Munchener Ruckversicherungs-Gesellschaft AG

MUV2: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€438.00	Qvnr	Xkhlmrg

Munich Re Beats Consensus on Strong Currency, Investments, and Reserve Releases

Henry Heathfield

Feb 23, 2023

We are maintaining our EUR 285 per-share fair value estimate and no moat rating for Munich Re. While full-year results are impressive, we remain cautious about them.

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