DGAP-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Quarter Results Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re achieves quarterly result of around EUR600m 20-Apr-2021 / 11:37 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. =---------------------------------------------------------------------------------------------------------------------- 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 EUR600m in the first quarter of the year (consensus of EUR466m*, Q1 2020: EUR221m) 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: 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 EQS News ID: 1186664 End of Announcement DGAP News Service =------------
1186664 20-Apr-2021 CET/CEST
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(END) Dow Jones Newswires
April 20, 2021 05:39 ET (09:39 GMT)