MURGF (Munchener Ruckversicherungs-Gesellschaft AG) Policy Acquisition Expense : $0 Mil (As of Sep. 2024)

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What is Munchener Ruckversicherungs-Gesellschaft AG Policy Acquisition Expense?

Policy acquisition expense is the expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc. Munchener Ruckversicherungs-Gesellschaft AG's policy acquisition expense for the three months ended in Sep. 2024 was $0 Mil. Its policy acquisition expense for the trailing twelve months (TTM) ended in Sep. 2024 was $0 Mil.

Munchener Ruckversicherungs-Gesellschaft AG Policy Acquisition Expense Historical Data

The historical data trend for Munchener Ruckversicherungs-Gesellschaft AG's Policy Acquisition Expense can be seen below:

* 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.

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Munchener Ruckversicherungs-Gesellschaft AG Policy Acquisition Expense Chart

Munchener Ruckversicherungs-Gesellschaft AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Policy Acquisition Expense

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11,026.67

12,133.82

12,059.89

13,250.00

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Policy Acquisition Expense	Get a 7-Day Free Trial															-	-	-	-	-

Munchener Ruckversicherungs-Gesellschaft AG Policy Acquisition Expense Calculation

Expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc.

Policy Acquisition Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Munchener Ruckversicherungs-Gesellschaft AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Munchener Ruckversicherungs-Gesellschaft AG (OTCPK:MURGF) » Definitions » Policy Acquisition Expense

Comparable Companies

Traded in Other Exchanges

MURGY:USA MUV2:Mexico 1MUV2:Italy MUV2d:UK 0KFE:UK MUV2:Germany

Address

Koniginstrasse 107, Munich, BY, DEU, 80802

Website

https://www.munichre.com

Munich Re was founded in 1880 by Carl von Thieme amid a flurry of other reinsurance companies set up independent of primaries. Then, most reinsurers typically focused on a few customers with strong reputations. Thieme focused on a broader set of cedents in order 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 introduced the first machinery insurance. After von Thieme and Wilhelm von Finck founded Allianz, this was the main channel to sell insurance on machinery. We think 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.

Executives

Michael Kerner

Board of Directors