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:69Neutral
Price Target:
$13.00
▲(3.26% Upside)
Action:DowngradedDate:03/29/26
The score is driven primarily by solid financial quality (strong profitability/ROE and conservative leverage), supported by attractive valuation (low P/E and healthy dividend yield). These positives are tempered by weaker technical signals (price below key moving averages with negative MACD) and uneven cash-flow stability.
Positive Factors
Consistent strong ROE
Consistent ROE around 15–20% over multiple years signals durable profitability and disciplined capital deployment. Over a 2–6 month horizon this strength supports reinvestment, dividend capacity and gives the firm pricing flexibility in reinsurance markets, aiding long-term competitiveness.
Negative Factors
Revenue and earnings cyclicality
Material year-to-year swings (sharp 2022 revenue decline and other swings) reflect reinsurance cycle sensitivity. That cyclicality complicates forecasting, capital planning and reserve management, making earnings and dividend stability less predictable over multi-quarter horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent strong ROE
Consistent ROE around 15–20% over multiple years signals durable profitability and disciplined capital deployment. Over a 2–6 month horizon this strength supports reinvestment, dividend capacity and gives the firm pricing flexibility in reinsurance markets, aiding long-term competitiveness.
Read all positive factors
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR (MURGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$82.14B
Dividend Yield3.42%
Average Volume (3M)13.07K
Price to Earnings (P/E)12.4
Beta (1Y)0.32
Revenue Growth2.47%
EPS Growth15.00%
CountryUS
Employees44,224
SectorFinancial
Sector Strength70
IndustryInsurance - Reinsurance
Share Statistics
EPS (TTM)0.17
Shares Outstanding6,532,253,400
10 Day Avg. Volume0
30 Day Avg. Volume13,073
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)2.19
Price to Sales (P/S)1.09
P/FCF Ratio68.61
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue1.75
Enterprise Value/Gross Profit1.75
Enterprise Value/Ebitda9.16
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.17
Revenue Forecast (FY)$76.06B
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR Business Overview & Revenue Model
Company Description
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life...
How the Company Makes Money
Munich Re makes money mainly by underwriting risk and investing the premiums it receives. Its key revenue and earnings drivers typically include: (1) Reinsurance underwriting: The company enters reinsurance contracts with primary insurers, who pay...
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR Earnings Call Summary
Earnings Call Date:Nov 07, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 12, 2026
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.Positive Updates
Strong Group ROE
The group's Return on Equity (ROE) was 20% after 9 months, well above the target.
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.
Read all updates
Q3-2024 Updates
Positive
Negative
Strong Group ROE
The group's Return on Equity (ROE) was 20% after 9 months, well above the target.
Read all positive updates
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
Income Statement
78
Positive
Balance Sheet
81
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.90B | 66.57B | 42.31B | 39.68B | 39.71B | 64.46B |
| Gross Profit | 40.90B | 66.57B | 43.69B | 41.06B | 40.76B | 53.78B |
| EBITDA | 7.82B | 8.99B | 9.41B | 7.72B | 13.16B | 4.47B |
| Net Income | 5.09B | 5.88B | 5.68B | 4.61B | 5.31B | 2.93B |
Balance Sheet | ||||||
| Total Assets | 275.69B | 279.81B | 286.51B | 273.79B | 298.57B | 312.40B |
| Cash, Cash Equivalents and Short-Term Investments | 176.70B | 5.50B | 183.48B | 8.57B | 149.71B | 171.24B |
| Total Debt | 6.11B | 7.43B | 6.32B | 4.71B | 6.45B | 6.80B |
| Total Liabilities | 244.93B | 246.41B | 253.77B | 244.02B | 277.37B | 281.46B |
| Stockholders Equity | 30.58B | 33.23B | 32.64B | 29.65B | 27.09B | 30.83B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.06B | 2.83B | 2.20B | -18.32B | 5.23B |
| Operating Cash Flow | 0.00 | 1.22B | 3.14B | 2.54B | -7.64B | 5.23B |
| Investing Cash Flow | 0.00 | -1.40B | -505.00M | -329.00M | 11.35B | -3.82B |
| Financing Cash Flow | 0.00 | -3.67B | -2.23B | -2.98B | -2.70B | -1.68B |
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR Technical Analysis
Positive
12.59
Price Trends
12.39
Positive
12.52
Positive
12.71
Negative
Market Momentum
-0.05
Negative
55.99
Neutral
87.31
Negative
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 12.59 is above the 20-day moving average (MA) of 12.25, above the 50-day MA of 12.39, and below the 200-day MA of 12.71, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 55.99 is Neutral, neither overbought nor oversold. The STOCH value of 87.31 is Negative, 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $3.01B | 4.91 | 22.09% | ― | 22.79% | -5.17% | |
80 Outperform | $13.06B | 4.70 | 24.24% | 0.57% | -3.96% | -48.08% | |
75 Outperform | $2.60B | 5.55 | 20.87% | ― | 7.87% | -4.68% | |
73 Outperform | $13.45B | 11.38 | 9.48% | 1.76% | 2.10% | 19.23% | |
72 Outperform | $13.21B | 8.83 | 10.61% | 2.37% | 8.62% | -78.92% | |
69 Neutral | $82.14B | 12.39 | 18.94% | 3.42% | 2.47% | 15.00% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
MURGY
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft Unsponsored ADR
12.59
0.54
4.49%
EG
Everest Group
327.09
-1.85
-0.56%
RGA
Reinsurance Group
205.16
35.91
21.22%
RNR
Renaissancere Holdings
300.37
69.12
29.89%
SPNT
SiriusPoint
22.19
6.14
38.26%
HG
Hamilton Insurance Group, Ltd. Class B
30.33
12.35
68.69%
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.