Go back to newswire list
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
ISIN: DE0008430026
WKN: 843002
23 October 2023 01:14PM

EQS-Adhoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re posts quarterly result of ca. €1.2bn and raises the guidance for 2023 to €4.5bn

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München · ISIN: DE0008430026 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 1755087

EQS-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Change in Forecast
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re posts quarterly result of ca. €1.2bn and raises the guidance for 2023 to €4.5bn

23-Oct-2023 / 13:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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 result once again exceeded pro-rata guidance. ERGO reported consistently excellent business performance that, due in part to higher losses from natural catastrophes, yielded a result that was slightly below the very high level seen in the two previous quarters.
 
The result for the first nine months of the year was thus €3.6bn. Munich Re is well positioned to surpass the previous annual target of €4bn. Munich Re has accordingly raised its annual guidance for 2023 to a net result of €4.5bn. As usual, this projection is subject to increased uncertainties stemming from geopolitical and macroeconomic developments, to major losses remaining within normal bounds, and to the income statement not being impacted by severe fluctuations in the currency or capital markets, significant changes in the tax environment, or other one-off effects.
 
Munich Re will provide finalised Q3 results on 8 November as scheduled.
 
 
* Mean value derived from the estimates of 15 financial analysts.
 
 

 




Contact:
Dr. Stefan Gehring
General Counsel & Group Chief Compliance Officer


End of Inside Information

23-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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: 1755087

 
End of Announcement EQS News Service

1755087  23-Oct-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1755087&application_name=news&site_id=boersengefluester_html
XETR:MUV2 price by TradingView
More Research
Powered by TradingView©

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 49.064,00 51.457,00 54.890,00 59.567,00 67.133,00 57.884,00 59.000,00
EBITDA1,2 3.725,00 4.004,00 1.986,00 3.517,00 4.087,00 6.019,00 0,00
EBITDA-Margin3 7,59 7,78 3,62 5,90 6,09 10,40 0,00
EBIT1,4 3.725,00 4.004,00 1.986,00 3.517,00 3.582,00 5.702,00 0,00
EBIT-Margin5 7,59 7,78 3,62 5,90 5,34 9,85 0,00
Net Profit (Loss)1 2.275,00 2.707,00 1.211,00 2.932,00 3.419,00 4.597,00 5.000,00
Net-Margin6 4,64 5,26 2,21 4,92 5,09 7,94 8,48
Cashflow1,7 2.998,00 9.493,00 7.219,00 5.226,00 -7.644,00 2.543,00 0,00
Earnings per share8 15,53 18,97 8,63 20,93 24,63 33,88 36,60
Dividend per share8 9,25 9,80 9,80 11,00 11,60 15,00 15,50
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Ernst & Young

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Münchener Rück
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
843002 DE0008430026 AG 67.415,27 Mio € 20.01.1948 Halten 8FWH5H4Q+G5
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
11,23 13,85 0,81 22,28 2,44 26,51 1,16
Dividends
Dividend '2022
in € 		Dividend '2023
in € 		Dividend '2024e
in € 		Div.-Yield '2024e
in %
11,60 15,00 15,50 3,14%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
30.04.2025 13.05.2025 08.08.2025 07.11.2024 14.03.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-1,59%
494,00 €
ATH 526,00 €
+1,24% +6,47% +31,70% +29,32% +0,00%
LEI: 529900MUF4C20K50JS49
Social media-channel

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2024          
boersengefluester.de · #BGFL · © 2024
The news manufactory
Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Quick Links

About us
Testimonials
Referenzen
Media Kid
Privacy
Terms of use
Imprint

Network

Baha
EQS News
Finanznachrichten
Server 24
Favicon

Partner

BankM
Cometis
Cross Alliance
Fino Digital
GBC
Monetga

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 by Gereon Kruse #BGFL