Muenchener Rueckversicherungs-Gesellschaft AG - Earnings Release 2021

News Details

Ad-hoc | 20 April 2021 11:37

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re achieves quarterly result of around €600m

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Quarter Results

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re achieves quarterly result of around €600m

20-Apr-2021 / 11:37 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

In the first quarter of 2021, Munich Re’s major-loss expenditure in property-casualty reinsurance was higher than average, primarily owing to an unusually severe cold spell in the USA, in particular in the state of Texas. In addition, both fields of reinsurance were affected by COVID-19-related losses that were in line with expectations. Nevertheless, Munich Re achieved a preliminary net profit of around €600m in the first quarter of the year (consensus of €466m*, Q1 2020: €221m) due to good operational development overall, an investment result that was within expectations, and ERGO’s very good performance. Munich Re will report on the definitive figures for the first quarter on 6 May, as planned.

*Mean value derived from the estimates of six financial analysts

Contact:

Dr. Stefan Gehring

General Counsel & Group Chief Compliance Officer

20-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
	Königinstraße 107
	80802 München
	Germany
Phone:	+49(0) 89 3891-0
Fax:	+49(0) 89 399 056
E-mail:	[email protected]
Internet:	www.munichre.com
ISIN:	DE0008430026, DE0008430026
WKN:	843002, 843002
Indices:	DAX, EURO STOXX 50
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Mailand
EQS News ID:	1186664