Munich Re : Major losses put the brakes on Q4 2018e results
>We forecast Q4 2018e attributable net profit of € 151m, FY 18e at € 2,205m - Munich Re is due to report its preliminary 2018 results on 06 February 2018 alongside its January 2019 renewal data. We estimate attributable net profit of € 151m for Q4 2018e and € 2,205m for the full year 2018e, implying an annualised ROE of 2.2% (8.0% FY 2018e). We forecast the Solvency II ratio at 248%, down from 260% at Q3 2018. Anticipated capital measures (dividend and share buybacks)...Muenchener Rueckversicherungs-Gesellschaft is engaged in reinsurance, primary insurance and asset management. Co.'s international life business is written in the Life Division. The Global Clients and North America division manages accounts with international insurance groups. The Europe and Latin America division manages property-casualty business in Europe, Latin America and the Caribbean. The Germany, Asia Pacific and Africa division conducts property-casualty business in Germany, Africa, Asia, Australia and the Pacific Islands. The Special and Financial Risks division manages the classes of credit, aviation and space, agriculture, enterprise and contingency risks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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