Munich Re : Q1 2024 results point to improving technical profitability
>Q1 24 net profit beat driven by technical profits, investment income and FX - We have reviewed our estimates following Munich Re’s Q1 24 results release which came in markedly ahead of expectations. Group net profit came to €2,140m ahead of the € 1,476m consensus and our € 1,590m estimate. The beat was driven by better-than-expected technical profitability in P/C and L/H reinsurance, higher-than-expected investment income and a positive FX result. ERGO’s net profit c...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.