Munchener Ruckversicherungs-Gesellschaft AG (XBRU:MEURV)
€ 379.4 10.5 (2.85%) Market Cap: 50.25 Bil Enterprise Value: 49.09 Bil PE Ratio: 11.58 PB Ratio: 2.11 GF Score: 74/100
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Q1 2019 Muenchener Rueckversicherungs Gesellschaft AG in Muenchen Earnings Call Transcript

May 08, 2019 / 09:00AM GMT
Release Date Price: €209.7 (-1.64%)
Christian Becker;Hussong
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft - Head of Investor & Rating Agency Relations

Good morning, everyone. Thanks for joining us for our call on the Q1 Earnings. I have the pleasure to be here with our CFO, Christoph Jurecka. And in just a few seconds after my short introduction, I will hand it over to him, and he will give you just a short overview and a few messages on our Q1 result before we will then go right into Q&A.

Christoph, please go ahead.

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

Well, thank you, Christian.

It's a pleasure for me to present our Q1 results today. And as Christian has said, I will start with some introductory remarks.

With EUR 633 million in net earnings in Q1, Munich Re had a good start to the year. This good result is based on a solid underlying business performance and an investment result which is largely in line with our expectations, also helped by

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