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Munchener Ruckversicherungs-Gesellschaft AG MUV2 Stock Quote

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Morningstar‘s Stock Analysis MUV2

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Economic Moat

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Capital Allocation

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Munich Re Is Still Probably the Safest Pair of Hands in Reinsurance

Business Strategy and Outlook

| Henry Heathfield, CFA |

Munich Re is the largest reinsurer in the world by gross premiums written. A business of this size in an industry that is geared toward diversification rarely has an opportunity to improve returns on equity beyond efficiency. By that, we mean carving out a superior competitive position by utilizing information technology and scale in order to drive down expenses. However, in the case of Munich Re, while we identify the occurrence of this dynamic, we also see the implementation of innovative technology as key to the ongoing strategic positioning and development of the business. What we think we are witnessing is institutional knowledge that is being transferred from one specialist area within the business to a division that is more commonly associated as a commodity. In the years that we believe this transfer has taken place, we have seen an improvement in divisional operating metrics. For the business unit in question, we calculate this as operating profit over gross premiums written.

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Key Statistics MUV2

Company Profile MUV2

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
Industry Insurance - Reinsurance
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 40,177