|Bid||0.00 x 141600|
|Ask||0.00 x 153800|
|Day's Range||185.65 - 187.70|
|52 Week Range||166.60 - 200.30|
|PE Ratio (TTM)||44.17|
|Forward Dividend & Yield||8.60 (4.64%)|
|1y Target Est||N/A|
MUNICH/BERLIN, July 11 (Reuters) - Overall losses from storms, flooding and earthquakes almost halved in the first six months of 2018 to $33 billion, the lowest figure in 13 years, reinsurer Munich Re said on Wednesday. Insurers paid out $17 billion for natural disaster claims, down from $25.5 billion a year earlier but in line with the 30-year average of $17.5 billion, the reinsurer said. "Following a period of extreme disasters with record losses, it is nice to be able to record a phase with low losses," Munich Re board member Torsten Jeworrek said.
Munich Re (MUVGn.DE) wants to strengthen its asset management unit, perhaps through cooperating with partners, the company's chief told employees on Friday. The internal memo by CEO Joachim Wenning comes amid reports that the German reinsurer is in talks with a U.S. fund manager to sell Munich Ergo Asset Management GmbH (MEAG). "Investment will remain an integral part of the value chain in primary insurance and reinsurance in the future," Wenning wrote in the note seen by Reuters.
Munich Re wants to strengthen its asset management unit, perhaps through cooperating with partners, the company's chief told employees on Friday. The internal memo by CEO Joachim Wenning comes amid reports that the German reinsurer is in talks with a U.S. fund manager to sell Munich Ergo Asset Management GmbH (MEAG). "Therefore, it would make no sense at all for us to withdraw from investment activities.
This analysis is intended to introduce important early concepts to people who are starting to invest and want to better understand how you can grow your money by investing inRead More...
German reinsurer Munich Re is in talks to sell its asset management division to U.S. fund manager Guggenheim Partners, a person familiar with the matter said on Thursday. Talks are at an early stage, and ...
Guggenheim Partners LLC is in talks to buy the asset-management arm of German insurer Munich Re AG, in a deal that would double the firm’s investments business, people familiar with the matter said. As part of the agreement, Munich Re would receive equity in Guggenheim, the people said. Munich Re, whose investments business manages $290 billion, is one of several European and Asian firms that Guggenheim has talked to in its bid to broaden the reach of its asset-management business outside the U.S., the people said.
MUV2 operates in the insurance industry, which has characteristics that make it unique compared to other sectors. Understanding these differences is crucial when it comes to putting a value onRead More...
Q1 2018 Muenchener Rueckversicherungs Gesellschaft AG in Muenchen Earnings Call (Pre-Recorded)
When Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft (DB:MUV2) released its most recent earnings update (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of itsRead More...
Munich Re (MUVGn.DE), the world's largest reinsurer, said it was expecting a consolidated first-quarter profit of over 800 million euros (700.4 million pounds) after a lower than expected pay out for major losses. Munich Re has posted declines in profit over the past five years, but is counting on a reversal in fortune in 2018. It stuck to its guidance for 2018 consolidated net profit of 2.1-2.5 billion euros.
The most recent earnings announcement Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft’s (DB:MUV2) released in December 2017 indicated that the company endured a significant headwind with earnings falling by -85.47%. Today I want toRead More...
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft’s (DB:MUV2) most recent return on equity was a substandard 1.39% relative to its industry performance of 9.46% over the past year. An investor may attribute an inferiorRead More...
Today we’re going to take a look at the well-established Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft (DB:MUV2). The company’s stock maintained its current share price over the past couple of month on theRead More...
Full Year 2017 Muenchener Rueckversicherungs Gesellschaft AG in Muenchen Earnings Call
Munich Re (MUVGn.DE), the world's largest reinsurer, said on Thursday it was aiming for net profit in 2018 of 2.1 to 2.5 billion euros ($2.60-3.09 billion) and plans to buy back 1 billion euros in shares. The profit forecast is up slightly from the reinsurer's initial guidance of 2.0 to 2.4 billion euros, issued when it published annual results last month. It is also above its 2017 profit of 375 million euros, which was hit by a spate of natural catastrophes in North America.
Preliminary 2017 Muenchener Rueckversicherungs Gesellschaft AG in Muenchen Earnings Call
Munich Re (MUVGn.DE) is planning a job cuts at its headquarters and in the United States, according to an interview with the chief executive published on the company's intranet. The reinsurer will "reduce internal complexity, increase efficiency and will cut jobs to achieve that", CEO Joachim Wenning said, according to a transcript of the interview seen by Reuters on Wednesday. Munich Re declined to comment on the interview, which was first reported by Versicherungsmonitor, a news organization focused on the insurance sector.
Rating Action: Moody's affirms Everest Re's ratings; stable outlook. Global Credit Research- 15 Dec 2017. New York, December 15, 2017-- Moody's Investors Service, has affirmed the ratings of Everest Re ...
Insurance Australia Group Ltd said on Friday it will share 12.5 percent of its premiums and costs with Munich Re, Swiss Re and Hannover Re, in a series of deals that will release capital for Australia's biggest general insurer. The arrangement, common in the reinsurance industry, increases the portion of business IAG sells on to offshore companies attracted by the traditionally higher margins available in Australia, to 32.5 percent, with Warren Buffett's Berkshire Hathaway Inc holding a pre-existing 20 percent quota. IAG Chief Executive Peter Harmer said in a statement on Friday the deal removed downside earnings risk from a portion of the business while retaining significant exposure to earnings upside.