Munich Re : Q1 2022 results in line but headwind from capital market volatility continues
>Q1 2022 net profit in line with expectations - Munich Re reported Q1 2022 net attributable profit of € 607m which came in broadly in line with the € 597m consensus expectation. P/C reinsurance benefitted from below average major claims while L/H reinsurance incurred Covid-related losses in line with expectations. ERGO contributed € 96m to net income with P/C Germany suffering from higher large losses than expected. The group digested € 700m gross writedowns on Russia...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.