|Bid||0.00 x 9600|
|Ask||0.00 x 18700|
|Day's Range||100.25 - 101.25|
|52 Week Range||92.00 - 116.50|
|PE Ratio (TTM)||9.97|
|Earnings Date||Nov 8, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||104.65|
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.
BOSTON/FRANKFURT, Aug 28 (Reuters) - Hurricane Harvey's whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property and casualty insurers on Monday as Wall Street analysts estimated insured losses as high as $20 billion. Swathes of Houston were underwater on Monday, the effect of Harvey sweeping ashore on Friday as the most powerful hurricane to hit Texas in 50 years. Damage caused by flooding is not included in standard homeowners insurance policies and is covered by the U.S. government.
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.