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Munchener Ruckversicherungs-Gesellschaft AG MUV2

Rating as of

Morningstar’s Analysis

Valuation
Currency in EUR
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Munich Re Beats on Q3, but the Results Lack Quality

Analyst Note

| Henry Heathfield, CFA |

Munich Re has reported numbers for the third quarter of 2021 that substantially beat consensus estimates, but quality is lacking. We slightly increase our fair value estimate to EUR 268 to account for the time value of money and maintain our no-moat rating.

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Company Profile

Business Description

Munich Re is one of the largest reinsurance firms in the world. It also serves clients with primary insurance.

Contact
Koniginstrasse 107
Munich, BY, 80802, Germany
T +49 8938910
Sector Financial Services
Industry Insurance - Reinsurance
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 39,341