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    MUV2   DE0008430026

MUNICH RE

(MUV2)
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Munich Re : Reinsurers expect rising prices after floods in Germany

10/18/2021 | 03:30am EST

BERLIN, Oct 18 (Reuters) - German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe next year, citing mid-July floods in central Europe, inflation and the coronavirus pandemic.

The floods in July alone caused damage of 46 billion euros ($53.29 billion) across Europe, of which only nine billion euros were covered by insurance, Munich Re board member Doris Hoepke said during an annual industry meeting.

"After the terrible storms in June and July, the year 2021 will be one of the most damaging years on the German market," head of Hannover Rueck's subsidiary E+S said. ($1 = 0.8633 euros) (Reporting by Alexander Huebner and Zuzanna Szymanska Editing by Riham Alkousaa)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HANNOVER RÜCK SE -0.06% 162.5 Delayed Quote.24.67%
MUNICH RE 0.28% 251.6 Delayed Quote.1.24%
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Analyst Recommendations on MUNICH RE
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Financials
Sales 2021 58 011 M 65 472 M 65 472 M
Net income 2021 2 815 M 3 178 M 3 178 M
Net Debt 2021 - - -
P/E ratio 2021 12,5x
Yield 2021 4,15%
Capitalization 35 102 M 39 458 M 39 616 M
Capi. / Sales 2021 0,61x
Capi. / Sales 2022 0,59x
Nbr of Employees 39 341
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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 250,55 €
Average target price 276,96 €
Spread / Average Target 10,5%
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 RE1.24%39 458
SWISS RE LTD7.27%27 888
HANNOVER RÜCK SE24.67%22 022
EVEREST RE GROUP, LTD.14.05%10 665
RENAISSANCERE HOLDINGS LTD.-2.29%7 600
REINSURANCE GROUP OF AMERICA, INCORPORATED-10.55%7 008