Munich Re : Positive earnings growth to continue
>We increase our estimates for Munich Re - We have reviewed our estimates for Munich Re following Q2 2022 reporting. We have increased our estimates for Munich Re’s net profit by 6.0% to € 3,076m (still below company guidance of € 3.3bn for 2022 due to headwind from financial markets), by 3.8% to € 3,492m for 2023e and by 6.9% to € 3,750m for 2024e. We have rolled forward our valuation to 2023e and increased our target price to € 280 from € 255.Profit dri...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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