Munich Re : Strong headline figures but slightly soft underlying results in reinsurance
>Q2 2019 results with strong headline figures but underlying quality disappoints somewhat in reinsurance - Munich Re reported a healthy net profit of € 993m, in line with estimates and close to the pre-released number of ~€ 1bn. Underlying earnings quality was a bit soft in P/C reinsurance and L/H reinsurance, while ERGO came in better than expected. Munich Re is on track to reach its full-year 2019 guidance for net profit of € 2.5bn (H1 2019: € 1.6bn). We have lowere...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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