Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)
17 May 2013
|Market Cap (Mil.):||€26,757.71|
|Shares Outstanding (Mil.):||179.34|
FRANKFURT, May 7 - Munich Re does not expect persistent low interest rates to eventually force it to shore up capital in its life insurance business, Munich Re's chief financial officer said.
FRANKFURT - Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest rates.
FRANKFURT, May 7 - Low damage claims and rising premiums helped shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up income against a backdrop of record low interest rates.
FRANKFURT, May 7 - Munich Re reported forecast-beating net profit of 972 million euros ($1.3 billion) in the first quarter as low damage claims offset an 11 percent drop in income from investments.
FRANKFURT, April 25 - Munich Re said it expects to deliver first quarter net profit of close to 1 billion euros ($1.3 billion), putting it on course to reach its full-year profit target.
LONDON, April 17 - Munich Re has sold a $500 million catastrophe bond to protect two North Carolina underwriting associations against hurricane losses as insurers increasingly choose to cover risks with bonds rather than buying traditional reinsurance.
* Shares rise 0.8 pct, outpace insurance index (Adds quotes, analyst comment, background, shares)
FRANKFURT, March 12 - Munich Re's chief executive urged caution on prospects for further dividend increases and share buybacks, while also not ruling them out.
MUNICH, March 12 - Reinsurer Munich Re is targeting net profit of close to 3 billion euros ($3.9 billion) in 2013, after unusually low damage claims and strong investment gains helped it earn 3.2 billion last year, it said on Tuesday.
LONDON, March 7 - Munich Re is marketing a new catastrophe bond through a special purpose vehicle set up to protect two North Carolina underwriting associations against $200 million of hurricane losses in the region.
Earnings vs. Estimates
Analyst Research Reports
Provider: Wright Reports
MÃ¼nchener RÃ¼ck - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
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Munich Re Group AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
MUVGn.DE - Event Transcript of Muenchener Rueckversicherungs Gesellschaft AG in Muenchen conference call, Mar. 13, 2013 / 8:00AM ET
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Munich Re Group (MURGF) Profile and Financials, plus Insurance Industry Trends Analysis, Operating Ratios and Financial Averages
Provider: Plunkett Research, Ltd.
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