Munich Re : Q2 2019e with tailwinds from reserve releases and low level of major claims
>Q2 2019 attributable net income of € 1,008m anticipated - Munich Re is due to report its Q2 2019 results on 7 August 2019. We estimate attributable net profit of € 1,008m (consensus: € 1,004m) for the quarter (company already issued guidance for ~€ 1bn on the back of a low level of major claims and reserve releases), implying an annualised ROE of 13.8% (up 3.0pp y-o-y). We forecast a Solvency II ratio of 245% (down 5pp q-o-q) reflecting a decline triggered by lower i...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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