Specialty lines
The development of our specialty lines was thoroughly satisfactory. This segment of non-life reinsurance includes marine and aviation business, credit/surety, structured reinsurance products, ILS (Insurance-Linked Securities), the London Market and direct business.
The premium volume climbed from EUR 2,371.9 million to EUR 2,569.2 million in the year under review. The combined ratio increased from 91.4% to 95.0%. The operating profit (EBIT) for the specialty lines was slightly below that of the previous year at EUR 327.9 million (EUR 369.6 million).