The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

MUV2.DE

Concerning the House

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through six segments: Life and Health Reinsurance, Property-Casualty Reinsurance, Global Specialty Insurance, ERGO Life and Health Germany, ERGO Property-Casualty Germany, and ERGO International. The company offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, data analytics, underwriting and claims, medical research, capital management, and health market, as well as MIRA digital suite that includes MIRA PoS, MIRApply insured and physician, claims risk assessment, and CLARA plus. It also provides property and casualty reinsurance solutions, including agricultural reinsurance; business advisory, personal lines, portfolio management, insurance consulting, commercial motor consulting; infrastructure risk; property insurance, location risk, insurance linked securities, and NatCatSERVICE for natural catastrophe loss database; prospective structured and retroactive reinsurance; risk transfer; cyber; and data analytics, REALYTIX ZERO, and cert2go. In addition, the company offers solutions for industry clients, such as corporate risk, new tech, green tech, parametric, and aviation and space solutions, as well as risk services. Further, it provides specialty property casualty insurance, such as professional liability, marine, cyber, aviation, and space for commercial and private customers. Additionally, the company offers life, property-casualty, health, legal protection, and travel insurance products under the ERGO brand; and insurance solutions for agriculture, captive, epidemic, cyber, and renewable energy sectors. The company was founded in 1880 and is based in Munich, Germany.

Germany · www.munichre.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$16.39B$16.00B$16.48B$13.36B
Net income$1.09B$2.08B$2.00B$945.00M
Diluted EPS8.3415.9415.48
Quotation

$510.40

-4.40 (-0.9%)

52w hi$546.69
52w lo$439.00
Vol231.58K
As ofAug 13
The Verdict

Hold

Our score +0.10

Short-0.11
Medium+0.15
Long+0.40

computed 2026-08-13

By the Numbers

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Financial Services · Insurance - Reinsurance

Market cap$64.22B
Enterprise value$66.78B
Trailing P/E9.49x
Forward P/E9.88x
EV / EBITDA
P / S (ttm)1.04x
Profit margin11.2%
Return on equity21.3%
Revenue growth+1.3%
Earnings growth+9.8%
Debt / equity24.38
Risk Metrics
Beta vs SPX0.04
Corr SPX0.03
Annual vol23.0%
Annual ret+8.6%
Sharpe0.37
Max DD-29.1%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.33
Sector+0.09
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$514.20$517.60$508.60$510.40231.58K
Aug 12$514.60$515.60$510.00$514.80186.33K
Aug 11$516.00$517.40$509.40$514.60222.55K
Aug 10$516.00$517.20$508.00$517.20215.69K
Aug 7$500.00$517.20$495.00$515.40455.56K