muenchener rueckver ag-reg (MURGF) Key Developments
Munchener Ruck Announces Board Changes; Proposes to Pay Dividend for the Financial Year 2013
Mar 20 14
Munchener Ruck will appoint Doris Hopke as a Director. The effective date is May 01, 2014. She will take over responsibility for the Health Division from the Chairman of the Board of Management of Munich Re, Nikolaus von Bomhard. Hopke, who is a lawyer, has been Head of Munich Re in Madrid since 2011, and has worked for Munich Re since 1999. Pina Albo was appointed as a member of the Board of Management with effect from 1 October 2014. She will take on responsibility for the Europe and Latin America Division in conjunction with Georg Daschner from 1 October 2014, and will assume sole charge of the Division as from 1 January 2015. Daschner, who has been a member of the Board of Management since 2003, will retire on 31 December 2014. Albo, also a lawyer, has been working at Munich Reinsurance America Inc. since 2009 as President of the Reinsurance Division in the USA, and joined Munich Re in 1992.
The company announced that the supervisory Board adopted the Board of management's proposal to increase the dividend for the financial year 2013 to EUR 7.25 per share. at its Board meeting held on March 20, 2014.
Munich Re AG Provides Consolidated Earnings Guidance for the Year 2014
Mar 20 14
Munich Re AG provided consolidated earnings guidance for the year 2014. For the year, the company expects consolidated profit to reach EUR 3 billion in 2014.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft to Report Fiscal Year 2013 Final Results on Mar 20, 2014
Mar 13 14
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft announced that they will report fiscal year 2013 final results on Mar 20, 2014
Munich Re Announces Consolidated Earnings Results for the Fourth Quarter and Full-Year of 2013; Proposes Increased Dividend for 2013
Feb 4 14
Munich Re announced consolidated earnings results for the fourth quarter and full-year of 2013. In the fourth quarter, the company reported net profit more than doubled to €1.2 billion from €0.5 billion a year earlier. Investment income totaled €7.7 billion with an ROI of 3.5%, down compared to €8.4 billion the year before.
For the year the company reported net profit of €3.3 billion. The company improved its consolidated result in 2013 to €3.3 billion from €3.2 billion the previous year. The operating result was €4.4 billion for the year. ROE was flat compared to 2012 at 12.5%.
The company announced that it would propose an increased dividend of €7.25 per share for 2013, compared with €7.0 the previous year.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft to Report Fiscal Year 2013 Results on Feb 04, 2014
Jan 18 14
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft announced that they will report fiscal year 2013 results at 7:30 AM, Central European Standard Time on Feb 04, 2014