Munchener Ruckversicherungs-Gesellschaft AG (OTCPK:MURGF)
$ 525.83 9.265 (1.79%) Market Cap: 69.83 Bil Enterprise Value: 69.50 Bil PE Ratio: 11.59 PB Ratio: 2.11 GF Score: 81/100
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Q3 2023 Muenchener Rueckversicherungs Gesellschaft in Muenchen AG Earnings Call Transcript

Nov 08, 2023 / 10:00AM GMT
Release Date Price: $398.3 (+0.50%)
Christian Becker;Hussong
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München - Head of Investor & Rating Agency Relations

A warm welcome to everyone to our Q3 earnings call. Thanks a lot for joining. Procedure very straightforward. Today, as always, today's speaker is Christoph Jurecka, our CFO. And I'll hand over to him in a second and afterwards, we can go right into Q&A. Christoph, please?

Christoph Jurecka
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München - CFO & Member of Management Board

Thank you, Christian. Good morning, everybody, also from my side. Great pleasure to have the opportunity to talk to you about our Q3 earnings, in particular, given how excellent these earnings are. We have almost met our earnings target for the full year already after 9 months, which reflects a consistently strong underlying profitability across all our segments.

After 9 months, the ROE amounts to 16.5%. And this is already slightly above the upper end of our 2025 ambition target range.

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