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    MUV2   DE0008430026

MUNICH RE

(MUV2)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/16 03:59:51 pm
244.325 EUR   +0.38%
07:06aMUNICH RE : Berenberg reiterates its Buy rating
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09/13MUNICH RE : Barclays reiterates its Buy rating
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09/10MUNICH RE : Barclays reiterates its Buy rating
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Münchener Rückversicherungs Gesellschaft : Munich Re achieves quarterly result of around €1.1bn

07/20/2021 | 10:04am EDT

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

Disclaimer

Munich Re Group - Münchener Rück AG published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2021 14:03:09 UTC.


© Publicnow 2021
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Financials
Sales 2021 58 249 M 68 550 M 68 550 M
Net income 2021 2 870 M 3 378 M 3 378 M
Net Debt 2021 272 M 320 M 320 M
P/E ratio 2021 11,8x
Yield 2021 4,28%
Capitalization 34 128 M 40 151 M 40 163 M
EV / Sales 2021 0,59x
EV / Sales 2022 0,59x
Nbr of Employees 40 607
Free-Float 100,0%
Chart MUNICH RE
Duration : Period :
Munich Re Technical Analysis Chart | MUV2 | DE0008430026 | MarketScreener
Technical analysis trends MUNICH RE
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 243,60 €
Average target price 272,38 €
Spread / Average Target 11,8%
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
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