Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Munich Re
  6. News
  7. Summary
    MUV2   DE0008430026

MUNICH RE

(MUV2)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/24 03:59:39 pm
237.625 EUR   -0.16%
09/23MUNICH RE : Buy rating from Berenberg
MD
09/17MUNICH RE : UBS remains its Buy rating
MD
09/16MUNICH RE : Berenberg reiterates its Buy rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re achieves quarterly result of around ?1.1bn

07/20/2021 | 09:51am 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 ?1.1bn

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.


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 ?1.1bn in the stand-alone second quarter of the year 2021 (consensus of ?808m*). The half-year result amounts to around ?1.7bn. Munich Re is thus well on track to reach the annual target of ?2.8bn, even though the probability of missing the stand-alone sub target of ?400m 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

20-Jul-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: 1220355

 
End of Announcement DGAP News Service

1220355  20-Jul-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1220355&application_name=news&site_id=zonebourse_sftp

© EQS 2021
All news about MUNICH RE
09/23MUNICH RE : Buy rating from Berenberg
MD
09/17MUNICH RE : UBS remains its Buy rating
MD
09/16MUNICH RE : Berenberg reiterates its Buy rating
MD
09/16MUNICH RE : New York's Second Department Splits From First Department
AQ
09/13MUNICH RE : Barclays reiterates its Buy rating
MD
09/10MUNICH RE : Barclays reiterates its Buy rating
MD
09/09MUNICH RE : Gets a Buy rating from Berenberg
MD
09/08MÜNCHENER RÜCKVERSICHERUNGS-GESELLSC : Release according to Article 40, Section 1 of the W..
DJ
09/07MUNICH RE : Präsentation (englisch)
PU
09/07MUNICH RE : New era and future opportunities – Insurers partner with the digital wor..
PU
More news
Analyst Recommendations on MUNICH RE
More recommendations
Financials
Sales 2021 58 272 M 68 284 M 68 284 M
Net income 2021 2 763 M 3 238 M 3 238 M
Net Debt 2021 272 M 319 M 319 M
P/E ratio 2021 11,9x
Yield 2021 4,37%
Capitalization 33 281 M 38 970 M 38 998 M
EV / Sales 2021 0,58x
EV / Sales 2022 0,56x
Nbr of Employees 40 607
Free-Float 100,0%
Chart MUNICH RE
Duration : Period :
Munich Re Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MUNICH RE
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 237,55 €
Average target price 272,28 €
Spread / Average Target 14,6%
EPS Revisions
Managers and Directors
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
1st jan.Capi. (M$)
MUNICH RE-2.16%39 131
SWISS RE LTD-3.50%25 152
HANNOVER RÜCK SE18.04%21 767
EVEREST RE GROUP, LTD.8.24%10 128
REINSURANCE GROUP OF AMERICA, INCORPORATED-4.59%7 519
RENAISSANCERE HOLDINGS LTD.-14.81%6 675