Munich Re : The share’s period of underperformance should be over
>Munich Re already announced that it expects a profit of ~€ 1.2bn in 2020 … - Munich Re is due to report its 2020 earnings on 25 February. We do not expect much in the way of surprises at this earnings report, as the group already announced on 1 December last that it forecasts a profit of around € 1.2bn in 2020 (i.e. ~€ 0.2bn in Q4). This earnings forecast included pre-tax COVID claims of € 1.1bn in Q4 (~€ 3.4bn over the full year 2020), of which € 160m in life reins...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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