Consensus

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Consensus

Munich Re and its economic performance are monitored by many banks. The consensus is based on the prognoses of about 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 2014 AY 2015 AY 2016
Gross premiums written in €bn
(Number of estimates 18)
49.6 50.2 51.5
Maximum 52.3 53.4 55.7
Minimum 47.0 48.0 48.3
Median 49.2 49.8 51.2
Combined ratio reinsurance property-casualty in %
(Number of estimates 26)
93.5 95.7 96.2
Maximum 95.2 98.0 99.7
Minimum 91.7 91.8 92.0
Median 93.5 96.0 96.1
Combined ratio primary insurance property-casualty in %
(Number of estimates 20)
95.8 95.4 95.3
Maximum 98.0 97.0 97.2
Minimum 94.5 93.5 93.0
Median 96.0 95.4 95.4
Operating result in €m
(Number of estimates 22)
4547 4263 4225
Maximum 4846 4944 5475
Minimum 3830 3664 3267
Median 4566 4232 4245
Consolidated result in €m
(Number of estimates 29)
3154 2824 2737
Maximum 3630 3206 3444
Minimum 2912 2374 1906
Median 3178 2828 2754
Earnings per share in €
(Number of estimates 33)
18.22 16.82 17.14
Maximum 21.10 18.70 21.00
Minimum 16.70 14.43 12.95
Median 18.22 16.90 17.06
Dividend per share in €
(Number of estimates 31)
7.47 7.72 7.95
Maximum 8.00 8.50 8.50
Minimum 7.25 7.25 7.25
Median 7.50 7.75 8.00
Shareholders‘ Equity in €bn
(Number of estimates 22)
28.1 28.8 29.0
Maximum 30.8 31.0 32.9
Minimum 26.0 24.5 23.6
Median 28.2 29.2 29.2
   
Price target in €
(Number of estimates 36)
161.6
Maximum 195.0
Minimum 140.0
Median 160.0
Share price at 26.01.2015, 09:07:18 (XETRA) in € 176.20
Current upside/downside vs. average target price in % -8.29

Status: 21.01.2015


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