USD millions, unless otherwise stated |
Property & Casualty Reinsurance |
Life & Health Reinsurance |
Corporate Solutions |
Life Capital |
Group items |
Consolidation |
Total |
||
|---|---|---|---|---|---|---|---|---|---|
|
|||||||||
|
|
|
|
|
|
|
|
||
2019 |
|
|
|
|
|
|
|
||
Underwriting result |
|
|
|
|
|
|
|
||
Gross premiums and fees |
24 174 |
27 244 |
4 767 |
2 656 |
|
–517 |
58 325 |
||
Gross premiums and fees growth rate, % |
27.1 |
37.9 |
6.2 |
92.9 |
n/a |
|
30.2 |
||
Premiums and fees |
23 540 |
27 213 |
4 071 |
2 296 |
|
|
57 120 |
||
Premiums and fees retention rate, % |
97.4 |
99.9 |
85.4 |
86.5 |
n/a |
|
97.9 |
||
Premiums and fees growth rate, % |
26.5 |
34.4 |
2.8 |
120.4 |
n/a |
|
30.2 |
||
Claims and benefits |
–15 937 |
–21 021 |
–2 197 |
–1 758 |
|
|
–40 913 |
||
Commissions |
–5 873 |
–2 702 |
–626 |
–334 |
|
|
–9 536 |
||
Other |
14 |
–6 |
59 |
380 |
4 |
|
452 |
||
Gross underwriting result – new business |
1 745 |
3 484 |
1 307 |
584 |
4 |
0 |
7 123 |
||
Expenses |
–1 411 |
–828 |
–875 |
–402 |
–123 |
|
–3 639 |
||
Net underwriting result – new business |
334 |
2 656 |
432 |
182 |
–119 |
0 |
3 485 |
||
Taxes |
–209 |
–417 |
–90 |
39 |
70 |
|
–607 |
||
Capital costs |
–334 |
–931 |
–178 |
–88 |
–140 |
|
–1 672 |
||
EVM profit – new business |
–209 |
1 308 |
164 |
133 |
–190 |
0 |
1 206 |
||
EVM profit – previous years’ business |
–1 814 |
–272 |
–1 081 |
–137 |
11 |
0 |
–3 293 |
||
EVM profit – underwriting |
–2 023 |
1 036 |
–917 |
–4 |
–179 |
0 |
–2 087 |
||
Investment result |
|
|
|
|
|
|
|
||
Mark-to-market investment result |
3 370 |
3 388 |
541 |
1 870 |
395 |
|
9 565 |
||
Benchmark investment result |
–2 099 |
–2 166 |
–357 |
–933 |
–91 |
|
–5 645 |
||
Gross outperformance (underperformance) |
1 272 |
1 222 |
185 |
937 |
304 |
0 |
3 920 |
||
Other |
66 |
26 |
11 |
13 |
1 |
|
117 |
||
Expenses |
–103 |
–71 |
–20 |
–28 |
–26 |
|
–249 |
||
Net outperformance (underperformance) |
1 234 |
1 178 |
175 |
922 |
278 |
0 |
3 788 |
||
Taxes |
–269 |
–242 |
–38 |
–188 |
–72 |
|
–810 |
||
Capital costs |
–338 |
–197 |
–25 |
–139 |
–211 |
|
–910 |
||
EVM profit – investments |
627 |
739 |
112 |
596 |
–6 |
0 |
2 068 |
||
EVM profit |
–1 396 |
1 775 |
–805 |
591 |
–184 |
0 |
–19 |
||
Cost of debt |
–273 |
–322 |
–45 |
–151 |
–50 |
|
–841 |
||
Release of current year capital costs |
931 |
980 |
176 |
346 |
479 |
|
2 911 |
||
Additional taxes |
386 |
223 |
–52 |
151 |
172 |
|
881 |
||
Total contribution to ENW |
–351 |
2 656 |
–727 |
937 |
417 |
0 |
2 932 |
||
|
|
|
|
|
|
|
|
||
Profit margin – new business, % |
–1.1 |
7.8 |
5.3 |
7.2 |
|
|
3.0 |
||
Profit margin – previous years’ business, %1 |
–19.5 |
–2.5 |
–88.8 |
–6.9 |
|
|
–14.2 |
||
Profit margin – investments, % |
23.2 |
18.8 |
20.5 |
|
–0.3 |
|
21.8 |
||