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Tue, 22.10.2024
Operational performance remained pleasing in Q3 2024 across all lines of business. Munich Re has generated a preliminary net result of about €0.9bn (consensus: €1,419m*), which was impacted by higher-than-average major-loss expenditure from natural catastrophes in property-casualty reinsurance. Hurricane Helene, which caused severe damage in the so...
Munich Re has made a strong start to the year. With a preliminary net profit of approximately €2.1bn in the first quarter of 2024, the Group significantly surpassed analysts’ expectations of €1,476m*.
The operational performance of all lines of business was better than expected for the full year:
In property-casualty reinsurance, the combined rat...
Munich Re has made a strong start to the year. With a preliminary net profit of approximately €2.1bn in the first quarter of 2024, the Group significantly surpassed analysts’ expectations of €1,476m*.
The operational performance of all lines of business was better than expected for the full year:
In property-casualty reinsurance, the combined rat...
The Board of Management of Munich Reinsurance Company intends to propose to the Annual General Meeting a dividend of €15.00 per share for the 2023 financial year (consensus: €12.49). The Supervisory Board is to decide on the Board of Management’s dividend planning once the final business figures are available for 2023. The dividend payment is subje...
Due to consistently good operational performance in all business segments, in the third quarter of 2023 Munich Re posted a preliminary net result of ca. €1.2bn (consensus: €1,131m*). In property-casualty reinsurance, Munich Re reported major losses that were slightly below the expected average. In life and health reinsurance, the total technical re...
Munich Re achieved both a good investment result in Q1 2023 and a pleasing operational business performance. In property-casualty reinsurance, major losses from natural catastrophes were higher than expected. Despite these major losses, the combined ratio of about 86.5% was only slightly higher than our expectation for the full-year combined ratio ...
Munich Re achieved both a good investment result in Q1 2023 and a pleasing operational business performance. In property-casualty reinsurance, major losses from natural catastrophes were higher than expected. Despite these major losses, the combined ratio of about 86.5% was only slightly higher than our expectation for the full-year combined ratio ...
Munich Reinsurance Company has resolved to buy back shares for a maximum total value of €1bn in the period between 6 May 2023 and, at the latest, the Annual General Meeting on 25 April 2024. The repurchased shares are to be retired. Together with the Board of Management’s dividend proposal to the Annual General Meeting of €11.60 per share, Munich R...
Munich Reinsurance Company has resolved to buy back shares for a maximum total value of €1bn in the period between 6 May 2023 and, at the latest, the Annual General Meeting on 25 April 2024. The repurchased shares are to be retired. Together with the Board of Management’s dividend proposal to the Annual General Meeting of €11.60 per share, Munich R...
Thanks to ongoing very pleasing operating performance, Munich Re aims for a consolidated profit of around €4.0bn1 for the 2023 financial year under the new reporting standard IFRS 17. Insurance revenues, which represent the IFRS 17 item that will supersede “premiums” in future, are expected to reach around €58bn. It is anticipated that the return o...
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