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

MUENCHENER RUECKVERSICHERUNG (MUV2)
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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 CET
   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 2018 50 360 M
EBIT 2018 3 588 M
Net income 2018 2 368 M
Debt 2018 -
Yield 2018 4,93%
P/E ratio 2018 11,49
P/E ratio 2019 10,02
Capi. / Sales 2018 0,56x
Capi. / Sales 2019 0,56x
Capitalization 28 339 M
Chart MUENCHENER RUECKVERSICHERU
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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 OUTPERFORM
Number of Analysts 30
Average target price 200 €
Spread / Average Target 9,3%
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 RUECKVERSICHERUNG1.11%34 935
HANNOVER RÜCKVERSICHERUNG5.62%16 621
EVEREST RE GROUP9.64%9 991
VALIDUS HOLDINGS, LTD.43.54%5 371
RENAISSANCERE HOLDINGS LTD.3.19%5 255
IRB BRASIL RESSEGUROS SA13.09%3 687