Muenchener Rueckversicherungs AG (MUV2)

Index:

Xetra DAX

  470.20
   
  • Change Today:
     -4.60
  • 52 Week High:  510.60
  • 52 Week Low:  370.50
  • Currency: Euro
  • Shares Issued: 134.60m
  • Volume: 268,118
  • Market Cap:  63,289m

Fundamentals - based on IFRS

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 57,884.00 55,385.00 59,567.00 53,788.00 50,873.00
Operating Profit/(Loss) 5,702.00 6,812.00 3,517.00 2,834.00 4,542.00
Profit Before Tax 5,533.00 6,633.00 3,484.00 1,480.00 3,190.00
Profit After Tax 4,597.00 5,309.00 2,932.00 1,211.00 2,707.00
           
Earnings per Share - Basic 3,388.00¢ 3,812.00¢ 2,093.00¢ 863.00¢ 1,897.00¢
Earnings per Share - Adjusted 3,388.00¢ 3,812.00¢ 2,093.00¢ 863.00¢ 1,897.00¢
           
Dividend per Share 1,500.00¢ 1,160.00¢ 1,100.00¢ 980.00¢ 980.00¢
    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 511.00 547.00 7,029.00 6,539.00 5,989.00
Intangible Assets 4,084.00 4,284.00 3,092.00 4,005.00 4,180.00
Other Non-Current Assets n/a n/a n/a n/a n/a
  4,595.00 4,831.00 10,121.00 10,544.00 10,169.00
Current Assets          
Inventories n/a n/a n/a n/a n/a
Cash at Bank & in Hand 5,595.00 6,439.00 5,413.00 5,615.00 4,994.00
Other Current Assets n/a n/a n/a n/a n/a
  5,595.00 6,439.00 5,413.00 5,615.00 4,994.00
           
Other Assets 263,603.00 258,121.00 296,871.00 281,787.00 272,390.00
Total Assets 273,793.00 269,391.00 312,405.00 297,946.00 287,553.00
Current Liabilities          
Borrowings n/a n/a 293.00 n/a n/a
Other Current Liabilities 2,657.00 1,569.00 n/a n/a n/a
           
Current Liabilities 2,657.00 1,569.00 293.00 n/a n/a
           
Net Current Assets c2,938.00 c4,870.00 c5,120.00 c5,615.00 c4,994.00
           
Borrowings 4,713.00 4,748.00 5,055.00 5,320.00 4,136.00
Other Non-Current Liabilities n/a n/a n/a n/a n/a
Non-Current Liabilities 4,713.00 4,748.00 5,055.00 5,320.00 4,136.00
           
Other Liabilities 236,651.00 235,829.00 299,625.00 262,632.00 252,841.00
Total Liabilities 244,021.00 242,146.00 304,973.00 267,952.00 256,977.00
           
Net Assets 29,772.00 27,245.00 7,432.00 29,994.00 30,576.00
           
Shareholders Funds 29,772.00 27,245.00 7,432.00 29,994.00 30,576.00
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 29,772.00 27,245.00 7,432.00 29,994.00 30,576.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 2,543.00 3,972.00 5,226.00 7,219.00 9,493.00
Net Cash Flow from Investing Activities (329.00) (270.00) (3,818.00) (6,134.00) (6,919.00)
Net Cash Flow from Financing Activities (2,983.00) (2,702.00) (2,702.00) (323.00) (2,496.00)
Net Increase/Decrease In Cash (769.00) 1,000.00 (1,294.00) 762.00 78.00
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 11.1 8.0 12.4 28.1 13.9
PEG - Adjusted n/a 0.1 0.1 n/a 0.6
Earnings per Share Growth - Adjusted -11% 82% 142% -54% 22%
Dividend Cover 2.26 3.29 1.90 0.88 1.94
Revenue per Share 43,004.46¢ 41,147.85¢ 446.71¢ 39,961.37¢ 37,795.69¢
Pre-Tax Profit per Share 4,110.70¢ 4,927.94¢ 26.13¢ 1,099.55¢ 2,369.99¢
Operating Margin 9.85% 12.30% 5.90% 5.27% 8.93%
Return on Capital Employed 18.20% 23.94% 0.36% 4.73% 10.45%
           
Dividend Yield 4.0% 3.8% 4.2% 4.0% 3.7%
Dividend per Share Growth 29.31% 5.45% 12.24% n/a 5.95%
Operating Cash Flow per Share 1,889.30¢ 2,950.97¢ 3,882.61¢ 5,363.30¢ 7,052.75¢
Cash Incr/Decr per Share (571.32¢) 742.94¢ (9.70¢) 566.12¢ 57.95¢
Net Asset Value per Share (exc. Intangibles) 19,084.69¢ 17,058.69¢ 3,224.37¢ 19,308.32¢ 19,610.70¢
Net Gearing -2.96% -6.21% -0.87% -0.98% -2.81%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Forecast figures based on normalised accounts.

 

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