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

| Quelle: Dow Jones Newswire Web | Lesedauer etwa 2 min. | Text vorlesen Stop Pause Fortsetzen
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



(END) Dow Jones Newswires

September 13, 2017 15:10 ET ( 19:10 GMT)
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