|Bid||238.10 x 141600|
|Ask||238.20 x 153800|
|Day's Range||234.20 - 239.05|
|52 Week Range||194.10 - 269.30|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||15.85|
|Earnings Date||Nov 09, 2021|
|Forward Dividend & Yield||9.80 (4.21%)|
|Ex-Dividend Date||Apr 29, 2021|
|1y Target Est||N/A|
Munich Re's net profit in the second quarter rose around 90% from a year earlier, beating expectations and giving it confidence of meeting its 2021 profit target. Preliminary net profit rose to around 1.1 billion euros ($1.3 billion), the company said. Munich Re said that it was "well on track" to meet its annual profit target of 2.8 billion euros.
The trend of rising reinsurance premiums, driven by high claims payments related to the coronavirus pandemic and a record hurricane season, is continuing as the next policy renewal round looms on July 1, Swiss Re said on Thursday. The head of the Zurich-based group's reinsurance division Moses Ojeisekhoba told a media event that the trend appeared to be "travelling along the same lines as April 1 and January 1", when contracts were most recently renewed. He said it was too early to make a forecast for the next policy renewal round in early July.