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Combined Ratio % is a profitability metric of an insurance company to measure its performance in daily operations. It measures the money flowing out of an insurance company in the form of dividends, expenses, and losses.
XSWX:MUV2's Combined Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Combined Ratio % only.
Munchener Ruckversicherungs-Gesellschaft AG (XSWX:MUV2) Combined Ratio % Explanation
Combined Ratio % measures the money flowing out of an insurance company in the form of dividends, expenses and losses. A ratio below 100 percent suggests that the company is making an underwriting profit, while a ratio above 100 percent means that it paid more in the claim than it received. However, a ratio above 100 percent does not necessarily mean the company is losing money because the investment income is not included in the calculation.
Compared to Claims Ratio % and Expense Ratio %, the combined ratio is most important because it provides a comprehensive measure of an insurer's profitability.
Munchener Ruckversicherungs-Gesellschaft AG Combined Ratio % Related Terms
Munchener Ruckversicherungs-Gesellschaft AG Combined Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Munchener Ruckversicherungs-Gesellschaft AG Combined Ratio % Chart
Munchener Ruckversicherungs-Gesellschaft AG (XSWX:MUV2) Combined Ratio % Calculation
Combined Ratio % is calculated as:
Combined Ratio %
=
( Incurred Losses
+
Expenses )
/
Earned Premium
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frequently Asked Questions
What does a Combined Ratio % of 0.00% mean?
Munchener Ruckversicherungs-Gesellschaft AG (XSWX:MUV2) has a Combined Ratio % of 0.00% as of . 20. Combined Ratio measures the money flowing out of an insurance company in the form of dividends, expenses, and losses. View historical data on Munchener Ruckversicherungs-Gesellschaft AG and its competitors.
Is Munchener Ruckversicherungs-Gesellschaft AG's Combined Ratio % too high?
Munchener Ruckversicherungs-Gesellschaft AG's current Combined Ratio % is 0.00%. Overall, Munchener Ruckversicherungs-Gesellschaft AG has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Munchener Ruckversicherungs-Gesellschaft AG's Combined Ratio % compare to RGA and EG?
Munchener Ruckversicherungs-Gesellschaft AG's Combined Ratio % of 0.00% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Combined Ratio % for an Insurance company?
A good Combined Ratio % depends on the Insurance industry context. However, Combined Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Combined Ratio % mean?
A high Combined Ratio % can signal that a stock is expensive relative to its fundamentals. Combined Ratio measures the money flowing out of an insurance company in the form of dividends, expenses, and losses. View historical data on Munchener Ruckversicherungs-Gesellschaft AG and its competitors. Munchener Ruckversicherungs-Gesellschaft AG's current Combined Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munchener Ruckversicherungs-Gesellschaft AG stock overvalued right now?
Based on GuruFocus' analysis, Munchener Ruckversicherungs-Gesellschaft AG (XSWX:MUV2) is currently considered Fairly Valued. The stock's GF Value™ is CHF518.80, compared to a current price of CHF481.10 — trading 7.3% below its estimated fair value. The current Combined Ratio % is 0.00%. Munchener Ruckversicherungs-Gesellschaft AG's overall GF Score™ is 76/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Combined Ratio % calculated?
Combined Ratio % is calculated from a company's financial statements. For Munchener Ruckversicherungs-Gesellschaft AG (XSWX:MUV2), the current Combined Ratio % is 0.00% as of . 20. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Munchener Ruckversicherungs-Gesellschaft AG (XSWX:MUV2) Overvalued in 2026?
Based on GuruFocus' analysis, Munchener Ruckversicherungs-Gesellschaft AG stock appears to be undervalued.
The current stock price of CHF481.10 is trading 7.3% below its estimated GF Value™ of CHF518.80.
GuruFocus considers Munchener Ruckversicherungs-Gesellschaft AG to be Fairly Valued.
Key valuation signals for XSWX:MUV2:
Combined Ratio %: 0.00%
GF Value™: CHF518.80 vs. price of CHF481.10 (7.3% below fair value)
No single metric tells the full story. See the XSWX:MUV2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Munich Re was founded in 1880 by Carl Thieme amid a flurry of other reinsurance companies set up independent of primaries. In those early days, most reinsurers typically focused on a few strong customers. Thieme focused on a broader set of cedents to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich Re introduced the first machinery insurance. After Thieme and Wilhelm von Fink founded Allianz, this was the main channel to sell machinery insurance. We believe the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection and insurance services, remains at the heart of the firm.
76GF Score
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