Munich Re : P/C reinsurance cycle might support technical results for longer
>Q2 2023 points to continued strong technical profits - Munich Re reported a strong Q2 2023 technical result of € 2,159m vs € 1,983m consensus supported by reinsurance and primary insurance operations. The group’s quarterly net profit came to € 1,154m vs € 1,226m consensus and digested some disposal losses from fixed income recycling which should support future recurring income generation. Munich Re’s H1 2023 net profit stands at € 2,425m, putting the company comforta...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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