Munich Re : Q3 2023 results points to higher run-rate for L/H reinsurance
>Munich Re reported strong Q3 2023 results - Munich re reported a strong set of Q3 2023 results. Group net profit came to € 1,169m, in line with the pre-released net profit of € 1.2bn and ahead of the € 1,131m consensus estimate. The earnings beat was driven by both reinsurance segments while ERGO reported a solid result in line with the guided run-rate. The SII ratio came to 271%, slightly below expectations, but at a very solid level, nevertheless. Based on a higher...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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