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4-Traders Homepage  >  Equities  >  Xetra  >  Muenchener Rueckversicherung    MUV2   DE0008430026

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Munich Re : Harvey, Irma Could Threaten 2017 Profit Goal, 3Q Loss Likely

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09/14/2017 | 08:11am CEST
   By Ulrike Dauer 
 

Germany's Munich Re AG (MUV2.XE), the world's largest reinsurer, said late Wednesday it could miss its 2017 profit target because of a high bill for insurers and reinsurers caused by Hurricanes Harvey and Irma.

Munich Re said it would likely report a loss for the third quarter. For the full year, it previously guided for an aftertax profit, including minorities, of between EUR2.0 billion and EUR2.4 billion ($2.4 billion to $2.86 billion).

It also said reinsurers and insurers aren't yet able to quantify the impact of the two hurricanes.

Munich Re said its capital base remains solid even after the storms.

Write to Ulrike Dauer at [email protected]

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Financials (€)
Sales 2017 50 348 M
EBIT 2017 3 561 M
Net income 2017 2 142 M
Debt 2017 -
Yield 2017 4,99%
P/E ratio 2017 12,85
P/E ratio 2018 11,12
Capi. / Sales 2017 0,55x
Capi. / Sales 2018 0,54x
Capitalization 27 595 M
Chart MUENCHENER RUECKVERSICHERU
Duration : Period :
Muenchener Rueckversicheru Technical Analysis Chart | MUV2 | DE0008430026 | 4-Traders
Technical analysis trends MUENCHENER RUECKVERSICHERU
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 183 €
Spread / Average Target 2,9%
EPS Revisions
Managers
NameTitle
Joachim Wenning Chief Executive Officer
Bernd Pischetsrieder Chairman-Supervisory Board
Jörg Schneider Chief Financial Officer
Henning Kagermann Member-Supervisory Board
Ron Sommer Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
MUENCHENER RUECKVERSICHERUNG-0.92%32 979
HANNOVER RÜCKVERSICHERUNG-2.48%14 499
EVEREST RE GROUP LTD4.56%9 291
RENAISSANCERE HOLDINGS LTD.-2.80%5 318
VALIDUS HOLDINGS, LTD.-13.22%3 786
ASPEN INSURANCE HOLDINGS LIMITED-25.55%2 451