- Strong Operating Profit: Munich Re’s operating profit reached €7.97 billion, marking a 40% increase year-on-year, surpassing the estimated €7.57 billion.
- Total Profit: The company reported a profit of €5.67 billion with reinsurance profit at €4.88 billion.
- Ergo Segment Performance: The Ergo segment profit was €791 million, a 9.7% year-on-year increase.
- Insurance Revenue: Total insurance revenue was €60.83 billion, slightly below the estimated €61.24 billion.
- Dividend and EPS: Dividend per share was €20, exceeding the expected €16.50. Earnings per share were €42.78, slightly above the anticipated €42.44.
- Return on Equity: The company achieved an 18.2% return on equity.
- Q4 Profit: Fourth-quarter profit stood at €979 million.
- 2025 Forecast:
- Profit outlook remains at €6 billion.
- Reinsurance profit expected at €5.1 billion, slightly below the two estimates of €5.3 billion.
- Return on investment projected to remain above 3%.
- Insurance revenue expected to reach €64 billion, just below the estimated €64.12 billion.
- Reinsurance insurance revenue maintained at €42 billion.
- Projections for the Property-Casualty reinsurance combined ratio at 79%, better than the estimated 82.2%.
- Claim Anticipation for Wildfires: Munich Re anticipates claims from the LA wildfires to total approximately €1.2 billion in costs for property-casualty reinsurance and Global Specialty Insurance, with this estimate subject to high uncertainty.
- Reinsurance Renewals: As of January 1, 2025, the volume of business written in reinsurance renewals decreased slightly by 2.4% to €15.6 billion.
- New Share Buyback Program: Munich Re announced a new share buyback with a significantly higher volume of €2 billion, set for completion by the 2026 AGM.
A look at Muenchener Rueckversicherungs- Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| 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
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Analysts reviewing Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) are optimistic about its long-term prospects based on Smartkarma Smart Scores. With a top score in Growth and strong scores in Dividend, Resilience, and Momentum, the company seems well-positioned for future success. MunichRe, a provider of reinsurance, insurance, and asset management services with a global presence, shows potential for sustained growth and stability in the financial markets.
The Smart Scores for MunichRe indicate a positive outlook, with particularly high ratings in Growth and solid scores in Dividend, Resilience, and Momentum. Investors are likely to view MunichRe favorably for its strong performance across these key factors, suggesting a promising future for the company in the competitive financial services industry.
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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.
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