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Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY)
OTHER OTC:MURGY
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Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR
(OTC:MURGY)
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Rating:68Neutral
Price Target:
$14.50
▲(11.28% Upside)
Munchener Ruckversicherungs-Gesellschaft's overall stock score is driven by strong financial performance, particularly in profitability and balance sheet stability. However, technical indicators suggest potential short-term weakness, and valuation metrics indicate a fair valuation with an attractive dividend yield. The absence of earnings call data and corporate events limits further insights.
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$85.17B
Dividend Yield3.48%
Average Volume (3M)8.88K
Price to Earnings (P/E)15.4
Beta (1Y)0.23
Revenue Growth2.98%
EPS Growth-10.66%
CountryUS
Employees44,224
SectorFinancial
Sector Strength70
IndustryInsurance - Reinsurance
Share Statistics
EPS (TTM)0.37
Shares Outstanding6,532,253,400
10 Day Avg. Volume26,655
30 Day Avg. Volume8,885
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.40
Price to Sales (P/S)0.21
P/FCF Ratio4.56
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue1.43
Enterprise Value/Gross Profit2.27
Enterprise Value/Ebitda12.50
Forecast
1Y Price Target
$14.50Price Target Upside11.28% Upside
Rating ConsensusHold
Number of Analyst Covering1
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR Business Overview & Revenue Model
Company DescriptionMunchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) is a leading global reinsurance company based in Munich, Germany. It operates primarily in the reinsurance sector, providing tailored solutions across various lines of business, including property and casualty, life, and health reinsurance. The company serves a diverse client base that includes insurance companies and other financial institutions, leveraging its extensive expertise and innovative risk management strategies to deliver value-added services.
How the Company Makes MoneyMURGY generates revenue primarily through the underwriting of reinsurance contracts. The company earns premiums from insurers who seek to transfer risk through reinsurance agreements. These premiums are a significant revenue stream, as they allow MURGY to take on portions of the risk associated with various insurance policies. Additionally, the company invests the collected premiums in a diversified portfolio of assets, which generates investment income. Key partnerships with global insurance companies enhance its market position and revenue potential by expanding its client base and allowing for cross-border reinsurance solutions. Moreover, MURGY benefits from economies of scale and a strong financial foundation, which contribute to its ability to offer competitive pricing and attract clients.
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR Earnings Call Summary
Earnings Call Date:Aug 08, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 11, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong overall performance with significant ROE and investment results. Life reinsurance showed exceptional results, and the Solvency II ratio improved. However, natural catastrophes and specific challenges in international segments like ERGO and Spanish health business impacted results. Overall, positive developments slightly outweigh the challenges.Q3-2024 Updates
Positive Updates
Strong Group ROE
The group's Return on Equity (ROE) was 20% after 9 months, well above the target.
Life Reinsurance Success
Life & Health reinsurance surpassed initial full year guidance by almost EUR 200 million after 9 months.
Positive Investment Return
Munich Re posted a Return on Investment (ROI) of 3.6% for Q3, supported by rising stock markets and lower bond yields.
Solvency II Ratio Improvement
The Solvency II ratio slightly increased to 292% in Q3, driven by good operating performance.
Increased Full Year Profit Guidance
Munich Re expects net profit to exceed the full year target of EUR 5 billion, driven by higher earnings in reinsurance.
Negative Updates
Impact of Natural Catastrophes
The net result of EUR 930 million in Q3 was impacted by above-average major losses from natural catastrophes.
Elevated Combined Ratio in P&C Reinsurance
The combined ratio in Property Casualty reinsurance was 90.5% in Q3, elevated due to above-average major claims.
ERGO International Losses
ERGO International was affected by major losses related to Storm Boris, impacting the total technical result by minus EUR 52 million.
Spanish Health Business Challenges
Unfavorable claims development in the Spanish health business led to an elevated combined ratio of 96.1%.
Company Guidance
During the Q3 2024 earnings call, Munich Re provided detailed guidance on its financial performance and outlook. The company achieved a net result of EUR 930 million for the quarter, impacted by significant natural catastrophe losses. Despite this, the group maintained strong overall profitability with a 20% ROE over nine months. The investment return was robust, with an ROI of 3.6% in Q3, supported by positive fair value changes. The life and health reinsurance segment exceeded initial full-year guidance by nearly EUR 200 million, while the property and casualty reinsurance segment reported a normalized combined ratio of 80.4% after nine months, better than the 82% guidance. ERGO's net result was EUR 164 million, with the international segment affected by Storm Boris. The Solvency II ratio slightly increased to 292%, reflecting a strong economic position. Looking ahead, Munich Re expects higher revenues and net profit for the full year, with combined ratio targets adjusted due to various factors, including Hurricane Milton's expected lower impact compared to Helene. The company remains committed to maintaining a prudent reserve strategy and optimizing capital returns.Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR Financial Statement Overview
Summary
Munchener Ruckversicherungs-Gesellschaft exhibits strong profitability and a stable balance sheet with low leverage, allowing for strategic flexibility. The income statement shows profitability improvements, but with inconsistent revenue growth, suggesting potential market challenges. Cash flow statements indicate strong operational cash generation but highlight volatility in free cash flow growth due to fluctuating investments and income. The company is financially sound, with opportunities to stabilize revenue streams and enhance cash flow predictability.Income Statement
The company has shown a stable gross profit margin over the years, with a noticeable net profit margin improvement to 13.75% in 2024. However, the revenue has been volatile, declining significantly from 2022 to 2023, but stabilizing in 2024. The EBIT margin was weak due to zero EBIT reported in 2024, but the EBITDA margin improved to 20.46% due to cost restructuring. Overall, profitability is strong, but revenue consistency needs attention.75
Positive
Balance Sheet
The balance sheet displays strong equity, with an equity ratio of 11.39% in 2024, indicating solid financial footing. The debt-to-equity ratio is low at 0.19, showcasing minimal leverage risk. Return on equity increased to 17.41% in 2024, reflecting effective use of equity to generate profits. The company's balance sheet reflects stability and low risk, with effective capital management.80
Positive
Cash Flow
Operating cash flow has been positive, reflecting good cash generation from core activities, but there was a decline in 2024 compared to previous years. Free cash flow improved in 2024, indicating efficient capital expenditure management. However, the free cash flow growth rate is volatile due to fluctuating net income and capital expenditures. Overall, cash flow management is solid, but there are fluctuations in free cash flow growth.70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.94B | 61.15B | 57.82B | 56.37B | 63.48B | 58.64B |
| Gross Profit | 40.41B | 61.15B | 41.27B | 56.37B | 63.48B | 58.95B |
| EBITDA | 7.33B | 8.46B | -244.00M | 13.16B | 4.47B | 1.54B |
| Net Income | 5.09B | 5.68B | 4.61B | 5.31B | 2.93B | 1.21B |
Balance Sheet | ||||||
| Total Assets | 275.69B | 286.51B | 273.79B | 298.57B | 312.40B | 297.95B |
| Cash, Cash Equivalents and Short-Term Investments | 176.70B | 183.48B | 8.57B | 149.71B | 171.24B | 164.44B |
| Total Debt | 6.11B | 6.32B | 4.71B | 6.45B | 6.80B | 6.74B |
| Total Liabilities | 244.93B | 253.77B | 244.02B | 277.37B | 281.46B | 267.95B |
| Stockholders Equity | 30.58B | 32.64B | 29.65B | 27.09B | 30.83B | 29.89B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.83B | 2.20B | -18.32B | 5.23B | 7.22B |
| Operating Cash Flow | 0.00 | 3.14B | 2.54B | -7.64B | 5.23B | 7.22B |
| Investing Cash Flow | 0.00 | -505.00M | -329.00M | 11.35B | -3.82B | -6.13B |
| Financing Cash Flow | 0.00 | -2.23B | -2.98B | -2.70B | -1.68B | -323.00M |
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR Technical Analysis
Positive
13.03
Price Trends
12.80
Positive
12.95
Positive
12.32
Positive
Market Momentum
0.15
Negative
58.05
Neutral
52.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MURGY, the sentiment is Positive. The current price of 13.03 is above the 20-day moving average (MA) of 12.69, above the 50-day MA of 12.80, and above the 200-day MA of 12.32, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 58.05 is Neutral, neither overbought nor oversold. The STOCH value of 52.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MURGY.
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $12.26B | 6.64 | 18.75% | 0.61% | 23.19% | -22.42% | |
82 Outperform | $2.38B | 6.33 | 15.86% | ― | 28.86% | -11.22% | |
74 Outperform | $14.54B | 18.06 | 5.52% | 2.28% | 10.40% | -71.67% | |
68 Neutral | $85.17B | 15.42 | 16.27% | 3.48% | 2.98% | -10.66% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
68 Neutral | $12.69B | 16.70 | 7.07% | 1.85% | 1.53% | -10.27% | |
66 Neutral | $2.15B | 20.94 | 4.82% | ― | -4.56% | -55.48% |
* Financial Sector Average
MURGY
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR
13.03
2.11
19.32%
EG
Everest Group
351.02
-28.62
-7.54%
RGA
Reinsurance Group
194.50
-18.47
-8.67%
RNR
Renaissancere Holdings
262.03
-10.90
-3.99%
SPNT
SiriusPoint
18.81
5.29
39.13%
HG
Hamilton Insurance Group, Ltd. Class B
23.95
5.39
29.04%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.