Munchener Ruckversicherungs-gesellschaft Ag · XETR:MUV2

Munchener Ruckversicherungs-gesellschaft — Munich Re — Corporate Update (February 2006)

13 slides from Munchener Ruckversicherungs-gesellschaft's corporate update, Feb 15, 2006

  1. Slide 1: The Munich Re Group Renewals 2006 Telephone conference

    The Munich Re Group Renewals 2006 Telephone conference for analysts and investors Torsten Jeworrek 15 February 2006

  2. Slide 2: Important notice

    Important notice ƒ Unless otherwise stated, this presentation is based on underwriting-year figures. This basis is only remotely comparable with calendar-year figures, which are in turn the basis of quarterly and annual accounts ƒ Portfolio developments are measured at constant foreign exchange rate

  3. Slide 3: Overview: General highlights

    Agenda Overview 4 Reinsurance Group 7 Lines of business/Regions 11 Outlook 20 The Munich Re Group Renewals 2006 at 15.2.2006 4 Overview General highlights Overall a positive outcome ƒ 66% of our total P&C business was due for renewal in January ƒ Achieved substantial price increases in loss-affected

  4. Slide 4: Renewal strategy: strict focus on risk adequate pricing

    Overview Renewal strategy Strict focus on risk adequate pricing ƒ Re-assessment of risks after 2005 natural catastrophes reflected in models for prices and accumulation control ƒ Rigorous cancellation of non-risk-adequate business ƒ Profitability the only driver of all underwriting decisions ƒ US hu

  5. Slide 5: January renewals 2006 and changes in premium

    Reinsurance Group January renewals 2006 (Premiums written) Two-thirds of portfolio renewed in % 100 –16.6 83.4 –17.9 65.5 100 75 50 25 0 Total Facultative Total renewable Later January portfolio treaty business renewals renewals The Munich Re Group Renewals 2006 at 15.2.2006 8 Reinsurance Group Chan

  6. Slide 6: Active Munich Re portfolio management

    Reinsurance Group Active Munich Re portfolio management Examples Growth Business rationale USA Motor proportional +€70m Short-tail automobile business in market (specialty writer) Global/ Agro +€90m Growth with a strategic client Special lines Cancelled business Business rationale USA WC –€95m Furth

  7. Slide 7: Breakdown of renewed business by line of business/region

    Lines of business/Regions Breakdown of renewed business by line of business/region Lines of Credit Property 6 (7) 38 (36) business Aviation 3 (3) in % Marine 9 (8) Casualty 44 (46) Global incl. special lines Europe Regions 28 (28) 49 (50) in % Americas 13 (12) Asia/Pacific The Munich Re Group Renewa

  8. Slide 8: Treaty business and Property changes in premium

    Lines of business/Regions Treaty business Achieved price as % of technical reference price Proportional 160 Property / Marine 140 Rate increases more than off-set 120 recalibration of nat. cat. models 2005 100 shown as-if with 2006 models 80 60 Casualty Property Casualty Marine Special Total risks P

  9. Slide 9: Casualty and Marine changes in premium

    Lines of business/Regions Casualty Changes in premium in % ƒ Generally stable, 100 –6.7 –3.6 89.7 –0.2 6.6 3.6 99.7 adequate price levels 100 ƒ Reduction in German Motor business due to 75 softening rates Decrease on renewed: –0.2% ƒ Stable terms and Thereof conditions 50 ƒ rate increase: 1.8% ƒ sha

  10. Slide 10: Aviation and Credit changes in premium

    Lines of business/Regions Aviation1 Changes in premium in % ƒ Airlines: Rate 100 –4.8 0.0 95.2 –6.3 8.1 0.0 97.0 reduction due to high competition ƒ General aviation 100 and products: Stable rates 75 Decrease on renewed: –6.3% Thereof 50 ƒ rate decrease: –6.3% 25 0 Total Cancelled Pending Renewed In

  11. Slide 11: Outlook: Market outlook, Munich Re well positioned

    Agenda Overview 4 Reinsurance Group 7 Lines of business/Regions 11 Outlook 20 The Munich Re Group Renewals 2006 at 15.2.2006 20 Outlook Market outlook Munich Re well positioned ƒ Overall expectation of continued risk adequate price levels in April and July renewals ƒ Pricing trends in 2006 largely d

  12. Slide 12: Appendix: Financial calendar

    Appendix Financial calendar Contacts Disclaimer The Munich Re Group Renewals 2006 at 15.2.2006 22 Appendix Financial calendar 14 March 2006 Annual report 2005 15 March 2006 Analysts' conference 19 April 2006 Annual General Meeting 20 April 2006 Dividend payment 9 May 2006 Interim report as at 31 Mar

  13. Slide 13: For information please contact / Disclaimer

    Appendix For information please contact Sascha Bibert Head of Investor Relations Tel.: +49 (89) 38 91-39 10 E-mail: sbibert@munichre.com Ralf Kleinschroth Tel.: +49 (89) 38 91-45 59 E-mail: rkleinschroth@munichre.com Robert Kinsella Frank Kopfinger Tel.: +49 (89) 38 91-30 19 Tel.: +49 (89) 38 91-28

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