|Bid||0.00 x 141600|
|Ask||0.00 x 153800|
|Day's Range||187.05 - 190.45|
|52 Week Range||166.60 - 199.00|
|PE Ratio (TTM)||87.46|
|Earnings Date||May 8, 2018|
|Forward Dividend & Yield||8.60 (4.73%)|
|1y Target Est||199.77|
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.
Munich Re, the world’s largest reinsurer, is in talks to acquire a plot that has approval for one of the tallest towers in the City of London financial district, people with knowledge of the plan said....
Reinsurers are being hit by a one-two punch of soaring catastrophe losses and low renewal rates as insurers turn to other avenues to spread risk.
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.
Munich Re said that its fourth-quarter net profit rose slightly and that it won’t cut its dividend despite high losses from hurricanes during 2017.
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.
Q3 2017 Muenchener Rueckversicherungs Gesellschaft AG in Muenchen Earnings Pre-Recorded Presentation by Jorg Schneider
Categories: Europe Value Analsysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Münchener Rückversicherungs AG a score of 39. Our analysis is based on comparing Münchener Rückversicherungs AG with the following peers – Hannover Ruck SE, Vienna Insurance Group AG Wiener Versicherung Gruppe, Rheinland Holding AG and Vaudoise Assurances Holding SA (HNR1-DE, VIG-AT, RLV-DE and VAHN-CH). Fundamental Overview Münchener ... Read more (Read more...)
Munich Re's Ergo unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company were too low. "In Ergo's view, the current value of the portfolios and its potential appreciation is not adequately reflected in the offers submitted," Ergo Chief Executive Markus Riess said late Tuesday. Ergo and rivals are struggling to pay guaranteed returns to clients because of record-low interest rates.
Munich Re's Ergo unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company were too low. "In Ergo's view, the current value of the portfolios and its potential appreciation is not adequately reflected in the offers submitted," Ergo Chief Executive Markus Riess said late Tuesday.
Its estimate for industry-wide losses from the three hurricanes is higher than Swiss Re's estimate of $95 billion in total market losses from the hurricanes and earthquakes in Mexico. A series of hurricanes as well earthquakes have rocked the insurance industry after years of muted losses. Munich Re finance chief Joerg Schneider said he expected reinsurance rates to rise, especially in areas hit by disasters.
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Münchener Rückversicherungs AG. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bearish ... Read more (Read more...)
BERLIN/FRANKFURT, Sept 14 (Reuters) - Germany's Munich Re warned it could miss its profit target this year, the first major reinsurer to flag a hit to earnings from damage caused by hurricanes Harvey and Irma. Irma, one of the most powerful Atlantic Ocean storms on record, ravaged several islands in the northern Caribbean, killing at least 60 people, before barrelling into Florida's Gulf Coast on Sunday, causing further destruction. Munich Re had earlier this week estimated losses for the global insurance industry from Harvey, which struck Texas two weeks ago and caused massive flooding, of between $20 billion and $30 billion, putting the storm on the scale of Hurricane Sandy in 2012.
Munich Re, the world’s largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the company’s ability to meet its full-year earnings target....
Damages from Hurricane Harvey's ravaging of Houston and the Texas Gulf Coast are estimated to be well below those from the major storms that hit New Orleans and New York in recent years, insurance executives have said. The early assessment of damage from Harvey, made while rain continued to pelt the fourth-largest city in the United States, came as a scientist from the world's largest reinsurer predicted that climate change is likely to result in more intense storms in the future. "There are more thunder storms in parts of Europe and the United States than in past decades," said Ernst Rauch, head of Munich Re's Corporate Climate Centre, which monitors climate change risks.
The new chief executive of German department store chain Kaufhof, owned by Canada's Hudson's Bay Co (HBC), denied reports that the group was in a dispute with a lender consortium, in an interview by German weekly Welt am Sonntag. German daily Sueddeutsche Zeitung had reported earlier this month that HBC faced the scrutiny of a consortium of banks that financed the purchase of Kaufhof's real estate for around 1.34 billion euros ($1.6 billion) roughly two years ago. Also, two people familiar with the matter had told Reuters in July that Euler Hermes had slashed its trade credit insurance for suppliers of Kaufhof.
Q2 2017 Muenchener Rueckversicherungs Gesellschaft AG in Muenchen Earnings Call
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Münchener Rückversicherungs AG. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)