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MÜNCHENER RÜCKVERSICHERUNGS-GESELLSCHAFT AGIN MÜNCHEN

(MUV2)
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DGAP-Adhoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re achieves quarterly result of around EUR600m

04/20/2021 | 05:40am EDT
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 
EUR600m 
20-Apr-2021 / 11:37 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. 
=---------------------------------------------------------------------------------------------------------------------- 
In the first quarter of 2021, Munich Re's major-loss expenditure in property-casualty reinsurance was higher than 
average, primarily owing to an unusually severe cold spell in the USA, in particular in the state of Texas. In 
addition, both fields of reinsurance were affected by COVID-19-related losses that were in line with expectations. 
Nevertheless, Munich Re achieved a preliminary net profit of around EUR600m in the first quarter of the year (consensus 
of EUR466m*, Q1 2020: EUR221m) due to good operational development overall, an investment result that was within 
expectations, and ERGO's very good performance. Munich Re will report on the definitive figures for the first quarter 
on 6 May, as planned. 
*Mean value derived from the estimates of six financial analysts 
Contact: 
Dr. Stefan Gehring 
General Counsel & Group Chief Compliance Officer 
=---------------------------------------------------------------------------------------------------------------------- 
20-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
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:  1186664 
 
End of Announcement  DGAP News Service 
=------------ 

1186664 20-Apr-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1186664&application_name=news 
 

(END) Dow Jones Newswires

April 20, 2021 05:39 ET (09:39 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DAX -1.78% 15448.04 Delayed Quote.12.61%
DJ INDUSTRIAL -1.58% 33290.08 Delayed Quote.10.51%
EURO STOXX 50 -1.80% 4083.37 Delayed Quote.14.94%
MÜNCHENER RÜCKVERSICHERUNGS-GESELLSCHAFT AGIN MÜNCHEN -1.74% 236.7 Delayed Quote.-2.51%
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Financials
Sales 2021 56 367 M 66 791 M 66 791 M
Net income 2021 2 802 M 3 320 M 3 320 M
Net Debt 2021 272 M 322 M 322 M
P/E ratio 2021 11,9x
Yield 2021 4,38%
Capitalization 33 161 M 39 314 M 39 294 M
EV / Sales 2021 0,59x
EV / Sales 2022 0,58x
Nbr of Employees 39 741
Free-Float 100,0%
Chart MÜNCHENER RÜCKVERSICHERUNGS-GESELLSCHAFT AGIN MÜNCHEN
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Technical analysis trends MÜNCHENER RÜCKVERSICHERUNGS-GESELLSCHAFT AGIN MÜNCHEN
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 276,29 €
Last Close Price 236,70 €
Spread / Highest target 29,9%
Spread / Average Target 16,7%
Spread / Lowest Target -9,59%
EPS Revisions
Managers and Directors
NameTitle
Joachim Wenning Chairman-Management Board
Christoph Jurecka Chief Financial Officer
Nikolaus von Bomhard Chairman-Supervisory Board
Nicholas John Gartside Chief Investment Officer
Frank Fassin Independent Member-Supervisory Board
Sector and Competitors