|Bid||0.00 x 141600|
|Ask||0.00 x 153800|
|Day's Range||190.00 - 193.55|
|52 Week Range||174.85 - 200.30|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||11.13|
|Earnings Date||Feb 6, 2019|
|Forward Dividend & Yield||8.60 (4.46%)|
|1y Target Est||199.77|
Q3 2018 Muenchener Rueckversicherungs Gesellschaft AG in Muenchen Earnings Call
Munich Re’s primary insurance arm Ergo, which is in the midst of a restructuring, reported a more than fivefold increase in quarterly profit to €173m and increased its full-year profit guidance to “at least €350m”, compared to the previous target of €250m to €300m.
A look at the shareholders of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft (FRA:MUV2) can tell us which group is most powerful. Institutions often own shares in more established companies, while it’s not unusual Read More...
FRANKFURT/DUESSELDORF, Oct 29 (Reuters) - Vattenfall is considering converting its German coal-fired power stations to use fuels including gas or biomass as utility companies in the country brace for a government deadline for phasing out coal altogether. The end of coal is the latest major challenge power firms face in Germany, whose energy transformation, or "Energiewende", has already included a rushed exit from nuclear power and a costly expansion of solar and wind capacity. Vattenfall https://corporate.vattenfall.com, owned by the Swedish state, operates 2.9 gigawatts (GW) of coal-fired power stations in Germany, including the 1.7 GW Moorburg site that only opened three years ago and supplies 80 percent of Hamburg's electricity.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
AG said Tuesday it will buy venture capital-backed software company Relayr for an undisclosed amount. The German reinsurer will buy the software company via its HSB subsidiary and, once the deal is complete, will control 100% of Relayr’s shares.
Berlin based Internet of Things (IoT) startup relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls, has been acquired by insurance group Munich Re in a deal which values the company at $300 million. The startup went on to pass through startupbootcamp and crowdfunded a cute looking chocolate-bar shaped hardware starter kit before expanding into building a hardware agnostic cloud services platform to act as a central hub for data flows.
Q2 2018 Muenchener Rueckversicherungs Gesellschaft AG in Muenchen Earnings Call (Pre-Recorded)
Munich Re (MUVGn.DE), the world's largest reinsurer, said on Wednesday that net profit in the second quarter was roughly flat, beating expectations despite some big claims. Chief Executive Officer Joachim Wenning said the company was "most certainly on track" to reach its full-year profit target of 2.1 to 2.5 billion euros ($2.44 bln-2.91 bln). Net profit was 728 million euros, down only slightly from 733 million euros a year ago.
Insurance stocks such as MUV2 are hard to value. This is because the rules banks face are different to other companies, which can impact the way we forecast their cashRead More...
Munich Re (MUVGn.DE), the world's biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, caving to pressure from investors. "In the individual risk business, where we can see the risks exactly, we will in future in principle no longer insure new coal-fired power plants or mines in industrial countries," Joachim Wenning added in a commentary to be published in German daily Frankfurter Allgemeine Zeitung on Monday. Despite being a vocal supporter of the Paris deal, Munich Re had said as recently as last month that it did not plan to copy Swiss Re in limiting its underwriting of coal companies.
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 ...
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...