Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
ISIN: DE0008430026
WKN: 843002
23 April 2024 11:10AM

EQS-Adhoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re posts quarterly result of €2.1bn

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München · ISIN: DE0008430026 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 1887053

EQS-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Quarter Results
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re posts quarterly result of €2.1bn

23-Apr-2024 / 11:10 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.


Munich Re has made a strong start to the year. With a preliminary net profit of approximately €2.1bn in the first quarter of 2024, the Group significantly surpassed analysts’ expectations of €1,476m*.

The operational performance of all lines of business was better than expected for the full year:
 
  • In property-casualty reinsurance, the combined ratio was approximately 75%, attributable in particular to below-average major-loss expenditure.
     
  • Life and health reinsurance recorded a total technical result of around €0.6bn.
     
  • ERGO’s net result stood at approximately €0.3bn.
     
  • Buoyed by a favourable capital market environment, Munich Re achieved a high investment result, with an ROI of approximately 3.8%, and a positive currency result.

Munich Re still anticipates a net result of €5bn for the 2024 financial year. Surpassing this target has become more likely due to the Q1 result.

Munich Re will provide final Q1 2024 results on 8 May as scheduled.


* Mean value derived from the estimates of 11 financial analysts.


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


End of Inside Information

23-Apr-2024 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: 1887053

 
End of Announcement EQS News Service

1887053  23-Apr-2024 CET/CEST

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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%

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