logo
Plus   Neg
Share
Email

Munich Re Q4 Result Down; Proposes Higher Dividend

Munich Re (0KFE.L) reported that its fourth-quarter preliminary result attributable to equity holders declined to 255 million euros from 530 million euros last year.

Operating result was 404 million euros, down from 864 million euros in the previous year.

Gross premiums written declined to 11.96 billion euros from 12.11 billion euros last year.

Subject to approval by the Supervisory Board and Annual General Meeting, the dividend will rise to 9.25 euros per share.

Munich Re said it still aims to cautiously set the amount of provisions for newly emerging claims within the scope of existing estimation ranges, so that profits from the release of a portion of these reserves are possible at a later stage.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT