Munich Re's diversification is both a blessing and a curse.
Munich Re reported first-quarter net income of EUR 557 million, which was slightly below our expectations, though this was largely due to higher losses than we anticipated. Though the business’s Solvency II ratio declined 24 points to 243%, this is largely as a result of the dividend payment, buyback, and bond repayment. Accounting for these, the SII was flat during the period. Overall, we think this is an encouraging result from Munich Re, and we maintain our EUR 168 fair value estimate and no-...
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.