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Munich Re has reported that in 2015 operated as solid as his profit and gross written premium remained stable.

Munich Re has reported that in 2015 operated as solid as his profit and gross written premium remained stable.

The realized profit Munich Re in 2015 was about the same and amounts to 3.1 billion euros, while the gross premium written increased to 50.4 billion euros, compared with 2014, when the profit amounted to 3.2 billion euros, and gross written premium of 48.8 billion euros.

Reinsurance sector companies in 2015 achieved 28.2 billion euros of premiums, an increase compared to 26.8 billion in 2014. Combined ratio in 2015 improved to 89.7 percent, due to the fact that a year ago was 92.7 percent.

Munich Re has achieved growth in operating profit, which in 2015 amounted to 4.8 billion euros, as opposed to 4 billion euros the previous year.

“Given such a challenging market environment, we are satisfied with the results for 2015. Although we used and different influences, such as low impact of catastrophic damage to the business,we achived good results primarily thanks operational profitability and a stable portfolio,” said CEO Finance Munich Re Jörg Schneider.

“Also, we are satisfied with the figures from the January renewal of reinsurance treaties. Despite the difficult market environment, Munich Re has achieved an attractive business opportunity. Customers who want sophisticated underwriting solutions with value, favored us,” he added.

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