Insurance & Reinsurance equity research

Explore the most viewed and latest equity research and media content for companies within the Insurance & Reinsurance sector. Stocks in this sector provide insurance and broker services within life insurance, full line, and reinsurance.

Insurance & Reinsurance equity research

Explore the most viewed and latest equity research and media content for companies within the Insurance & Reinsurance sector. Stocks in this sector provide insurance and broker services within life insurance, full line, and reinsurance.

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New disappointing profit target and new share buy-back programme for FY2017 released

  • 15 Mar 17

Munich Re released, together with its annual report for 2016, business targets for 2017 and a new share buy-back programme. The group is aiming for a consolidated result of €2.0bn to €2.4bn for FY2017 assuming no large unexpected claims or severe currency and capital market developments. In reinsurance, the consolidated result for 2017 should be in the range of €1.8bn to €2.2bn. For ERGO’s field of business, Munich Re projects a consolidated result for 2017 in the order of €150m to €200m. It expects that, for the financial year 2017, its gross premiums written will be €48bn to €50bn. For p&c reinsurance, Munich Re’s target is a reduced combined ratio by 1ppt to around 97% 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 FY2017. In p&c primary insurance, the combined ratio for 2017 should be approximately 99% for Germany and 98% for International segment. 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 25 April 2018, 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 2017.



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