Consensus
Munich Re and its economic performance are monitored by many banks. The consensus is based on the prognoses of more than 40 financial analysts and therefore includes all estimates available to us.
We wish to point out that the analysts' assessments are subjective and do not reflect Munich Re's opinion. All prognoses and estimates regarding individual financial indicators and general performance represent the views of the analysts alone.
By merely making available the consensus figures and recommendations, Munich Re does not imply its endorsement of or concurrence with them. Munich Re does not assume any liability for the estimates' accuracy and does not undertake to update or revise them. The information given thus does not constitute an invitation to purchase or sell securities.
| Estimates |
AY 2011 |
AY 2012 |
AY 2013 |
Gross premiums written in €bn
(Number of estimates: 21) |
48.0 |
50.0 |
51.6 |
| Maximum |
50.0 |
52.8 |
55.7 |
| Minimum |
42.7 |
44.6 |
45.4 |
| Median |
49.2 |
51.1 |
52.8 |
Combined ratio reinsurance property-casualty in %
(Number of estimates: 19) |
114.1 |
96.7 |
96.4 |
| Maximum |
116.4 |
102.2 |
98.7 |
| Minimum |
111.7 |
93.2 |
93.1 |
| Median |
114.0 |
96.1 |
96.3 |
Combined ratio primary insurance property-casualty in %
(Number of estimates: 15) |
96.5 |
95.4 |
95.4 |
| Maximum |
98.0 |
99.1 |
101.7 |
| Minimum |
95.4 |
94.0 |
93.3 |
| Median |
96.4 |
95.1 |
95.0 |
Operating result in €m
(Number of estimates: 21) |
1315 |
4278 |
4517 |
| Maximum |
2205 |
5133 |
5356 |
| Minimum |
694 |
3536 |
3931 |
| Median |
1239 |
4246 |
4448 |
Consolidated result in €m
(Number of estimates: 29) |
603 |
2467 |
2584 |
| Maximum |
998 |
2805 |
2956 |
| Minimum |
284 |
2011 |
1996 |
| Median |
586 |
2455 |
2594 |
Earnings per share in €
(Number of estimates: 33) |
3.34 |
13.74 |
14.45 |
| Maximum |
5.58 |
15.64 |
16.69 |
| Minimum |
1.58 |
11.20 |
11.10 |
| Median |
3.30 |
13.69 |
14.50 |
Dividend per share in €
(Number of estimates: 31) |
6.19 |
6.46 |
6.77 |
| Maximum |
6.50 |
7.19 |
7.91 |
| Minimum |
4.00 |
5.81 |
6.25 |
| Median |
6.25 |
6.50 |
6.75 |
Shareholders‘ Equity in €bn
(Number of estimates: 22) |
22.5 |
23.5 |
24.4 |
| Maximum |
24.0 |
25.5 |
26.2 |
| Minimum |
21.3 |
21.5 |
21.5 |
| Median |
22.5 |
23.6 |
24.8 |
| |
|
Price target in €
(Number of estimates: 40)
|
114.4 |
| Maximum |
146.0 |
| Minimum |
95.0 |
| Median |
110.0 |
| Share price at 08.02.2012, 09:41:49 (Xetra) in € |
108.50 |
| Current upside/downside vs. average target price in % |
5.44 |
|
|
Status: 27.01.2012
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