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Munich Re and its economic performance are monitored by many banks. The consensus is based on the prognoses of more than 30 analysts and therefore includes all estimates available to us. However, for single indicators and different years, the number of estimates can be lower and deviate significantly.

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.

Status: 14.05.2018

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