Slight decline in Munich Re’s profit in 2014

Munich Re has posted 3.2 billion EUR (3.9 billion USD) in net profits for the year 2014.
This performance has sustained a decrease of 3% compared to the 2013 year closed with 3.3 billion EUR (4.5 billion USD) in profits.

The volume of premiums reported dwindled down by 4.5% at 48.8 billion EUR (59.3 billion USD). Operating result has also gone from 4.4 billion EUR (6 billion USD) in 2013 down to 4 billion EUR (4.8 billion USD) for the recently completed period.

The Group's reinsurance activity, which accounts for more than half of the turnover, has witnessed a decline in premium volume of 26.8 billion EUR (32.5 billion USD).

The net result reported by this activity rose to 2.9 billion EUR (3.5 billion USD), while the combined ratio increased by 0.6 point at 92.7%.

Despite these mixed figures, the German group will pay a dividend of 7.75 EUR (9.4 USD) per share in 2014 compared to 7.25 EUR (9.9 USD) in 2013.