See here for a complete list of exchanges and delays. auditors report, Remuneration report FY 2021 incl. PDF Report. Company. They will also be available at the Annual General Meeting. It is proposed to make use of this option so that the members of the Supervisory Board would be able to attend General Meetings even in situations where their physical attendance at the venue of the General Meeting was impossible or would require significant effort. global threats is widespread among G7 and BRICS nations. PDF Remuneration Report FY 2021 incl Auditors Report - Munich Re Here you can find the archive of reports and presentations 2018-2009. At 20m (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. The Company may provide for preferred acceptance of small lots of shares (up to 100 shares tendered per shareholder). The net balance of write-ups and write-downs declined substantially to 1,122m (171m), mainly due to gross write-downs of almost 700m (net: 370m) on Russian and Ukrainian bonds, which impacted the investment results of both reinsurance and ERGO. It is expected that Hurricane Ian caused roughly 1.6bn1 in losses after retrocession for Munich Re; this estimate remains subject to substantial uncertainty. Strategy development and implementation. Presentation 2020. Munich Re posts quarterly result of approx. 0.5bn and confirms annual The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Insurance Gap: the share of uninsured losses from natural disasters since 1980. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The remuneration report under Section 162 AktG is to be examined by the auditor as to whether the mandatory information under Section 162 (1) and (2) AktG was provided. The solvency ratio was approx. Quarterly statement 1/2022 Investor Relations. 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC). Resolution on the amendment of Article 15 (2) sentence 1 d) of the Articles of Association, 8. Presentation The current Articles of Association are available on the Companys website at www.munichre.com/agm (under Documents). Since 2022: 20% ESG Target(s) PDF Compensation Report - Swiss Re Annual Report German reinsurance giant Munich Re published a report on Monday indicating that the results of natural disasters cost $280 billion (247 billion) globally in 2021, highlighting a trend. In accordance with statutory provisions, there will therefore be no resolution in respect of this agenda item. The documents for Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft in Mnchen (hereinafter referred to as Munich Reinsurance Company or the Company) and the Group (also Munich Re for the purposes of agenda item 6) for the 2022 financial year are available on the internet at www.munichre.com/agm under Documents. Get to know our Group companies, branches and subsidiaries worldwide. *The livestream of our Balance Sheet Media Conference on the Financial Statements2022 today unfortunately experienced technical difficulties. Property-casualty reinsurance contributed 589m (358m) to the result in Q1. Supervisory Board | Munich Re Estimated global economic costs of cyber crime. Since it was founded in 1880, MunichRe has been known for its unrivalled risk-related expertise and its sound financial position. Reports and presentations | Munich Re Resolutions on amendments to the Articles of Association related to General Meetings, 8. Annual General Meeting 2022 | Munich Re Title. Lloyds Banking Group annual report and accounts for 2022. The Board of Management and the Supervisory Board propose that approval for the actions of the members of the Supervisory Board in the financial year 2022 be given for that period. a meeting without the physical presence of the shareholders and their proxies at the location of the General Meeting. Depending on the outcome of the ongoing quarterly closing and on account of sustained encouraging operating performance in all lines of business and a positive one-off effect at ERGO Life and Health Germany Munich Re anticipates a quarterly profit of about 0.5bn (consensus: 167m2). Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Annual report which provides a comprehensive overview of the company for the past year. The group consists of the reinsurance and ERGO business segments, as well as the asset management company MEAG. The Supervisory Board has also already approved the Group financial statements prepared by the Board of Management. Munich Re logo. 2022 Beazley plc SFCR. Liabilities March 31, 2023. Quarterly financial statementas at 30.06.2022, 10 August 2021
Reports, Presentations and Webinars - Beazley In the Property-casualty Germany segment, the combined ratio was 97.4% (94.2%). 45.61% of the share capital was represented at the 136th Annual General Meeting on 5 May 2023. However, it has become significantly more challenging to meet the 2022 profit target - which is subject to the realisation of currently anticipated positive one-off effects, particularly regarding investments. Resolution to approve the actions of the Supervisory Board, 5. Responsible investment | Munich Re Careers. Historical repository. regarding partnerships with legal capacity. In this case, a proposal for the appropriation of the profit with an unchanged dividend of 11.00 Euro per dividend-bearing, no-par-value share, suitably modified in the Payment of a dividend and Appropriations to other revenue reserves items, will be made to the Annual General Meeting. The requirement that the meeting chair be present at the venue of the General Meeting (Section 118a(2) sentence 3 AktG) will of course be complied with in such a case. The net balance of derivatives amounted to 116m (368m). The authorisation may be exercised as a whole or in partial amounts, on one or more occasions and for one or more purposes. 10. The Board of Management and the Supervisory Board propose to approve the remuneration report for the 2022 financial year, which was prepared and audited in accordance with Section 162 AktG. Letter to shareholders Open letter 2022 key figures 3,419m Consolidated result as per 31 Dec. 2022 24.63 AGM invitation with background information, Report of the Chair of the Board of Management Joachim Wenning on the occasion of the Annual General Meeting on 28 April 2022, Report of the Chair of the Supervisory Board Nikolaus von Bomhard on the occasion of the Annual General Meeting on 28 April 2022, Presence of Supervisory Board Members in Meetings of the Supervisory Board of Munich Reinsurance Company and its Committees in 2021, Notes on the confirmation of receipt of votes cast electronically and on the information of the receipt of power of attorney (and, if applicable, instructions), Notes on the confirmation of the recording and counting of votes, Further information on shareholders rights and options, Information in accordance with Section 125 German Stock Corporation Act in conjunction with DVO (EU) 2018/1212, Note on submission of questions and statements. Munich Re Half -Year Financial Report 2022 Key figures Business performance of the Group and overview of investment performance Q1-2 2022 Q1-2 2021 Change Q2 2022 Q2 2021 Change % % Insurance-related investment result m -1,126 765 - -703 352 - Currency result m 502 -140 - 485 -117 - . Life and health reinsurance business generated a loss of 78m (+52m) in Q1, mainly due to COVID-19-related losses of 150m, above all from the Omicron wave in the USA. Solutions. Based on the recommendation of the Audit Committee, the Supervisory Board proposes to appoint Ernst&Young GmbH Wirtschaftsprfungsgesellschaft, Stuttgart. f) The authorisations in accordance with subitem c) may be utilised one or more times, partially or wholly, individually or jointly; the authorisations in accordance with subitems c) bb), cc) or dd) may also be utilised by Group Companies, or by third parties acting for the Company or for Group Companies. The currency result totalled 17m (23m), and the effective tax rate was 17.6% (16.3%). Prices were up overall in the sectional markets, with significantly different trends dependent upon claims experience, future loss expectations and the situation in each individual market. Selling in this regard may also include the granting of conversion or subscription rights or of warrants and the transferring of shares in conjunction with securities lending. The voting results on the agenda items were as follows. Munich Re Italy - Mnchener Rck Servizi Tecnici S.r.l. AGM 2021 Invitation. Resolution on the election of the auditor and Group auditor, the auditor for the solvency balance sheets, and the auditor for the review of the condensed financial statements, the interim management report, and any additional mid-year financial information, 6. Facts. Around $120 billion of these losses were insured, which comes in above the. The operating result rose to 654m (558m) and gross premiums written increased to 11,307m (9,389m). This development was essentially due to the rise in interest rates. Get to know our Group companies, branches and subsidiaries worldwide. Since the change to the German Stock Corporation Act (Aktiengesetz - AktG) by the Act Implementing the Shareholders Rights Directive (ARUG II), the Board of Management and the Supervisory Board are to prepare a remuneration report annually under Section 162 AktG. 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), Presentation (Joachim Wenning, Christoph Jurecka), Financial Supplement (preliminary figures), Presentation (Christoph Jurecka) (PDF, 1.3 MB), Presentation (Christoph Jurecka) (PDF, 1 MB), Presentation: Re|think complexity Be better prepared for systemic risks (PDF, 1 MB), Presentation (Joachim Wenning, Christoph Jurecka) (PDF, 1.1 MB), Half-year financial report 2020 (PDF, 839 KB), Presentation (Joachim Wenning, Torsten Jeworrek, Markus Rie, Christoph Jurecka) (PDF, 1 MB), Presentation (Joachim Wenning, Torsten Jeworrek, Christoph Jurecka, Markus Rie) (PDF, 1.8 MB), Preliminary key figures 2018 and renewals (PDF, 166 KB), Presentation (Christoph Jurecka) (PDF, 620 KB), Presentation (Christoph Jurecka) (PDF, 622 KB), Presentation (Joachim Wenning, Christoph Jurecka) (PDF, 842 KB), Half-year financial report 2019 (PDF, 385 KB), Annual General Meeting 2019 Printed version and recording (Investor Relations), Joachim Wenning, Chief Executive Officer, Chairman of the Board of Management, Christoph Jurecka, Chief Financial Officer, Member of the Board of Management, Markus Rie, Chief Executive Officer ERGO, Member of the Board of Management, Torsten Jeworrek, Chief Executive Officer Reinsurance, Member of the Board of Management. The opening of the Virtual Annual General Meeting by the meeting chair and the address by the Chairman of the Board of Management will be available as a recordingafter the end of the Virtual Annual General Meeting. Our Standards: The Thomson Reuters Trust Principles. The proposal merely aims to authorise the Board of Management to hold Virtual General Meetings. The Virtual General Meeting is closely modelled on the physical meeting. The exchange offer may provide for further conditions. Munich Re's property/casualty reinsurance segment contributed $2 billion to the 2022 result. 2022. Here you can find the archive of reports and presentations 2018-2010. Munich Re surpasses profit target | Munich Re The annualised return on equity (RoE) for Q1 2022 was 9.8% (10.4%). Munich Re has reached its limit for free report views. Premium income rose to 3,369m (3,058m). The shares acquired plus other own shares in the possession of the Company, or attributable to the Company pursuant to Sections 71d and 71e AktG, may at no time amount to more than 10% of the share capital. SUPERVISORY BOARD. ISIN DE0008430026 / WKN 843002
The financial statements presented by the Board of Management have already been approved by the Supervisory Board; the financial statements have thus been adopted. . b) The shares may be acquired at the option of the Board of Management aa) via the stock exchange; or bb) via a public purchase offer to all shareholders; or cc) via a solicitation to all shareholders to submit sales offers (request to sell); or dd) via a public offer to all shareholders to exchange Munich Reinsurance Company shares for shares in another listed company as defined in Section 3 (2) AktG. At 27,783m, equity was down from the level at the start of the year (30,945m), mainly due to a decline in valuation reserves on fixed-interest securities. They will also be available at the Annual General Meeting. In other words, price increases are offset if they are associated with increased risk and, consequently, elevated loss expectations. The operating result was 763m, compared with 1,554m for the same quarter last year, and the other non-operating result amounted to -11m (-9m). Reports and presentations | Munich Re This does not seem appropriate, especially before using the new virtual format for the first time. This includes the votes cast by postal voting. The voting results on the agenda items were as follows. Munich RE Publications The Trustee is required by law to make the following information available: Fund's Governing Rules Date File Size Description Deed of Consolidation and Amendment 3 April 2020 834 KB Consolidation of past Trust Deeds dated 3 April 2020 Actuarial Valuations Date File Size Description Munich Re posts solid quarterly result | Munich Re EN. This development was driven by major losses as well as normal seasonal fluctuations in premiums and claims. This figure is, as always, risk-adjusted. Explore Munich Re Group. Munich Re generated a profit of 608m (589m) in Q1 2022. If after a public exchange offer there are significant deviations in the relevant share price, the offer may be adjusted. November. It offers customers financial protection when faced with exceptional levels of damage from the 1906 San Francisco earthquake through Hurricane Ida in 2021. His employment contract was terminated by mutual agreement at the close of 30 September 2022. as auditor for the review of thecondensed financial statements and the interim management report for the first half-year of the 2023 financial year, and for any additional mid-year financial information for the 2023 financial year and the first quarter of the 2024 financial year. Both quarterly and annual earnings beat expectations, Shares hit by investor profit-taking -JPM. Quarterly statement 1/2023. Article 3(4) sentence2 of the Articles of Association is thus to read as follows in future: Entries under a persons or partnerships own name in respect of shares belonging to a third party shall be subject to the following conditions: a) There will be no further requirements in respect of entries of holdings by any one natural or juristic person or partnership with legal capacity up to 0.1% of the share capital as stated in the Articles of Association; b) for entries of holdings by any one natural or juristic person or partnership with legal capacity in excess of 0.1% of the share capital as stated in the Articles of Association, registration requires that, at the request of the Company, nominees make a clear commitment to disclose within a reasonable period any information demanded by the Company pursuant to paragraph (3) above in respect of persons or partnerships with legal capacity holding more than 0.1% of the share capital as stated in the Articles of Association.. 0001363829-21-000024.pdf. The legal framework for holding Virtual General Meetings in Germany has recently been fundamentally changed. They will also be accessible there during the Annual General Meeting. The basis for calculating the relevant value of each Company share and of each Exchange Share is to be the respective arithmetic mean of the closing price in Xetra trading on the Frankfurt Stock Exchange on the fifth, fourth and third trading day before the date on which the exchange offer is published. The Property-casualty Germany segment saw particularly strong premium growth. Global natural disaster losses in 2022 totaled $270 billion USD, according to a recent report from Munich Re. cc) They may be sold to third parties for cash other than via the stock exchange or via an offer to all shareholders. . Resolution on the approval of the remuneration report, 7. ff) They may be retired without a further resolution of the Annual General Meeting being required. Munich Re Italy - Mnchener Rck Servizi Tecnici S.r.l. They will also be accessible there during the Annual General Meeting. The operating result totalled 780m (798m), while the other non-operating result amounted to -14m (- 12m). The temporary authorisation to acquire and dispose of own shares, granted by the Annual General Meeting on 29 April 2020, expires on 28 April 2023 and is to be renewed in good time. April 21, 2023 VIEW. Submission of the adopted Company financial statements, the approved consolidated financial statements, the combined management report for Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft in Mnchen and the Group, each for the 2022 financial year, as well as the report of the Supervisory Board and the explanatory report on the information pursuant to Sections 289a and 315a of the German Commercial Code (HGB), 2. - From 1 January 2022, at least one ESG objective is agreed on in connection with the multi-year bonus. Download. Presentation 71.8%. 2022 Beazley Insurance dac, Zurich branch - Financial Condition Report. Annual General Meeting approves increased dividend of 11 per share, Shareholder Portal and Shareholder Service, American Alternative Insurance Corporation (AAIC), HSB - The Hartford Steam Boiler Inspection and Insurance Company, Munich Re Asia Pacific Life and Health (APAC). The documents for Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft in Mnchen (hereinafter referred to as Munich Reinsurance Company or the Company) and the Group (also Munich Re for the purposes of agenda item 6) for the 2021 financial year are available on the internet at www.munichre.com/agm (under Documents). Here you can find the archive of reports and presentations 2009-2001. PDF Munich Re Group Annual Report 2022 16 (6) of the EU Audit Regulation (Regulation (EU) No. 07 November 2024. While the German Stock Corporation Act allows an authorisation for a period of approximately five years, the proposed resolution provides for a considerably reduced duration of two years after the entry of the amendment to the Articles of Association in the commercial register. Section67 AktG, which governs entries in the shareholders register, has been amended by the Act on Modernising Partnership Law (MoPeG) dated 10 August 2021 (Federal Gazette I, p. 3436 ff.) Variable remuneration Assessment bases and link to corporate strategy Variable remuneration comprises an annual and a multi-year component, both of which are related to the future. On the one hand, it is possible for the Articles of Association to provide for the mandatory holding of Virtual General Meetings. 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). 2022 Beazley Insurance dac SFCR. This report provides an update on how we're building an inclusive society, including promoting financial inclusion, improving access to quality housing . The Company has had registered shares since it was founded and is thus required to keep a shareholders register. Overview: Remuneration system for the Board of Management as of 1 January 2021 (including changes as of 1 January 2022) 24 February 2021. We took the same approach to our investments in the region. The following new paragraph 3 is to be inserted after the new Article 7(2) of the Articles of Association: (3) In consultation with the Chair of the Supervisory Board, the members of the Supervisory Board are allowed to attend General Meetings by means of video and audio transmission if their physical attendance at the venue of the General Meeting is impossible or would require significant effort, due to health or legal restrictions, stays abroad, or for other professional or important personal reasons, or if the General Meeting is held as a Virtual General Meeting.. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Event calendar | Munich Re 2023. If the Board of Management decides to hold a Virtual General Meeting, it will presumably be designed similarly to the Annual General Meeting on 5 May 2023, i.e. Munich Res investment result decreased to 987m (1,691m) in Q1. Munich Security Report 2022 | Unlearning Helplessness Financial Results 3Q 2023 Munich. All forecasts and targets face considerable uncertainty owing to fragile macroeconomic developments, volatile capital markets and the unclear future of the pandemic. aa) If the shares are bought back via the stock exchange, the purchase price (excluding incidental expenses) may not exceed by more than 10% or undercut by more than 20% the arithmetic mean of the closing price in Xetra trading on the Frankfurt Stock Exchange determined for Company shares on the last three days of trading prior to the commitment to purchase. Summary of the figures for the 2021 financial year. Major losses of over 10m each totalled 667m (892m). Upon acceptance, the final purchase price is to be determined from all the submitted sales offers. The dividends are thus scheduled to be paid out on 10 May 2023. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development of our Company, in particular the results, financial situation and performance. Open. $4.9 bn. The Supervisory Board and the Board of Management propose that the net retained profits of 1,595,694,758.80 for 2022 be utilised as follows: The Board of Management and the Supervisory Board propose that approval for the actions of the members of the Board of Management in the financial year 2022 be given for that period. 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. Cash remuneration, in the year after the four-year plan term . Submission of the adopted Company financial statements, the approved consolidated financial statements, the combined management report for Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft in Mnchen and the Group, each for the 2021 financial year, as well as the report of the Supervisory Board and the explanatory report on the information pursuant to Sections 289a and 315a of the German Commercial Code (HGB), 2. Get to know our Group companies, branches and subsidiaries worldwide. Linfox - Publications - Towers Watson Pursuant to Section 58 (4) sentence 2 of the German Stock Corporation Act (AktG), the right to the dividend becomes due on the third business day following the resolution of the Annual General Meeting.