Property/Casualty Primary Insurance

  • Gross premiums slightly lower than in the previous year, in part due to exchange rate effects
  • Still among the market leaders in Germany; industrial insurance shows slight growth in fiercely competitive climate
  • Foreign business is growing organically and through acquisitions – entry into the private customer market in Mexico, joint venture in India
left: Gross written premium 1) in EUR bn: 2004 = 5.4, 2005 = 3.5, 2006 = 5.6, 2007 = 6.0, 2008 = 5.9; right: Operating profit (EBIT) 1) in EUR m: 2004 = 104, 2005 = 340, 2006 = 339, 2007 = 240, 2008 = 258; All figures: IFRS 1) Comparability of figures for 2004 and 2005 is limited due to modified segment allocation

All figures: IFRS
*) Years up to and including 2007 are not comparable with 2008/2009 due to modified segment allocation