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ots Ad hoc-Service: Münchener Rückvers. <DE0008430026> Munich Re Group: Provisional figures 2000 Munich Re key provisional figures for 2000

Munich (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Munich Re Group: Provisional figures
2000 Munich Re key provisional figures for 2000: Record profit for
the year of EUR 1.75bn / Adjusted to take account of special items,
the result for the year rose by 50% / The Board of Management and
Supervisory Board anticipate a significantly higher dividend of EUR
1.25 per share / Successful round of renewals 2001 in reinsurance /
High level of growth in primary insurance through acquisitions / Once
again top ratings from rating agencies
Munich Re announces its key provisional figures in the company
accounts for the business year 2000: The Munich Re Group -
reinsurance, primary insurance, asset management - grew strongly in
2000. Gross premium income rose by 13.5% to EUR 31.1bn. The operating
result of the Group (as in the previous year: before taxes,
amortization of goodwill and minority interests) went up from EUR
1.8bn to EUR 2.6bn. The profit for the year increased by 54.5% to EUR
1.75bn; earnings per share amount to EUR 9.89, compared with EUR 6.45
last year. Two special items contributed towards substantially
boosting the result for the year: the first- time consolidation of
the special funds in line with the modified IAS Committee added EUR
180m, and the further lowering of the German corporation tax rate to
25% - after the fall in the previous year - added another EUR 320m.
Even after adjustment to take account of these special items, the
Group profit for the year was still up by no less than 50%. Despite a
difficult environment, Munich Re AG too was able to further raise its
profit for the year. Some EUR 220m is to be taken from the balance
sheet profit of EUR 441m to strengthen the reserves. The Supervisory
Board and Board of Management will propose to shareholders at the AGM
(on 18th July) that a dividend of EUR 1.25 (0.95 in the previous
year) per share be paid. This being the eighth increase in dividend
in ten years, Munich Re has thus raised the annual dividend amount
since 1990 by 550%. Details on reinsurance, primary insurance, asset
management, outlook for 2001 and top ratings from rating agencies are
contained in the press release which will be published immediately
after this ad hoc announcement. Munich, 30th March 2001 Munich
Reinsurance Company Board of Management
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