Münchener Rückversicherungs-Gesellschaft Investor Presentation — August 2019

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Image: AdobeStock /LuckyStepHalf-year financial report

7 August 2019Agenda

Half-year financial report as at 30 June 2019 2Munich Re (Group) 9

53At the half -way stage of our 2020 strategic ambition,

we are well on track

H1 2019 Guidance 2019REINSURANCE

H1 2019 Guidance 2019ERGO

Sound reserving position and low level

of major losses in P -CESP well on track –pleasing

profitability across all segmentsH1 2019 Guidance 2019

Unchanged guidance given the usual

uncertainty concerning developments

in major losses in H2~2.1

Half-year financial report as at 30 June 2019GROUP

€bnConsistent progress towards our 2020 strategic ambition –

Select highlights of H1 2019

4Half-year financial report as at 30 June 2019REINSURANCE ERGO

Focus on profitable organic growth

(US, cyber , niche business)

Cost savings reinvested into new

business modelsAnnounced merger HDFC ERGO /

Apollo Munich in India

~€200m or ~71% of 2020 target cost

reduction already achieved

Global single -risk unit established,

pooling together ~560 employees

Re-engineering and automation of

accounting processes (~100 FTEs)Sale of 18 subscale subsidiaries

ERGO Direkt and ERV brands merged

A good number of newly developed

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