Munich Re : Profit in line with the group’s guidance
>Profit of € 1.2bn in 2020 as expected - Last Thursday Munich Re reported a 2020 profit of € 1.21bn (-56%), in line with the guidance (~€ 1.2bn) announced on 1 December 2020, corresponding to profit of € 0.21bn in Q4. It includes a COVID cost of € 3,500m in 2020 (€ 3,066m in P&C reinsurance, € 370m in life reinsurance and € 64m for Ergo), a shade above the group’s guidance (€ 3,445m), mainly due to business interruption. Premium income was very slightly above the guid...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.