DGAP-Adhoc: Munich Re posts quarterly result of approx. €200m

2020. október 20., kedd, 15:37

DGAP-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Quarter Results

Munich Re posts quarterly result of approx. €200m

20-Oct-2020 / 15:37 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Munich Re posts quarterly result of approx. €200m

In the third quarter, Munich Re registered COVID-19-related losses totalling about €800m in reinsurance. The losses were attributable to various business lines, such as insurance for major events and other property-casualty lines, and the life and health business.

As a result of high losses from natural disasters - particularly several severe hurricanes and wildfires in the United States - and man-made losses, the largest of which was the explosion in Beirut"s port, Munich Re also registered what was an above-average claims burden from "non-COVID-19 major losses" for a single quarter.

Subject to the outcome of the ongoing quarterly closing, Munich Re anticipates - given the good performance once again at ERGO - a profit of about €200m (Q3 2019: €865m) for the third quarter of 2020.

Munich Re will publish detailed information on its quarterly figures as scheduled on 5 November 2020.


Dr. Fabian Jürgens

General Counsel & Group Chief Compliance Officer

20-Oct-2020 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

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: 1141968

End of Announcement DGAP News Service

1141968  20-Oct-2020 CET/CEST

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