Münchener Rückversicherungs-Gesellschaft in München Second Quarter 2024 Earnings: Revenues Beat Expectations

Simply Wall St

August 10, 2024

Münchener Rückversicherungs-Gesellschaft in München (ETR:MUV2) Second Quarter 2024 Results

Key Financial Results

Revenue: €15.4b (up 12% from 2Q 2023).
Net income: €1.62b (up 41% from 2Q 2023).
Profit margin: 11% (up from 8.4% in 2Q 2023). The increase in margin was driven by higher revenue.

earnings-and-revenue-growth — XTRA:MUV2 Earnings and Revenue Growth August 10th 2024

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

Münchener Rückversicherungs-Gesellschaft in München Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in Europe.

Performance of the market in Germany.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Münchener Rückversicherungs-Gesellschaft in München that you need to take into consideration.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.