Münchener Rückversicherungs-Gesellschaft in München Full Year 2023 Earnings: EPS: €33.87 (vs €38.12 in FY 2022)

Münchener Rückversicherungs-Gesellschaft in München (ETR:MUV2) Full Year 2023 Results

Key Financial Results

• Revenue: €58.6b (up 4.0% from FY 2022).
• Net income: €4.61b (down 13% from FY 2022).
• Profit margin: 7.9% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €33.87 (down from €38.12 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Münchener Rückversicherungs-Gesellschaft in München Earnings Insights

The primary driver behind last 12 months revenue was the Reinsurance - Property-Casualty segment contributing a total revenue of €26.8b (46% of total revenue). Notably, cost of sales worth €41.5b amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €8.62b (69% of total expenses). Explore how MUV2's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Insurance industry in Germany.

Performance of the German Insurance industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Münchener Rückversicherungs-Gesellschaft in München that you need to be mindful of.

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