Münchener Rück: Weak Q1, but €6 Billion Profit Target. The P/E Ratio is a Favorable 12.

In Q1 2025, Münchener Rück reported a net profit of €1.1 billion. This result was achieved despite significant large losses, particularly due to the devastating wildfires in Los Angeles. The combined ratios were consequently above the target value, both in the property and casualty reinsurance (83.9%) and in the Global Specialty Insurance segment (95.5%). Nevertheless, the solid result underscores the resilience of the group, supported by a strong life and health reinsurance business as well as good results in the ERGO segment. ...