Munich Re : FY 2021 results in line with expectations; robust outlook for 2022
>Q4 2021 results were a mixed bag - Munich Re reported Q4 2021 net profit of € 868m which came in ahead of € 825m consensus helped by a low tax rate and a supportive forex effect. The quarterly operating result disappointed somewhat as it fell short of expectations by € 243m and stood at € 962m. The negative deviation was triggered by a weaker-than-expected technical profitability in P/C reinsurance and a low investment income at L/H ERGO Germany. Group Solvency II ra...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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