Munich Re Profit Significantly Dented by Natural Catastrophes; Ergo Actions Taking Effect
Munich Re reported a net result of negative EUR 145 million for the first nine months of 2017 as the business' property-casualty reinsurance division was affected by the five major events of the past quarter, leading to a third-quarter loss of around EUR 1.4 billion. There has been a small positive result from Ergo, as the turnaround strategy is running well. We are increasing our fair value estimate to EUR 205 per share from EUR 168 to account for the time value of money and a rise in rates in ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.