MILLI REASURANS ANNUAL REPORT 2018

Milli Re Annual Report 2018 Financial Status / 65 Key Ratios (%) 2018 2017 2016 1. Capital Adequacy Ratios Gross Premiums/Shareholders’ Equity 79 72 69 Shareholders’ Equity/Total Assets 44 47 48 Shareholders’ Equity/Net Technical Provisions 90 103 104 2. Asset Quality and Liquidity Ratios Liquid Assets/Total Assets 51 53 53 Liquidity Ratio 154 170 163 Current Ratio 121 128 128 Premium and Reinsurance Receivables/Total Assets 8 6 6 3. Operational Ratios Retention Ratio 87 88 89 Paid Claims/Paid Claims+Outstanding Claims 39 39 39 4. Profitability Ratios Gross Loss Ratio 84 69 72 Expense Ratio 27 28 31 Combined Ratio 111 97 103 Net Loss Ratio 93 76 77 Expense Ratio 31 31 34 Combined Ratio 124 107 111 Profit Before Tax/Gross Written Premiums 23 23 22 Gross Financial Profit/ Gross Written Premiums 16 17 13 Technical Profit/Gross Written Premiums 7 6 9 Profit Before Tax/Average Total Assets 8 8 7 Profit Before Tax/Average Shareholders’ Equity (Excluding Profit) 22 19 18