Report
Roland Pfaender,MBA,CFA,CCRA

Munich Re : Q1 2019 should mark a solid start into the year

>Expecting Q1 2019 attributable net income of € 597m - Munich Re is due to report its Q1 2019 results on 8 May 2019. We estimate attributable net profit at € 597m for the quarter, implying an annualised ROE of 8.8% (down 3.1pp y-o-y). We forecast the Solvency II ratio to stand at 249% (up 4pp y-o-y).P/C reinsurance most likely within major loss budget for the quarter - We forecast Q1 2019e GWP growth of 6.3% y-o-y in P/C reinsurance based on volume gr...
Underlying
Munich Reinsurance Company

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Roland Pfaender,MBA,CFA,CCRA

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