Price over 300 euros – analysts are positive

Frankfurt Christoph Jurecka writes in a recent article on the LinkedIn platform that he normally refrains from commenting on the price development of Munich Re shares. But for this moment, the CFO of the world’s largest reinsurer makes an exception: On Tuesday, the paper climbed above the 300 euro mark for the first time in more than 20 years. Achieving this after so many years of hard work makes him grateful and proud to be part of the team, Jurecka said.

Munich Re shares have rallied strongly in recent months. In March, it was temporarily listed at just over 205 euros.

Analysts see one reason for catching up in the robustness of the business model, even in challenging times: High natural catastrophe losses – caused primarily by Hurricane Ian, which swept through the US state of Florida in September – will weigh heavily on reinsurers’ results this year. Munich Re is affected here with 1.6 billion euros.