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M?nchener R?ckversicherungs-Gesellschaft Aktiengesellschaft in M?nchen, DE0008430026

M?nchener R?ckversicherungs-Gesellschaft Aktiengesellschaft in M?nchen, DE0008430026

20.04.2021 - 11:41:23

M?nchener R?ckversicherungs-Gesellschaft Aktiengesellschaft in M?nchen: Munich Re achieves quarterly result of around ?600m

In the first quarter of 2021, Munich Re's major-loss expenditure in property-casualty reinsurance was higher than average, primarily owing to an unusually severe cold spell in the USA, in particular in the state of Texas. In addition, both fields of reinsurance were affected by COVID-19-related losses that were in line with expectations. Nevertheless, Munich Re achieved a preliminary net profit of around ?600m in the first quarter of the year (consensus of ?466m*, Q1 2020: ?221m) due to good operational development overall, an investment result that was within expectations, and ERGO's very good performance. Munich Re will report on the definitive figures for the first quarter on 6 May, as planned. *Mean value derived from the estimates of six financial analysts

Contact: Dr. Stefan Gehring General Counsel & Group Chief Compliance Officer

20-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: M?nchener R?ckversicherungs-Gesellschaft Aktiengesellschaft in M?nchen K?niginstra?e 107 80802 M?nchen

Germany Phone: +49(0) 89 3891-0 Fax: +49(0) 89 399 056 E-mail: shareholder@munichre.com Internet: www.munichre.com ISIN: DE0008430026, DE0008430026 WKN: 843002, 843002 Indices: DAX, EURO STOXX 50 Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Mailand EQS News ID: 1186664 ? End of Announcement DGAP News Service


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