- Preliminary net income for Munich Re in Q1 is recorded at EU2.1 billion.
- The preliminary return on investment stands at approximately +3.8%.
- In Property-Casualty reinsurance, the combined ratio is around 75%.
- Munich Re maintains a year forecast of profit at EU5 billion, on par with previous estimates.
- Achieving over the anticipated net result of €5bn for the 2024 financial year has become more probable following the Q1 outcomes.
- ERGO, a subsidiary of Munich Re, reported a net result of roughly €0.3bn.
- The final results for Q1 2024 will be disclosed by Munich Re on 8 May as expected.
- Current market sentiments stand at 11 buys, 8 holds, and 3 sells on Munich Re’s performance.
A look at Muenchener Rueckversicherungs- Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) appears to have a promising long-term outlook according to Smartkarma Smart Scores. With a strong overall score driven by high ratings in Growth, Resilience, Dividend, and Momentum, the company is well-positioned for continued success in the financial services sector. MunichRe, known for providing reinsurance, insurance, and asset management services, has established a global presence with subsidiaries in key financial hubs worldwide.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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