| Münchener Rück AG (DE0008430026) | |||
545,00 EURStand (close): 01.07.25 |
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| 26.06.25 11:17:04 | ERGO completes merger of Nordic insurance operations |  |
| ERGO Group, part of Munich Re, has concluded the merger of its Danish travel insurance company, Europæiske Rejseforsikring, and its Norwegian health insurance business, ERGO Forsikring, into a single entity. The combined entity will operate under the brand name ERGO Forsikring, marking a consolidation of ERGO's activities in the Nordic insurance market. The merger will unify the product offerings and market presence of the two entities, providing healthcare and travel insurance to both corporate and individual clients in Denmark, Norway and Sweden. The integration is expected to yield joint distribution networks, enhance business relationships and improve market access in the Nordic region. ERGO Forsikring CEO Ronald Kraule said: “With ERGO Forsikring A/S as a genuine pan-Nordic insurance player, we will strengthen our position in every local market, providing innovative, simple and tailored solutions to meet the evolving needs of our customers. “As we bring together our respective expertise in the health and travel segments, underpinned by consequent digitalisation, we will act as a one-stop shop for holistic insurance coverage. With this new setup, we will enhance our service offerings and deliver significant added value for our customers and partners.” In March, Munich Re announced the acquisition of NEXT Insurance at a valuation of $2.6bn (€2.22bn). Upon completion of this transaction, NEXT Insurance will become a part of the ERGO Group portfolio. "ERGO completes merger of Nordic insurance operations " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. View Comments |
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| 24.06.25 11:55:00 | Instnt Partners with Munich Re to Bolster Identity Fraud Loss Insurance Coverage | |
| Expanding List of AM Best A Rated Insurers Offering Reinsurance Coverage NEW YORK, June 24, 2025--(BUSINESS WIRE)--Instnt announces a strategic partnership with Munich Re to expand reinsurance capacity for its innovative Fraud Loss Insurance product. Instnt’s first-of-its-kind solution combines AI-led verification and insurance-backed protection to provide a path to recovery, growth, and lasting resilience against fraud. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You Learn More The Insurance Savings You Expect Learn More Great Rates and Award-Winning Service Learn More Powered by Money.com - Yahoo may earn commission from the links above. Fraud has long imposed a heavy burden on businesses, costing an estimated $485.6 billion globally in 2023 (Nasdaq, 2024). Instnt is changing that narrative with a first-of-its-kind solution that merges AI-driven identity verification and fraud detection with insurance-backed protection, helping businesses transfer fraud risk and recover quickly when losses occur. Instnt’s partnership with Munich Re, a global reinsurer and leader in insuring emerging technologies, underscores the credibility, strength, and innovation behind Instnt’s groundbreaking offering. The collaboration deepens Instnt’s relationship with leading insurance companies, which also includes Accredited and Howden, among others. "Instnt combines AI-based fraud detection technology with financial risk transfer, in case the AI fails to recognize fraud events. This combination of AI and fraud insurance can provide protection for companies against a wide range of fraud events," said Michael von Gablenz, Head of Insure AI at Munich Re and HSB. "My team utilizes experience and expertise from our aiSure™ AI insurance solution and acts as reinsurer behind Instnt’s Fraud Loss Insurance." Redefining Fraud Risk Management Instnt’s Fraud Loss Insurance solution enables businesses to confidently onboard more legitimate customers while reducing exposure to financial losses resulting from identity fraud. Key features include: AI-Driven Customer Verification and Fraud Detection – Identify and onboard authentic customers in real time while blocking fraud attempts. Risk Transfer via Reinsurance – Offload potential losses to a trusted insurance infrastructure supported by Munich Re and others. Rapid Claims and Recovery – File claims online and receive payouts within 30 days. Capital Efficiency – Free up fraud reserve capital for growth and operations. "Our mission is to make fraud a manageable, insurable risk, not a constant cost of doing business," said Sunil Madhu, Founder and CEO of Instnt. "With Munich Re’s backing, we’re delivering the robust underwriting, loss mitigation, and claims management capabilities needed to support this transformative protection." Story Continues Instnt’s Identity Fraud Loss Insurance solution is now available to qualified businesses. For more information or to request a quote, visit https://instnt.ai or contact hello@instnt.ai. About Instnt Instnt is a venture-backed insurance technology business headquartered in New York. Instnt's AI mitigates fraud risks for businesses and transfers residual losses to the insurance market through a unique partnership with global A-rated insurers, saving businesses millions in operational and treasury costs. Instnt was founded by its CEO, Sunil Madhu, serial entrepreneur, founder and former CEO of $5B fraud identity leader Socure. For more information, visit https://instnt.ai. About Munich Re Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the asset management company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. Munich Re leverages its strengths to promote its clients’ business interests and technological progress. Moreover, Munich Re develops covers for new risks such as rocket launches, renewable energies, cyber risks and artificial intelligence. In the 2024 financial year, Munich Re generated insurance revenue of €60.8bn and a net result of €5.7bn. The Munich Re Group employed about 44,000 people worldwide as of 31 December 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20250624234889/en/ Contacts Instnt, Inc. (888) 410-0128 Press@instnt.ai View Comments |
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| 16.06.25 10:01:08 | Munich Re Specialty unveils new life science insurance division | |
| Munich Re Specialty-North America (MRS-NA) has expanded its insurance offerings with the establishment of a new life science business. The division will cater to a variety of sectors within the life science industry, including animal health, clinical trials, contract services, dietary supplements, medical devices and pharmaceuticals. Advertisement: Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You Learn More The Insurance Savings You Expect Learn More Great Rates and Award-Winning Service Learn More Powered by Money.com - Yahoo may earn commission from the links above. MRS-NA's life science liability coverage includes medical product liability for product defects and compliance with clinical trials and regulations. It also encompasses errors and omissions (E&O) coverage for financial losses due to errors, omissions or negligence, as well as premises liability for the safety of individuals on client properties. Cyber and tech E&O coverage is also available to protect against digital risks, and medical professional liability is offered for medical malpractice risks. The company said senior vice-president James Craig will lead the business, which is part of the Healthcare group in Excess & Surplus Lines. Craig said: “Munich Re Specialty’s new product offering is a direct response to what we have heard from our broker partners looking for smarter, more flexible coverages tailored to the realities of today’s medical and biotech advancements.” The life science team at MRS-NA will work with both wholesalers and retailers to provide primary and excess coverage across all 50 US states. The new division is backed by the financial stability of the Munich Re Group. MRS-NA Excess & Surplus Lines president Liz Kramer stated: “Our life science liability coverage is responsive to the real-world needs of these clients and is competitive in the marketplace. “Munich Re Specialty saw an opportunity to serve this vital niche as well as expand the capabilities of our healthcare portfolio.” In April, Munich Re Specialty divested GJW Direct, a boat insurance specialist, to Ripe, a UK-based insurtech company. "Munich Re Specialty unveils new life science insurance division " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. |
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| 25.04.25 22:06:24 | Münchener Rückversicherungs-Gesellschaft (MUV2.DE): Among the Best German Dividend Stocks to Buy Now | |
| We recently published a list of 10 Best German Dividend Stocks To Buy Now. In this article, we are going to take a look at where Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (XETRA:MUV2.DE) stands against other best German dividend stocks to buy now. At the end of January this year, Germany’s government significantly slashed its GDP growth forecast for 2025 to just 0.3% from the prior estimate of 1.1%. German economy minister Robert Habeck expressed concern, highlighting stagnation despite some positive signs like rising credit demand. This revision is in line with projections from other institutions like the IMF and Bundesbank. Germany’s economy shrank by 0.2% in 2024, following a 0.3% decline in 2023. The government pointed to stagnant growth plans, geopolitical uncertainties, and structural issues such as labor shortages and weak investment. While the country faces challenges, there is hope for better growth by 2026. Similarly, Germany’s Ifo Institute has also cut its 2025 growth forecast to just 0.2%, pointing to sluggish consumer spending and hesitancy among companies to invest. While a slight improvement to 0.8% is expected next year, the outlook remains shaky due to political uncertainty and possible US trade policies. Despite some recovery in purchasing power, consumer confidence is still low, and industries are feeling the pressure from weak demand and growing global competition. Ifo also warned that US tariffs on European goods could pose a serious threat to German exports. According to the Association of German Banks, a stronger recovery is not likely until 2026, when growth could reach 1.4%. The outlook has worsened, especially after the U.S. announced a 25% tariff on imported cars, causing a major blow to German automakers. Corporate investment is also expected to stay sluggish, with even the projected 3.5% increase in 2026 falling short of previous post-crisis rebounds. Still, experts say that strong reforms and a more competitive tax policy from the next government could help turn things around sooner. Jari Stehn, Chief European Economist at Goldman Sachs Research, shed some light on the German economy and commented back in December 2024: “Even though industrial production is down significantly over the last few years, the amount of value added has actually been much more stable. German companies have been able to respond by moving out of relatively low-margin production in chemicals or paper, and so on, into higher value production. I think the way forward essentially is for German companies to continue to do that.” Story Continues With that outlook in mind, individuals who want to diversify their portfolios and add income-generating stocks to their investment mix can invest in some stable German dividend stocks. Our Methodology For this article, we used the iShares DivDAX® UCITS ETF (DE) to filter out German dividend stocks. The ETF aims to replicate the performance of an index comprising 15 high dividend yield stocks selected from the 30 largest and most actively traded companies on the Frankfurt Stock Exchange’s Prime Standard segment. From this fund, we focused on picking prominent stocks with positive investor sentiment, stable yields, and strong dividend policies. The list below is ranked in ascending order of dividend yield as of April 21. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).Is Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MUV2.DE) the Best German Dividend Stock To Buy Now? A close-up of a signed policy document from an insurance-reinsurance company. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (XETRA:MUV2.DE) Dividend Yield as of April 21: 3.33% Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (XETRA:MUV2.DE), based in Munich and founded in 1880, is a global insurance and reinsurance company. Its plans include policies from life, health, and property reinsurance to specialty coverage like cyber, agriculture, and natural catastrophes. Munich Re is one of the best German dividend stocks to invest in, with a dividend yield of 3.33% as of April 21. On March 24, Goldman Sachs raised the price target on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (XETRA:MUV2.DE) from €562 to €573, but downgraded the stock from Buy to Neutral. Munich Re’s stock has climbed about 20% since September 2024, outperforming the broader market. While analysts at Goldman Sachs still see strong earnings and capital return potential, the current valuation looks a bit stretched, and with earnings estimates now matching market expectations, there is not much room left for surprise gains. Munich Re reported a net profit of €5.7 billion in 2024, beating its annual targets for the fourth year in a row. The company’s performance continues to outpace its peers, both in earnings and in shareholder returns. Since launching its Ambition 2025 strategy back in 2021, the share price has essentially doubled, crossing €500 in 2024. Munich Re also plans to increase its dividend to €20 per share and has approved a new €2 billion share buyback, €500 million more than last year, pending shareholder approval. Overall, MUV2.DE ranks 9th on our list of best German dividend stocks to buy now. While we acknowledge the potential of German stocks as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than MUV2.DE but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. View Comments |
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| 23.04.25 05:34:21 | Münchener Rückversicherungs-Gesellschaft in München (ETR:MUV2) Is Increasing Its Dividend To €20.00 |  |
| The board of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (ETR:MUV2) has announced that the dividend on 6th of May will be increased to €20.00, which will be 33% higher than last year's payment of €15.00 which covered the same period. Despite this raise, the dividend yield of 2.5% is only a modest boost to shareholder returns. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Münchener Rückversicherungs-Gesellschaft in München's Projected Earnings Seem Likely To Cover Future Distributions It would be nice for the yield to be higher, but we should also check if higher levels of dividend payment would be sustainable. The last dividend was quite easily covered by Münchener Rückversicherungs-Gesellschaft in München's earnings. This indicates that quite a large proportion of earnings is being invested back into the business. The next year is set to see EPS grow by 23.3%. If the dividend continues along recent trends, we estimate the payout ratio will be 40%, which is in the range that makes us comfortable with the sustainability of the dividend.XTRA:MUV2 Historic Dividend April 23rd 2025 Check out our latest analysis for Münchener Rückversicherungs-Gesellschaft in München Münchener Rückversicherungs-Gesellschaft in München Has A Solid Track Record The company has an extended history of paying stable dividends. The annual payment during the last 10 years was €7.75 in 2015, and the most recent fiscal year payment was €15.00. This works out to be a compound annual growth rate (CAGR) of approximately 6.8% a year over that time. The dividend has been growing very nicely for a number of years, and has given its shareholders some nice income in their portfolios. The Dividend Looks Likely To Grow Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. It's encouraging to see that Münchener Rückversicherungs-Gesellschaft in München has been growing its earnings per share at 18% a year over the past five years. Earnings are on the uptrend, and it is only paying a small portion of those earnings to shareholders. Münchener Rückversicherungs-Gesellschaft in München Looks Like A Great Dividend Stock Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Distributions are quite easily covered by earnings, which are also being converted to cash flows. Taking this all into consideration, this looks like it could be a good dividend opportunity. Story Continues It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Earnings growth generally bodes well for the future value of company dividend payments. See if the 11 Münchener Rückversicherungs-Gesellschaft in München analysts we track are forecasting continued growth with our freereport on analyst estimates for the company. Is Münchener Rückversicherungs-Gesellschaft in München not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 21.04.25 06:19:08 | Is Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München's (ETR:MUV2) Recent Stock Performance Tethered To Its Strong Fundamentals? | |
| Münchener Rückversicherungs-Gesellschaft in München (ETR:MUV2) has had a great run on the share market with its stock up by a significant 19% over the last three months. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Münchener Rückversicherungs-Gesellschaft in München's ROE. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. We check all companies for important risks. See what we found for Münchener Rückversicherungs-Gesellschaft in München in our free report. How To Calculate Return On Equity? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Münchener Rückversicherungs-Gesellschaft in München is: 17% = €5.7b ÷ €33b (Based on the trailing twelve months to December 2024). The 'return' refers to a company's earnings over the last year. That means that for every €1 worth of shareholders' equity, the company generated €0.17 in profit. Check out our latest analysis for Münchener Rückversicherungs-Gesellschaft in München Why Is ROE Important For Earnings Growth? So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes. A Side By Side comparison of Münchener Rückversicherungs-Gesellschaft in München's Earnings Growth And 17% ROE At first glance, Münchener Rückversicherungs-Gesellschaft in München seems to have a decent ROE. Even when compared to the industry average of 17% the company's ROE looks quite decent. Consequently, this likely laid the ground for the impressive net income growth of 25% seen over the past five years by Münchener Rückversicherungs-Gesellschaft in München. However, there could also be other drivers behind this growth. Such as - high earnings retention or an efficient management in place. Next, on comparing with the industry net income growth, we found that Münchener Rückversicherungs-Gesellschaft in München's growth is quite high when compared to the industry average growth of 10% in the same period, which is great to see. Story Continues XTRA:MUV2 Past Earnings Growth April 21st 2025 Earnings growth is a huge factor in stock valuation. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Münchener Rückversicherungs-Gesellschaft in München fairly valued compared to other companies? These 3 valuation measures might help you decide. Is Münchener Rückversicherungs-Gesellschaft in München Efficiently Re-investing Its Profits? Münchener Rückversicherungs-Gesellschaft in München has a three-year median payout ratio of 35% (where it is retaining 65% of its income) which is not too low or not too high. So it seems that Münchener Rückversicherungs-Gesellschaft in München is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered. Besides, Münchener Rückversicherungs-Gesellschaft in München has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 45% over the next three years. However, the company's ROE is not expected to change by much despite the higher expected payout ratio. Conclusion On the whole, we feel that Münchener Rückversicherungs-Gesellschaft in München's performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 24.03.25 04:28:06 | Münchener Rückversicherungs-Gesellschaft in München (ETR:MUV2) Is Paying Out A Larger Dividend Than Last Year | |
| Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München's (ETR:MUV2) periodic dividend will be increasing on the 6th of May to €20.00, with investors receiving 33% more than last year's €15.00. Even though the dividend went up, the yield is still quite low at only 2.6%. Münchener Rückversicherungs-Gesellschaft in München's Projected Earnings Seem Likely To Cover Future Distributions While yield is important, another factor to consider about a company's dividend is whether the current payout levels are feasible. Based on the last payment, Münchener Rückversicherungs-Gesellschaft in München was quite comfortably earning enough to cover the dividend. This indicates that quite a large proportion of earnings is being invested back into the business. The next year is set to see EPS grow by 23.3%. Assuming the dividend continues along recent trends, we think the payout ratio could be 40% by next year, which is in a pretty sustainable range.XTRA:MUV2 Historic Dividend March 24th 2025 Check out our latest analysis for Münchener Rückversicherungs-Gesellschaft in München Münchener Rückversicherungs-Gesellschaft in München Has A Solid Track Record The company has an extended history of paying stable dividends. Since 2015, the annual payment back then was €7.75, compared to the most recent full-year payment of €15.00. This means that it has been growing its distributions at 6.8% per annum over that time. Dividends have grown at a reasonable rate over this period, and without any major cuts in the payment over time, we think this is an attractive combination as it provides a nice boost to shareholder returns. The Dividend Looks Likely To Grow Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Münchener Rückversicherungs-Gesellschaft in München has impressed us by growing EPS at 18% per year over the past five years. Since earnings per share is growing at an acceptable rate, and the payout policy is balanced, we think the company is positioning itself well to grow earnings and dividends in the future. Münchener Rückversicherungs-Gesellschaft in München Looks Like A Great Dividend Stock In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Distributions are quite easily covered by earnings, which are also being converted to cash flows. Taking this all into consideration, this looks like it could be a good dividend opportunity. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Companies that are growing earnings tend to be the best dividend stocks over the long term. See what the 11 analysts we track are forecasting for Münchener Rückversicherungs-Gesellschaft in München for free with public analyst estimates for the company. Is Münchener Rückversicherungs-Gesellschaft in München not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 20.03.25 16:24:01 | Munich Re’s Ergo to Buy Next Insurance in $2.6 Billion Deal | |
| (Bloomberg) -- Munich Re agreed to buy Next Insurance in a deal valuing the US-based startup at $2.6 billion. Most Read from Bloomberg New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Amtrak CEO Departs Amid Threats of a Transit Funding Pullback Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs NYC Plans for Flood Protection Without Federal Funds Next Insurance, which is headquartered in Palo Alto, California, will become part of Munich Re’s primary insurance unit Ergo upon completion of the transaction, which is expected in the third quarter, according to a statement Thursday. The deal marks the first foray for Munich Re’s primary insurer into the world’s largest insurance market, where it is seeking to tap demand from small and medium-sized businesses. Chief Executive Officer Joachim Wenning has worked to reduce complexity within the company and turned around Ergo, which for years had been a drag on earnings for years. Founded in 2016, Next Insurance offers property and casualty insurance. Munich Re first invested in 2017 and later increased its stake to 29%. Other investors include Alphabet Inc.’s growth fund Capital G and Allianz SE’s digital investment arm. Most Read from Bloomberg Businessweek Tesla’s Gamble on MAGA Customers Won’t Work A New ‘China Shock’ Is Destroying Jobs Around the World How TD Became America’s Most Convenient Bank for Money Launderers The Real Reason Trump Is Pushing ‘Buy American’ The Future of Higher Ed Is in Austin ©2025 Bloomberg L.P. View Comments |
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| 20.03.25 15:07:52 | Germany's Munich Re to buy 71% of Next Insurance, valuing it at $2.6 billion | |
| FRANKFURT (Reuters) - Munich Re is buying the 71% of Next Insurance that it doesn't already own, valuing the California-based company at $2.6 billion and strengthening its foothold in the United States, a division of the German company announced on Thursday. Ergo, the primary insurance business of reinsurer Munich Re, will become the sole owner of Next, which is focused on insuring U.S. small businesses. Until now, Next investors have included Allianz, Alphabet and American Express. It is the latest in a spate of deals affecting German insurance companies. "We will tap into a highly attractive market overseas, unlocking significant growth," Ergo's CEO Markus Riess said. Next was founded in 2016 and now has around 700 employees and 600,000 customers. Munich Re and Ergo have been investors since 2017. (Reporting by Tom Sims, Editing by Miranda Murray) View Comments |
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| 04.03.25 04:17:38 | Münchener Rückversicherungs-Gesellschaft in München Full Year 2024 Earnings: EPS Beats Expectations | |
| Münchener Rückversicherungs-Gesellschaft in München (ETR:MUV2) Full Year 2024 Results Key Financial Results Revenue: €61.4b (up 4.8% from FY 2023). Net income: €5.69b (up 23% from FY 2023). Profit margin: 9.3% (up from 7.9% in FY 2023). The increase in margin was driven by higher revenue. EPS: €42.78 (up from €33.87 in FY 2023).XTRA:MUV2 Revenue and Expenses Breakdown March 4th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period Münchener Rückversicherungs-Gesellschaft in München EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. The primary driver behind last 12 months revenue was the Reinsurance - Property-Casualty segment contributing a total revenue of €27.9b (45% of total revenue). Notably, cost of sales worth €43.0b amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €8.97b (71% of total expenses). Explore how MUV2's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Insurance industry in Europe. Performance of the market in Germany. The company's shares are up 7.4% from a week ago. Risk Analysis It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Münchener Rückversicherungs-Gesellschaft in München, and understanding this should be part of your investment process. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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