Global reinsurance
We combine all markets worldwide under global reinsurance, with the exception of our target markets of Germany and North America and the specialty lines. This segment also encompasses global catastrophe business, facultative reinsurance, the reinsurance of agricultural risks and Sharia-compliant retakaful business.
The premium volume grew by 16.1% in the year under review to EUR 2,788.7 million (EUR 2,398.7 million). The combined ratio retreated from 112.3% in the previous year – which had been impacted by exceptionally heavy loss expenditure – to 90.9%. The operating profit (EBIT) surged from EUR 19.2 million to EUR 507.1 million.