EQS-Adhoc

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re posts quarterly result of €2.1bn

EQS-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Quarter Results Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re posts quarterly result of €2.1bn 23-Apr-2024 / 11:10 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Munich Re has made a strong start to the year. With a preliminary net profit of approximately €2.1bn in the first quarter of 2024, the Group significantly surpassed analysts’ expectations of €1,476m*. The operational performance of all lines of business was better than expected for the full year:   In property-casualty reinsurance, the combined ratio was approximately 75%, attributable in particular to below-average major-loss expenditure.   Life and health reinsurance recorded a total technical result of around €0.6bn.   ERGO’s net result stood at approximately €0.3bn.   Buoyed by a favourable capital market environment, Munich Re achieved a high investment result, with an ROI of approximately 3.8%, and a positive currency result. Munich Re still anticipates a net result of €5bn for the 2024 financial year. Surpassing this target has become more likely due to the Q1 result. Munich Re will provide final Q1 2024 results on 8 May as scheduled. * Mean value derived from the estimates of 11 financial analysts. Contact: Dr. Stefan Gehring General Counsel & Group Compliance Officer End of Inside Information 23-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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Language:	English
Company:	Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
	Königinstraße 107
	80802 München
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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:	1887053

End of Announcement	EQS News Service

1887053  23-Apr-2024 CET/CEST

Münchener Rück

-1,78 %

-1,90 %

-10,26 %

+3,20 %

+20,00 %

+66,78 %

+88,59 %

+153,72 %

+389,19 %

ISIN:DE0008430026WKN:843002

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