Specialty lines
The development of our specialty lines was satisfactory. This segment includes marine and aviation business, credit/surety, structured products, ILS (Insurance-Linked Securities), the London Market and direct business. The premium volume climbed from EUR 1,893.5 million to EUR 2,233.9 million. The combined ratio stood at 96.5%, compared to 97.2% in the previous year. The specialty lines delivered an operating profit (EBIT) of EUR 256.4 million (EUR 2.7 million).