DGAP-Adhoc: Munich Re announces profit target of €2.8bn for 2021; Profit outlook of €1.2bn for 2020


 

DGAP-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Forecast
Munich Re announces profit target of €2.8bn for 2021; Profit outlook of €1.2bn for 2020

01-Dec-2020 / 10:54 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.


Munich Re announces profit target of €2.8bn for 2021; Profit outlook of €1.2bn for 2020

Munich Re's Board of Management has today approved its profit guidance for 2021. Despite anticipated further COVID‑19 losses, Munich Re will seamlessly return to its pre-pandemic profit level of €2.8bn. Munich Re expects financial consequences from COVID-19 next year as well, but on a considerably smaller scale than in 2020. In reinsurance, COVID-19 claims will amount to approximately €500m, and the technical result will be reduced by €50m due to foregone premiums. The ERGO field of business anticipates negative effects on the net result totalling about €100m. Group premium income will rise to about €55bn in 2021 - despite a decrease in premium volume caused by the pandemic. The return on investment will be above 2.5%. Financial planning for 2021 is subject to the approval of the Supervisory Board.

On account of considerable uncertainty pertaining to the repercussions of COVID-19, Munich Re withdrew its profit forecast for this year on 31 March 2020. The Board of Management has today approved a revised forecast for this year, with Munich Re expecting a consolidated profit of €1.2bn for 2020. A profit of €200m has been forecast for Q4. As in Q1-Q3, there has been high expenditure for COVID‑19 in Q4. In 2020, Munich Re expects €3.4bn in reinsurance losses arising from COVID-19, with life and health reinsurance accounting for €360m and property-casualty reinsurance for €3.02bn. ERGO expects a negative COVID-19 impact of approx. €65m on the net result. Group premium income in 2020 is expected to total €54bn. High market volatility and the further fall in interest rates notwithstanding, the return on investment will be approx. 3%.




Contact:
Dr. Fabian Jürgens
General Counsel & Group Chief Compliance Officer

01-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: 1151764

 
End of Announcement DGAP News Service

1151764  01-Dec-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 49.115,00 49.064,00 51.457,00 54.890,00 59.567,00 67.133,00 58.000,00
EBITDA1,2 1.241,00 3.725,00 4.004,00 1.986,00 3.517,00 4.087,00 0,00
EBITDA-Marge3 2,53 7,59 7,78 3,62 5,90 6,09
EBIT1,4 1.241,00 3.725,00 4.004,00 1.986,00 3.517,00 3.582,00 0,00
EBIT-Marge5 2,53 7,59 7,78 3,62 5,90 5,34 0,00
Jahresüberschuss1 392,00 2.275,00 2.707,00 1.211,00 2.932,00 3.419,00 4.500,00
Netto-Marge6 0,80 4,64 5,26 2,21 4,92 5,09 7,76
Cashflow1,7 1.833,00 2.998,00 9.493,00 7.219,00 5.226,00 -7.644,00 0,00
Ergebnis je Aktie8 2,44 15,53 18,97 8,63 20,93 24,63 33,00
Dividende8 8,60 9,25 9,80 9,80 11,00 11,60 8,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
Münchener Rück
WKN Kurs in € Einschätzung Börsenwert in Mio. €
843002 423,400 Halten 57.780,61
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,76 13,74 0,86 24,50
KBV KCV KUV EV/EBITDA
2,97 - 0,86 14,14
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
11,60 12,10 2,86 25.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 08.08.2024 08.11.2023 14.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
7,92% 15,58% 12,88% 32,52%
    
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