DGAP-Adhoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re achieves quarterly result of around €600m
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DGAP-Ad-hoc: 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.
Archive at www.dgap.de
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| Language: |
English |
| Company: |
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München |
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Königinstraße 107 |
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80802 München |
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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 |
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| End of Announcement |
DGAP News Service |
1186664 20-Apr-2021 CET/CEST
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Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München DE0008430026