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, ILS (insurance-linked securities), the London market and direct business. The premium volume climbed from EUR 2,233.9 million to EUR 2,371.9 million. The combined ratio improved to 91.4% (96.5%). The specialty lines segment delivered an operating profit (EBIT) of EUR 369.6 million (EUR 256.4 million).