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    MUV2   DE0008430026

MUNICH RE

(MUV2)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/21 04:43:13 am
232.05 EUR   +1.29%
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
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Munich Re Says 2Q Net Profit Rose, Beating Market Expectations

07/20/2021 | 08:25am EDT

By Olivia Bugault

Munich Re AG said Tuesday that it booked better-than-expected net profit in its second quarter, according to its preliminary results.

The German reinsurance company posted a net profit of roughly 1.1 billion euros ($1.30 billion) for the quarter, up from EUR579 million a year earlier, it said. Net profit also beat consensus of EUR808 million, it says.

Munich remains well on track to reach EUR2.8 billion in net profit in its full year, even though it might not be able to meet its sub-target of EUR400 million in net profit at its life and health reinsurance business.

"In life and health reinsurance business, these [Covid-19 related losses] clearly exceeded the expectation mainly due to the high mortality rate in India and South Africa," during the second quarter, it said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

07-20-21 1025ET

All news about MUNICH RE
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
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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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09/09MUNICH RE : Gets a Buy rating from Berenberg
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09/08MÜNCHENER RÜCKVERSICHERUNGS-GESELLSC : Release according to Article 40, Section ..
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09/07MUNICH RE : Präsentation (englisch)
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09/07MUNICH RE : New era and future opportunities – Insurers partner with the d..
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09/06MUNICH RE : JP Morgan sticks Neutral
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More news
Analyst Recommendations on MUNICH RE
More recommendations
Financials
Sales 2021 58 249 M 68 321 M 68 321 M
Net income 2021 2 771 M 3 250 M 3 250 M
Net Debt 2021 272 M 319 M 319 M
P/E ratio 2021 11,5x
Yield 2021 4,55%
Capitalization 32 097 M 37 668 M 37 646 M
EV / Sales 2021 0,56x
EV / Sales 2022 0,55x
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 20
Last Close Price 229,10 €
Average target price 272,28 €
Spread / Average Target 18,8%
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
Sector and Competitors
1st jan.Capi. (M$)
MUNICH RE-5.64%37 668
SWISS RE LTD-3.26%24 328
HANNOVER RÜCK SE15.62%21 321
EVEREST RE GROUP, LTD.9.30%10 053
REINSURANCE GROUP OF AMERICA, INCORPORATED-5.53%7 445
RENAISSANCERE HOLDINGS LTD.-13.16%6 746