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Muenchener Rueckversicherungs Gesellschaft AG in Muenchen is a Germany-based company engaged in reinsurance and insurance business. The Company divides its operations into reinsurance, primary insurance, and Munich Health and Asset management. The Reinsurance business comprises five divisions: Life; Europe and Latin America; Germany, Asia Pacific and Africa; Special and Financial Risks, and Global Clients and North America. The business covers a range of products from traditional reinsurance products to solutions for risk assumption. The Company's primary insurance activities are combined into the ERGO Insurance Group (ERGO), which offers direct insurance, life, property-casualty, health, legal expenses and travel insurance products. It covers the Company's international health reinsurance business and health primary insurance outside Germany and engages the risk management services. The Asset management business handles the investment activities of Munich Re and ERGO.
Independent Chairman of the Supervisory Board
Honorary Chairman of the Supervisory Board
Chief Executive Officer, Member of the Management Board
Independent Vice Chairman of the Supervisory Board,
Chief Financial Officer, Member of the Management Board
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Next Insurance, a provider of digital insurance products to small U.S. businesses, said on Monday it raised $250 million in funding from German reinsurer Munich Re <MUVGn.DE>.
Munich Re <MUVGn.DE> is planning a job cuts at its headquarters and in the United States, according to an interview with the chief executive published on the company's intranet.
Munich Re's <MUVGn.DE> fourth-quarter earnings and 2018 guidance fell short of analyst expectations on Tuesday and underscored a sluggish turnaround in reinsurance prices.
Munich Re posted a preliminary 8 percent rise in net profit in the fourth quarter but only eked out a small profit for the full year 2017 after a series of natural disasters in North America, the German reinsurer said on Tuesday.
Recent Australian life insurance sales (ranked by deal value)
* IAG IMPROVES CAPITAL EFFICIENCY AND REDUCES EARNINGS VOLATILITY
German reinsurer Munich Re aims to stabilise its annual net profit at "2 billion euros plus" for the next few years as low interest rates and price pressure hold back growth, its Chief Executive Joachim Wenning said.
Munich Re's Ergo unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company were too low.
Munich Re's <MUVGn.DE> Ergo unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company were too low, it said late Tuesday.
* ERGO ENDS DISCUSSIONS CONCERNING SALE OF ITS GERMAN LIFE INSURANCE COMPANIES WITH TRADITIONAL LIFE INSURANCE PORTFOLIOS
Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey and the Mexico City earthquake, have led global insurers and reinsurers to issue profit warnings.
Nikolaus von Bomhard, former CEO of Munich Re, will become supervisory board chairman at Deutsche Post, German monthly Manager Magazin reported, citing company sources.
* CFO sees worldwide "positive development" in reinsurance rates, which will be reflected in future profit
Insured losses from three big hurricanes in North America this year have cost the industry around $100 billion, German reinsurance giant Munich Re <MUVGn.DE> said on Thursday.
German reinsurance giant Munich Re <MUVGn.DE> posted a net loss of 1.4 billion euros (1.24 billion pounds) in the third quarter after a spate of major costly natural catastrophes in North America.
* Sees 2017 reinsurance combined ratio of around 112 percent versus year-earlier 97 percent, according to presentation slides
German reinsurer Munich Re's Ergo unit has received non-binding bids for its traditional life insurance business, which have ceased underwriting new contracts, it said on Wednesday.
Munich Re's primary insurance arm Ergo is forging ahead with plans to sell the life insurance books of units Ergo Leben and Victoria Leben, Handelsblatt daily reported on Monday, citing two people familiar with the matter.
Munich Re said its profit warning on Thursday did not necessarily mean that it would cut its dividend payment to shareholders.
* Shares drop 1.6 pct in pre-market trade (Adds further details, pre-market shares)
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