Key figures of Property & Casualty reinsurance 2016-2020

Figures in EUR million 2020+/- previous year20192018 2017 2016
1 Incl. expenses on funds withheld and contract deposits
2 Operating profit (EBIT)/net premium earned
Gross written premium 16,744.1 +13.3% 14,781.3 11,976.0 10,710.9 9,204.6
Net premium earned 14,205.4 +11.0% 12,797.6 10,804.2 9,158.7 7,985.0
Underwriting result1 (223.5) -195.0% 235.4 372.8 15.5 503.1
Net investment income 990.1 -7.4% 1,069.4 1,035.1 1,209.3 900.9
Operating profit (EBIT) 831.3 -35.3% 1,285.8 1,322.6 1,120.2 1,340.3
Group net income 620.3 -28.8% 871.7 929.1 837.3 949.9
Earnings per share in EUR 5.14 -28.8% 7.23 7.70 6.94 7.88
EBIT margin2 5.9% 10.0% 12.2% 12.2% 16.8%
Retention 90.3% 90.3% 90.7% 89.7% 88.5%
Combined ratio1 101.6% 98.2% 96.5% 99.8% 93.7%