1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
Munich Reinsurance has reported numbers for the first quarter of 2021. Having rolled our model to incorporate full-year 2020 numbers, we are increasing our fair value estimate slightly to EUR 265.0 per share. The results on April 6 look to be in line with what we anticipate for the full year, though the third quarter will be crucial in this outcome. We maintain our no moat rating.
Munich Re is one of the largest reinsurance firms in the world. It also serves clients with primary insurance.
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