DGAP-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Quarter Results 
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re achieves quarterly result of around 
EUR1.1bn 
20-Jul-2021 / 15:49 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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In the second quarter of 2021, Munich Re's major-loss expenditure in property-casualty reinsurance business was below 
average, mainly as a result of comparatively low losses from natural catastrophes. COVID-19 related losses in the field 
of property-casualty reinsurance were in line with expectations. In life and health reinsurance business, these clearly 
exceeded the expectation mainly due to the high mortality rate in India and South Africa. At ERGO, only minor effects 
resulted from Covid-19 in the second quarter. Operationally, the result developed favorably in all business fields. 
Overall, Munich Re achieved a preliminary net profit of around EUR1.1bn in the stand-alone second quarter of the year 
2021 (consensus of EUR808m*). The half-year result amounts to around EUR1.7bn. Munich Re is thus well on track to reach the 
annual target of EUR2.8bn, even though the probability of missing the stand-alone sub target of EUR400m set for the 
technical result in life and health reinsurance** has increased. 
Munich Re will report on the definitive figures for the second quarter on 10 August, as planned. 
*Mean value derived from the estimates of 14 financial analysts 
**Including the result from reinsurance treaties with non-significant risk transfer 
Contact: 
Dr. Stefan Gehring 
General Counsel & Group Chief Compliance Officer 
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20-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München 
              Königinstraße 107 
              80802 München 
              Germany 
Phone:        +49(0) 89 3891-0 
Fax:          +49(0) 89 399 056 
E-mail:       shareholder@munichre.com 
Internet:     www.munichre.com 
ISIN:         DE0008430026, DE0008430026 
WKN:          843002, 843002 
Indices:      DAX, EURO STOXX 50 
Listed:       Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Mailand 
EQS News ID:  1220355 
 
End of Announcement  DGAP News Service 
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1220355 20-Jul-2021 CET/CEST


 
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(END) Dow Jones Newswires

July 20, 2021 09:49 ET (13:49 GMT)