Munich Re : Q3 2018 earnings likely suffered from accumulation of major losses
>Expecting Q3 2018 attributable net income of € 315m - Munich Re is due to report its Q3 2018 results on 07 November 2018. We estimate attributable net profit of € 315m for the quarter (consensus: € 444m), implying an annualised ROE of 4.7%. We forecast the Solvency II ratio at 249% (consensus 253%).P/C reinsurance most likely burdened by above-average man-made losses - For P/C reinsurance we forecast a combined ratio of 105.0% (consensus 103.0%). The...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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