Combined Non-Financial Statement

The report describes Munich Re's two-stage process for selecting significant non-financial topics and reports women made up 53.9% of the Group workforce and 35.7% of management. It highlights climate-related insurance activity and a July 2018 decision to stop insuring construction of new coal-fired power plants and thermal coal mines, subject to stated exceptions. The report also outlines Group-wide sustainable investment criteria and was subject to limited assurance by Ernst & Young.