Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) AI Stock Analysis

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Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR

(OTC:MURGY)

Rating:68Neutral

Price Target:

$14.50

▲(14.08% Upside)

Munchener Ruckversicherungs-Gesellschaft's overall stock score is driven by strong financial performance, particularly in profitability and balance sheet stability. The valuation is reasonable with an attractive dividend yield. Technical analysis shows mixed signals, with potential for a rebound due to oversold conditions. The absence of earnings call data and corporate events did not impact the score.

Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$82.90B

Dividend Yield3.56%

Average Volume (3M)30.10K

Price to Earnings (P/E)15.3

Beta (1Y)0.24

Revenue Growth3.35%

EPS GrowthN/A

CountryUS

Employees44,224

SectorFinancial

Sector Strength74

IndustryInsurance - Reinsurance

Share Statistics

EPS (TTM)0.37

Shares Outstanding6,532,253,400

10 Day Avg. Volume39,330

30 Day Avg. Volume30,101

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market Cap1.11

Enterprise Value/Revenue2.20

Enterprise Value/Gross Profit2.20

Enterprise Value/Ebitda19.98

Forecast

1Y Price Target

$14.50

Price Target Upside14.08% Upside

Rating ConsensusHold

Number of Analyst Covering0

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

Positive

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.

Balance Sheet

Positive

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.

Cash Flow

Positive

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.80B	41.36B	60.09B	68.45B	63.86B	58.64B
Gross Profit	41.80B	61.15B	64.73B	68.45B	63.86B	58.64B
EBITDA	4.60B	8.46B	-244.00M	4.30B	128.00M	1.54B
Net Income	4.64B	5.68B	4.61B	3.43B	2.93B	1.21B
Balance Sheet
Total Assets	282.62B	286.51B	273.79B	298.57B	312.40B	297.95B
Cash, Cash Equivalents and Short-Term Investments	5.49B	183.48B	8.57B	149.71B	171.24B	164.44B
Total Debt	6.32B	6.32B	4.71B	6.45B	6.80B	6.74B
Total Liabilities	249.31B	253.77B	244.02B	277.37B	281.46B	267.95B
Stockholders Equity	33.14B	32.64B	29.65B	21.06B	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

Technical Analysis Sentiment

Negative

Last Price12.71

Price Trends

50DMA

13.15

Negative

100DMA

13.05

Negative

200DMA

11.90

Positive

Market Momentum

MACD

-0.07

Positive

RSI

44.03

Neutral

STOCH

33.36

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MURGY, the sentiment is Negative. The current price of 12.71 is below the 20-day moving average (MA) of 13.18, below the 50-day MA of 13.15, and above the 200-day MA of 11.90, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 44.03 is Neutral, neither overbought nor oversold. The STOCH value of 33.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MURGY.

Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RNR	84 Outperform	$11.51B	6.26	18.75%	0.65%	23.19%	-22.42%
HG	82 Outperform	$2.32B	6.19	15.86%	―	28.86%	-11.22%
RGA	73 Outperform	$12.72B	16.63	7.07%	1.87%	1.53%	-10.27%
EG	72 Outperform	$14.21B	17.78	5.52%	2.36%	10.40%	-71.67%
Sector *	68 Neutral	$17.69B	11.82	10.30%	3.73%	9.66%	0.42%
MURGY	68 Neutral	$82.90B	15.26	16.14%	3.56%	3.35%	―
SPNT	65 Neutral	$2.14B	20.37	4.82%	―	-4.56%	-55.48%

* Financial Sector Average

Performance Comparison

MURGY

Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR

12.71

2.11

19.91%

Everest Group

338.72

-43.26

-11.33%

RGA

Reinsurance Group

192.47

-20.91

-9.80%

RNR

Renaissancere Holdings

244.59

-11.24

-4.39%

SPNT

SiriusPoint

18.29

3.28

21.85%

Hamilton Insurance Group, Ltd. Class B

23.36

3.66

18.58%

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.Date of analysis: Aug 22, 2025