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EQS-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Quarter Results 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 of 86%. The total technical result in life and health reinsurance was about €0.3bn for Q1, greater than a quarter of the full-year forecast of €1bn. The net result at ERGO was about €0.2bn, likewise more than a quarter of the full-year forecast of €0.7bn. The preliminary net result of the Munich Re amounts to about €1.3bn (consensus: €1,012m1). Munich Re still anticipates a net result of about €4bn for the 2023 financial year. Surpassing this target has become more likely due to the Q1 result. Contact: Dr. Stefan Gehring General Counsel & Group Chief Compliance Officer End of Inside Information
28-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München |
| Königinstraße 107 | |
| 80802 München | |
| Germany | |
| Phone: | +49(0) 89 3891-0 |
| Fax: | +49(0) 89 399 056 |
| E-mail: | shareholder@munichre.com |
| Internet: | www.munichre.com |
| ISIN: | DE0008430026, DE0008430026 |
| WKN: | 843002, 843002 |
| Indices: | DAX, EURO STOXX 50 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Mailand |
| EQS News ID: | 1620733 |
| End of Announcement | EQS News Service |
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1620733 28-Apr-2023 CET/CEST
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