2022 (7.7% as at 31 December 2021). Us. 11:40 pm, 2023-02-23 All forecasts and targets face considerable uncertainty owing to fragile macroeconomic developments, volatile capital markets and the unclear future of the pandemic. 01:30 am, 2023-11-08 Munich Re is globally active and operates in all lines of the insurance business. 231% (227% as at 31 December 2021), which is above the optimum range (175-220%), and includes the deduction of EUR1bn share buy-back. Get to know our Group companies, arms and subsidiaries worldwide. The Company assumes no liability to update these forward-looking statements or to make them conform to future events or developments. PDF Partnering for progress - Swiss Re Annual Report PDF Annual Report 2022 - NewRe Results & Reports | Munich Re / Munich Re Group Annual Report 2022 Company. EN. Explore Munich Re Group. Annual reports can be downloaded in PDF format. In Q1, Munich Re posted expenditure related to the war in Ukraine of slightly over EUR100m in some specialty lines. At the Annual Report media conference on 5 July 2023, MAS Managing Director Mr Ravi Menon spoke on key focus areas, including MAS financial results, monetary policy, wealth inflows and sustainability. Company. No if, but wherewith. . The tax ratio rose sharply to 35.5% (19.6%). 05:00 am, 2022-11-08 At EUR27,783m, equity was down from the level at the start of the year (EUR30,945m), mainly due to a decline in valuation reserves on fixed-interest securities. In Q1, loss reserves of EUR291m (230m) were released for basic losses from prior years, which corresponds to 4.0% (4.0%) of net earned premiums. The equity-backing ratio including equity derivatives amounted to 7.0% as at 30 June 2022 (7.7% as at 31December2021). In other words, price increases are offset if they are associated with increased risk and, consequently, elevated loss expectations. The report features a range of exclusive and previously unpublished data. Major-loss expenditure corresponded to 7.5% (6.8%) of net earned premiums, and was thus below the long-term average expected value of 13%, both for Q2 and for the half-year (8.3%). Webcast. Covers German finance with a focus on big banks, insurance companies, regulation and financial crime, previous experience at the Wall Street Journal and New York Times in Europe and Asia. Corporation. Annual report 2022 | Munich Re - Annual Statements and New York Insurance Industry, September 12, 2022 Boston Consulting Group 2023. View Report Website View Financial Report. Munich Re anticipates that the market environment will remain stable in the next renewal round in July, offering attractive growth opportunities. Get to know our Group companies, branches and subsidiaries worldwide. Financial Information | SCOR Specialty insurance is underwritten via Hudson Insurance Group in the U.S. and through Newline Group internationally. 1 Munich Re Foundation / 2022 report E Editorial RENATE BLEICH Chair of the Munich Re Foundation Dear Readers, The year 2022 witnessed a number of grave crises, such as Russia's attack on Ukraine, energy and food shortages, the impact of the pandemic, galloping inflation, and increasing social inequality.