|Bid||0.00 x 141600|
|Ask||0.00 x 153800|
|Day's range||258.10 - 260.20|
|52-week range||184.50 - 262.00|
|Beta (3Y monthly)||0.39|
|PE ratio (TTM)||13.59|
|Earnings date||28 Feb 2020|
|Forward dividend & yield||9.25 (3.59%)|
|1y target est||199.77|
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
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The Lloyd's of London Ltd insurance market is planning to launch two electronic exchanges next year as part of a three-year overhaul, it said on Monday, as it seeks to fend off competition from low-cost rivals. Lloyd's, which is made up of 99 syndicate members and focuses on large commercial insurance, has suffered two years of steep losses due to natural catastrophes and is facing uncertainty due to Britain's departure from the European Union. It has been moving slowly to process some of its trades online, but much business is still done face-to-face in Lloyd's City of London tower.
The Lloyd's of London insurance market is planning to launch two electronic exchanges next year as part of a three-year overhaul, it said on Monday, as it seeks to fend off competition from low-cost rivals. Lloyd's, which is made up of 99 syndicate members and focuses on large commercial insurance, has suffered two years of steep losses due to natural catastrophes and is facing uncertainty due to Britain's departure from the European Union. It has been moving slowly to process some of its trades online, but many market participants are seeking faster change in the market, where much business is still done face-to-face in Lloyd's City of London tower.
German high-voltage power transmission network Amprion, whose owners include RWE and Munich Re , is evaluating options to bring in fresh funds, two people familiar with the matter said. Amprion is one of Germany's four power transmission system operators, which also include TenneT , Elia's 50Hertz and EnBW's TransnetBW. Due to Germany's exit from baseload energy sources -- most notably nuclear and coal -- and a steep rise in intermittent renewable capacity, network operators face huge investments over the next decades to make sure grids can manage the squeeze.
Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling for several years due to competition and fewer natural disasters, renewal rates have started to climb in the past couple of years and for 2020 are set to rise on average by as much as 5%. S&P said rates would likely rise by around 5%, Moody's expected rises of 0-5%, while Fitch predicted 1-2%, in briefings ahead of the reinsurance industry's annual conference in Monte Carlo which begins on Saturday.
The cost to insurers of passing on a portion of the risk to reinsurance firms is likely to rise by around 5% in 2020, leading industry data tracker S&P Global said on Tuesday. "It's not a hard market but it's a hardening market, there's more positive momentum," Ali Karakuyu, lead analyst at S&P Global, told a media briefing, pointing to the impact of severe losses from natural catastrophes in 2017 and 2018. Fellow analyst David Masters said the industry was likely to see "mid-single digit price increases" as a result.
Hurricane Dorian, which battered the Bahamas early on Monday, could cause insurance industry losses of up to $25 billion, according to analysts at UBS. Dorian, the second-strongest Atlantic storm on record, was forecast to pound the archipelago through the day, then move slowly towards the east U.S. coast, where authorities ordered more than a million people evacuated in Florida, South Carolina and Georgia.
Could Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft (FRA:MUV2) be an attractive dividend share to own...
Some of Deutsche Bank's major investors want supervisory board chairman Paul Achleitner to step down before his term ends in 2022, a German magazine reported on Friday. Der Spiegel didn't name the investors it said were pressing for the change. Achleitner, under pressure from shareholders for some time, survived a confidence vote at May's annual shareholders' meeting.
German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019. Net profit was 993 million euros (£914.9 million), up from 728 million euros a year ago. Last month, the company had already said that it expected to post a net profit of about 1 billion euros.
After Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft's (FRA:MUV2) earnings announcement in March 2019...
German reinsurer Munich Re expects to post a net profit of about 1 billion euros (£898.93 million) in the second quarter as payouts for natural disasters remained subdued and the company benefited from high reserve releases. In the first quarter, the reinsurer posted a 23 percent decline in net profit to 633 million euros as a result of higher claims.
Shares in Protector Forsikring fell 12% on Wednesday after the Norwegian insurer warned about a second-quarter loss, partly because it had lost an arbitration case related to the 2017 Grenfell Tower fire in London. The loss associated with the arbitration case was about 6.9 million pounds ($8.6 million). Protector was the insurance provider for the Royal Borough of Kensington and Chelsea, which owned the Grenfell Tower in which 72 people were killed when a fire tore through the building in 2017.
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* European shares seek floor after heavy two-day sell off * STOXX 600 rebounds after hitting April 1 low, now up 0.1 pct * Siemens steals show with gas spin off and strong results * Defensives come under ...
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. European futures are indicating a subdued open this morning after the pan-European STOXX 600 hit more than one-month lows yesterday as investors continue to fret about renewed tensions between China and the United States over their prolonged trade spat as the world's top economies embark on last-ditch talks to salvage a deal. China's trade data for April was a bit of mixed bag with higher imports bolster some confidence about domestic demand, although falling exports may stir concerns about U.S. trade deficit.
German reinsurer Munich Re on Wednesday reported a 23 percent decline in net profit in the first quarter as a result of higher claims, but it left its full-year profit guidance unchanged. Net profit in the quarter was 633 million euros (543 million pounds), above expectations of 613 million euros in a Reuters poll. The company maintained its full-year profit target of around 2.5 billion euros.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to...
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! MUV2 operates in the insurance industry, which has characteristics thatRead More...