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Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY)
OTHER OTC:MURGY
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
0.16Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 2.67%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong overall performance with significant ROE and investment results. Life reinsurance showed exceptional results, and the Solvency II ratio improved. However, natural catastrophes and specific challenges in international segments like ERGO and Spanish health business impacted results. Overall, positive developments slightly outweigh the challenges.Company Guidance
During the Q3 2024 earnings call, Munich Re provided detailed guidance on its financial performance and outlook. The company achieved a net result of EUR 930 million for the quarter, impacted by significant natural catastrophe losses. Despite this, the group maintained strong overall profitability with a 20% ROE over nine months. The investment return was robust, with an ROI of 3.6% in Q3, supported by positive fair value changes. The life and health reinsurance segment exceeded initial full-year guidance by nearly EUR 200 million, while the property and casualty reinsurance segment reported a normalized combined ratio of 80.4% after nine months, better than the 82% guidance. ERGO's net result was EUR 164 million, with the international segment affected by Storm Boris. The Solvency II ratio slightly increased to 292%, reflecting a strong economic position. Looking ahead, Munich Re expects higher revenues and net profit for the full year, with combined ratio targets adjusted due to various factors, including Hurricane Milton's expected lower impact compared to Helene. The company remains committed to maintaining a prudent reserve strategy and optimizing capital returns.Strong Group ROE
The group's Return on Equity (ROE) was 20% after 9 months, well above the target.
Life Reinsurance Success
Life & Health reinsurance surpassed initial full year guidance by almost EUR 200 million after 9 months.
Positive Investment Return
Munich Re posted a Return on Investment (ROI) of 3.6% for Q3, supported by rising stock markets and lower bond yields.
Solvency II Ratio Improvement
The Solvency II ratio slightly increased to 292% in Q3, driven by good operating performance.
Increased Full Year Profit Guidance
Munich Re expects net profit to exceed the full year target of EUR 5 billion, driven by higher earnings in reinsurance.
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Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) Earnings, Revenues Date & History
MURGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MURGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $10.10 | $10.17 | +0.69% |
| Aug 08, 2024 | $9.52 | $9.48 | -0.42% |
| May 08, 2024 | $9.05 | $9.32 | +2.98% |
| Feb 27, 2024 | $8.92 | $8.92 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) report earnings?
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) earnings time?
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MURGY EPS forecast?
MURGY EPS forecast for the fiscal quarter 2024 (Q4) is 0.1.
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