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Munchener Ruckversicherungs-Gesellschaft AG ADR MURGY

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Munich Re's First Quarter a Slight Miss; Model Rolled; FVE Increase; Shares Undervalued

Analyst Note

| Henry Heathfield, CFA |

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.

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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 Dec 31, 2020
Fiscal Year End Dec 31, 2021
Stock Type
Employees 39,642