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MarketScreener Homepage  >  Equities  >  Xetra  >  Muenchener Rueckversicherung AG    MUV2   DE0008430026

MUENCHENER RUECKVERSICHERUNG AG

(MUV2)
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Muenchener Rueckversicherung : Munich Re expects return to pre-pandemic profit in 2021

12/01/2020 | 05:42am EST
FILE PHOTO: The logo of reinsurance company Munich Re Group is seen next to the entrance of their headquarters in Munich

FRANKFURT (Reuters) - Munich Re expects to return to pre-pandemic annual profit levels of 2.8 billion euros (2.51 billion pounds) in 2021, after a slump to 1.2 billion in 2020, the reinsurer said on Tuesday, sending its shares 2.2% higher.

Group premium income will rise to about 55 billion euros in 2021 from 54 billion in 2020, despite a fall in premium volumes caused by the pandemic.

"Munich Re expects financial consequences from COVID-19 next year as well, but on a considerably smaller scale than in 2020," it said.

In the fourth quarter of 2020, profit will come to 200 million euros, it added.

Munich Re had withdrawn its guidance in March for a profit increase to 2.8 billion euros in 2020 from 2.7 billion a year earlier.

($1 = 0.8354 euros)

(Reporting by Edward Taylor; Editing by Arno Schuetze)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
MUENCHENER RUECKVERSICHERUNG AG -0.50% 237.7 Delayed Quote.-2.10%
PREMIUM INCOME CORPORATION -3.77% 5.1 Delayed Quote.6.92%
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Financials
Sales 2020 53 687 M 64 827 M 64 827 M
Net income 2020 1 230 M 1 485 M 1 485 M
Net Debt 2020 2 398 M 2 896 M 2 896 M
P/E ratio 2020 26,5x
Yield 2020 3,98%
Capitalization 33 302 M 40 263 M 40 211 M
EV / Sales 2020 0,66x
EV / Sales 2021 0,61x
Nbr of Employees 39 731
Free-Float 100,0%
Chart MUENCHENER RUECKVERSICHERUNG AG
Duration : Period :
Muenchener Rueckversicherung AG Technical Analysis Chart | MUV2 | DE0008430026 | MarketScreener
Technical analysis trends MUENCHENER RUECKVERSICHERUNG AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 262,16 €
Last Close Price 237,70 €
Spread / Highest target 28,7%
Spread / Average Target 10,3%
Spread / Lowest Target -19,6%
EPS Revisions
Managers and Directors
NameTitle
Joachim Wenning Chairman-Management Board
Nikolaus von Bomhard Chairman-Supervisory Board
Christoph Jurecka Chief Financial Officer
Frank Fassin Independent Member-Supervisory Board
Benita Ferrero-Waldner Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
MUENCHENER RUECKVERSICHERUNG AG-2.10%40 263
SWISS RE LTD1.39%26 488
HANNOVER RÜCK SE3.38%19 640
EVEREST RE GROUP, LTD.-1.23%9 240
RENAISSANCERE HOLDINGS LTD.-0.75%8 116
REINSURANCE GROUP OF AMERICA, INCORPORATED-3.94%7 563