Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

BUL:MUV2 Stock Report

Market Cap: €46.4b

Münchener Rückversicherungs-Gesellschaft in München Past Earnings Performance

Past criteria checks 3/6

Münchener Rückversicherungs-Gesellschaft in München has been growing earnings at an average annual rate of 13.2%, while the Insurance industry saw earnings growing at 4.4% annually. Revenues have been growing at an average rate of 5.4% per year. Münchener Rückversicherungs-Gesellschaft in München's return on equity is 11.4%, and it has net margins of 4.7%.

Key information

13.2%

Earnings growth rate

14.7%

EPS growth rate

Insurance Industry Growth7.6%
Revenue growth rate5.4%
Return on equity11.4%
Net Margin4.7%
Next Earnings Update10 Aug 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Münchener Rückversicherungs-Gesellschaft in München makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

BUL:MUV2 Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2368,5753,23215,9070
31 Dec 2267,3713,43215,9070
30 Sep 2265,0022,77415,2680
30 Jun 2263,9562,61214,7690
31 Mar 2264,2392,94714,2030
31 Dec 2163,4772,93313,6740
30 Sep 2162,9622,27113,1380
30 Jun 2161,5132,10812,8730
31 Mar 2160,4131,58212,7290
31 Dec 2058,9551,21112,8150
30 Sep 2057,9661,22013,0760
30 Jun 2057,9181,90213,1210
31 Mar 2057,0202,31413,1880
31 Dec 1957,5232,72413,0560
30 Sep 1955,5992,76412,8830
30 Jun 1953,9332,38512,8000
31 Mar 1952,6232,11712,5630
31 Dec 1851,7112,31012,5870
30 Sep 1853,1392,58412,4430
30 Jun 1853,59564112,2180
31 Mar 1854,46164612,2590
31 Dec 1755,85637512,1860
30 Sep 1755,41833612,1850
30 Jun 1755,8772,45912,2730
31 Mar 1757,1172,70412,3270
31 Dec 1655,6562,58012,2950
30 Sep 1655,6562,81712,3620
30 Jun 1655,1282,65212,2800
31 Mar 1655,4462,74712,2880
31 Dec 1556,6683,10712,3670
30 Sep 1555,7643,10412,4040
30 Jun 1555,3843,31712,3790
31 Mar 1554,3493,00612,3410
31 Dec 1453,7663,15211,9510
30 Sep 1453,0153,61211,7090
30 Jun 1454,4083,51011,5020
31 Mar 1454,8283,27711,9020
31 Dec 1355,3853,30412,3640
30 Sep 1358,3832,58912,4800
30 Jun 1359,1363,08812,9770
31 Mar 1359,1683,37112,5040
31 Dec 1259,7503,18812,5620
30 Sep 1259,7193,3456580
30 Jun 1257,9802,5014320

Quality Earnings: MUV2 has high quality earnings.

Growing Profit Margin: MUV2's current net profit margins (4.7%) are higher than last year (4.6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MUV2's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: MUV2's earnings growth over the past year (9.7%) is below its 5-year average (13.2% per year).

Earnings vs Industry: MUV2 earnings growth over the past year (9.7%) did not outperform the Insurance industry 18.6%.


Return on Equity

High ROE: MUV2's Return on Equity (11.4%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/05/24 10:33
End of Day Share Price 2023/02/24 00:00
Earnings2023/03/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München is covered by 56 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maria del Paz Ojeda FernandezAhorro Corporación
Dieter HeinAlphaValue
Christian WeizBaader Helvea Equity Research