Equity Research, Broker Reports, and media content on MUENCHENER RUECKVER AG-REG

  • Access the latest forecasts, broker valuations, multiples, and video content from the city about MUENCHENER RUECKVER AG-REG
  • See live updates from analysts, company announcements, and other news in a personalised/single dashboard

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on MUENCHENER RUECKVER AG-REG. We currently have 9 research reports from 1 professional analysts.

Open
177
Volume
0.5m
Range
177/178
Market Cap
28,619,274,518m
52 Week
141/187
Date Source Announcement
  • Frequency of research reports

     

  • Research reports on

    MUENCHENER RUECKVER AG-REG

  • Providers covering

    MUENCHENER RUECKVER AG-REG

Latest Content

View the latest research, videos, and podcasts for this company.

FY2016 results in line but dividend increase announced

  • 07 Feb 17

Munich Re has commented on the 1 January agreement renewals and released some preliminary figures regarding its Q4 16 and FY2016 business. Net profit was down from €0.7bn for Q4 15 to €0.5bn for Q4 16. Munich Re’s preliminary net profit for FY2016 was €2.6bn compared to €3.1bn for FY2015. Gross premiums written by the group in FY2016 declined by 3% to €48.9bn. The investment result was up by 1% to €7.6bn for FY2016 compared to FY2015. Operating profit under the company definition decreased by 17% to €4.0bn for FY2016. Group equity was up by around €0.8bn to €31.8bn at the end of 2016. RoE was 8.1% for FY2016 compared to 10.0% for FY2015. The dividend proposal for FY2016 increased to €8.60 compared to €8.25 per share for FY2015. Munich Re has released a few preliminary key figures for FY2016 which are in line with our forecasts with the exception of the dividend proposal. The net profit is slightly below the consensus forecast. The preliminary FY2016 segment figures are mixed. Net profit of the p&c reinsurance business declined by 31% to €2.0bn for FY2016 as a major-loss burden increased from €1.0bn to €1.5bn for FY2016. But the major losses were below the budget for FY2016. Munich Re was also able to release loss reserves of €1.1bn in 2016 for prior accident years compared to €1.4bn in FY2015. The combined ratio rose from 89.7% for FY2015 to 95.7% for FY2016. Munich Re has not released a group net profit target for FY2017 so far. The detailed financial results for the 2016 full year are due on 15 March.

New profit target and share buy-back programme for FY2016 released

  • 16 Mar 16

Munich Re released, together with its annual report for 2015, business targets for 2016 and a new share buy-back programme. The group is aiming for a consolidated result of €2.3bn to €2.8bn for FY2016 assuming no large unexpected claims or severe currency and capital market developments. In reinsurance, the consolidated result for 2016 should be in the range of €1.9bn to €2.4bn. For the ERGO field of business, Munich Re projects a consolidated result for 2016 in the order of €250m to €350m. It expects that for the financial year 2016 its gross premiums written will be €47bn to €49bn. For p&c reinsurance, Munich Re’s target remains a combined ratio of around 98% of net earned premiums. Munich Re anticipates major losses of the order of around €2bn, corresponding to an unchanged 12% of net earned premiums for FY2016. In p&c primary insurance, the combined ratio for 2016 should be approximately 95%. Munich Re expects a total investment result of around €7bn, representing a return on investments of about 3%. Munich Re has announced a further share buy-back programme: before the Annual General Meeting on 26 April 2017, shares with a volume of up to €1bn are to be repurchased. The current share buy-back programme is to be concluded by the time of the Annual General Meeting on 27 April 2016; to date, around 5.2 million shares worth c. €890m have been bought back.