DAX ®12.631,12+0,25%TecDAX ®2.406,23+0,76%S&P FUTURE2.498,90-0,08%Nasdaq 100 Future5.930,50-0,25%
finanztreff.de

DGAP-Adhoc: Munich Re may miss profit guidance for 2017

| Quelle: DGAP

DGAP-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Profit Warning/Miscellaneous
Munich Re may miss profit guidance for 2017

13-Sep-2017 / 21:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Hurricane losses threatening Munich Re profit guidance for 2017

After Hurricane Harvey caused significant damage in Texas and adjacent states at the end of August, there has now been another devastating storm in the form of Hurricane Irma. It caused extensive damage on islands in the Caribbean, and also in Florida. These two events are expected to result in high insured losses, which the market and Munich Re are unable to quantify at the moment. Despite good business performance in 2017 to date, the losses from Harvey and Irma could mean that Munich Re might miss its profit guidance of EUR2.0-2.4bn for the year - depending on how the business performs until the end of 2017. The figures for the third quarter of 2017 will probably show a loss. Munich Re's business and risk strategy ensures that even after such severe natural catastrophes the Group has a sufficiently solid capital base to still be able to offer full reinsurance capacity to its clients.

 


Information and Explanation of the Issuer to this News:

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to make them conform with future events or developments.


13-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Königinstraße 107
80802 München
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

 
End of Announcement DGAP News Service

609567  13-Sep-2017 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=609567&application_name=news&site_id=real_vwd
Werbung

Passende Hebelprodukte von

WKN Bezeichnung Hebel
DL8KM8 MünchenerRück WaveXXL L 159.85 (DBK) 7,016

MÜNCH. RÜCK

Xetra 176,90 +0,06%
EUR 13:24:01 +0,10

zum Kursportrait AdHoc-Meldungen & Insidertrades
Werbung
Werbung
Werbung
Das ATB Tagesgeldkonto - Transparenz für Ihr Geld |Bid & Ask Newsletter kostenlos lesen! |Jetzt Wünsche erfüllen mit dem PrivatKredit der Degussa Bank.
Baufinanzierung bei der Degussa Bank
Werbung

Werbung
schliessen
Börse Stuttgart Anlegerclubschliessen

The rise of Tiger and Dragon:
Die besten Aktien aus China!

Erfahren Sie im neuen Anlegermagazin, bei welchen chinesischen Aktien vielversprechende Zukunftsaussichten bestehen und warum.

Jetzt kostenlos Mitglied werden
Diese Seite empfehlenschliessen
Interessant, oder?
Teilen Sie diese Seite auf Facebook, Google+ oder Twitter
Aktuelle Umfrageschliessen
Air Berlin geht zum Großteil an Lufthansa. Haben Sie das erwartet?
Jetzt abstimmen!
Alle Umfragen ansehen