muenchener rueckver ag-reg (MURGF) Key Developments
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
Munich Re Presents at 13th German Corporate Conference, Jan-22-2014
Jan 16 14
Munich Re Presents at 13th German Corporate Conference, Jan-22-2014 . Venue: Frankfurt/Main, Germany. Speakers: Christine Franziszi, Senior IR.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft Presents at The 2nd Turkey Insurance and Reinsurance Conference, Feb-05-2014 10:00 AM
Nov 22 13
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft Presents at The 2nd Turkey Insurance and Reinsurance Conference, Feb-05-2014 10:00 AM. Venue: Pera Palace Hotel Jumeirah, Merutiyet Caddesi No: 52, 34430 Tepebai, Beyolu, Istanbul, Turkey. Speakers: Joachim Mathe, Client Executive Manager South Europe.
Munich Re Announces Financial Results for the Third Quarter and Nine Months Ended September 2013 ; Provides Earnings Guidance for the Year of 2013
Nov 7 13
Munich Re announced financial results for the third quarter and nine months ended September 2013. For the quarter, the company booked net profit of €637 million ($861 million), down from €1.13 billion a year earlier. Operating or underlying profit fell by 25.4% to €1.07 billion and gross premium income fell by 5.4% to €12.497 billion. For the quarter, the company reported gross written premiums in Latin America of €405 million ($541 million), down 6.5% compared to the same period 2012. Globally, the company reported gross written premiums of €12.5 billion, down 5.4% from the same year ago quarter. Underwriting profit fell 34% compared to third quarter of 2012 to €745 million and investment returns were down 5.5% to €2.099 billion.
For the nine months period, premiums in Latin America dropped 3.0% to €1.172 billion as reinsurance premiums fell 4.6% compared to the first nine months of 2013 to €1.15 billion.
Looking to the full year, "Although the company is very confident of achieving a profit of €3.0 billion. The company expected group premium for 2013 to total around €51 billion. The investment return for the full year 2013 is expected to total around €7.4 billion. The company currently anticipate an ROI of around 3.3%.