Munich Re : Tailwind from P/C reinsurance pricing and price tag on inflation
>Q4 2022 broadly in line with expectations - Munich Re reported Q4 2022 group results broadly in line with expectations. Attributable net profit came to € 1,528m vs € 1,399m consensus. For FY 2022 attributable net profit stood at € 3,432m and thus modestly ahead of € 3.3bn guidance. The quarter benefitted from a high RoI of 3.6% driven by disposal gains and a low tax rate of 6.4%. While volume growth was positive underwriting profits were mixed with P/C reinsurance an...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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