0935 GMT - Munich Re's should boost its capital efficiency as it keeps posting strong quarterly profits, Jefferies says in a note after the German reinsurer posted second-quarter results. The only reason why the group didn't preannounce these results seems to be its solvency ratio, which was in line with consensus expectations, analysts Philip Kett and James Pearse write. "With a Solvency II ratio of 287% and earnings consistently surprising positively, we continue to believe that management must find a way to improve capital efficiency, probably via a combination of higher dividends, buybacks, and possibly acquisitions," Shares rise 0.5% to EUR437.5 and are up 17% year to date. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
August 08, 2024 05:36 ET (09:36 GMT)
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