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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Munchener Ruckversicherungs-Gesellschaft AG's selling, general, & admin. expense for the
three
months ended in Jun. 2026 was Ft842,680 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was Ft3,464,064 Mil.
Munchener Ruckversicherungs-Gesellschaft AG (BUD:MUNICHRE) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Munchener Ruckversicherungs-Gesellschaft AG Selling, General, & Admin. Expense Related Terms
Munchener Ruckversicherungs-Gesellschaft AG Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart
Munchener Ruckversicherungs-Gesellschaft AG Annual Data
BUD:MUNICHRE vs RGA, EG, RNR: Selling, General, & Admin. Expense Comparison
For the Insurance - Reinsurance subindustry, Munchener Ruckversicherungs-Gesellschaft AG's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Munchener Ruckversicherungs-Gesellschaft AG Selling, General, & Admin. Expense vs Insurance Industry
For the Insurance industry and Financial Services sector, Munchener Ruckversicherungs-Gesellschaft AG's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Munchener Ruckversicherungs-Gesellschaft AG's Selling, General, & Admin. Expense falls into.
Munchener Ruckversicherungs-Gesellschaft AG Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Ft3,464,064 Mil.
* 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.
What does a Selling, General, & Admin. Expense of Ft3,464,064 Mil mean?
Munchener Ruckversicherungs-Gesellschaft AG (BUD:MUNICHRE) has a Selling, General, & Admin. Expense of Ft3,464,064 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Munchener Ruckversicherungs-Gesellschaft AG and its competitors.
Is Munchener Ruckversicherungs-Gesellschaft AG's Selling, General, & Admin. Expense too high?
Munchener Ruckversicherungs-Gesellschaft AG's current Selling, General, & Admin. Expense is Ft3,464,064 Mil. Overall, Munchener Ruckversicherungs-Gesellschaft AG has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Munchener Ruckversicherungs-Gesellschaft AG's Selling, General, & Admin. Expense compare to RGA and EG?
Munchener Ruckversicherungs-Gesellschaft AG's Selling, General, & Admin. Expense of Ft3,464,064 Mil 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 Selling, General, & Admin. Expense for an Insurance company?
A good Selling, General, & Admin. Expense depends on the Insurance industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Munchener Ruckversicherungs-Gesellschaft AG and its competitors. Munchener Ruckversicherungs-Gesellschaft AG's current Selling, General, & Admin. Expense is Ft3,464,064 Mil. 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?
Munchener Ruckversicherungs-Gesellschaft AG (BUD:MUNICHRE) has a current Selling, General, & Admin. Expense of Ft3,464,064 Mil. The stock's GF Value™ is Ft191,533.90, compared to a current price of Ft179,100.00 — trading 6.5% below its estimated fair value. The current Selling, General, & Admin. Expense is Ft3,464,064 Mil. Munchener Ruckversicherungs-Gesellschaft AG's overall GF Score™ is 80/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Munchener Ruckversicherungs-Gesellschaft AG (BUD:MUNICHRE), the current Selling, General, & Admin. Expense is Ft3,464,064 Mil as of Jun. 2026. 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 (BUD:MUNICHRE) Overvalued in 2026?
Based on GuruFocus' analysis, Munchener Ruckversicherungs-Gesellschaft AG stock appears to be undervalued.
The current stock price of Ft179,100.00 is trading 6.5% below its estimated GF Value™ of Ft191,533.90.
Key valuation signals for BUD:MUNICHRE:
Selling, General, & Admin. Expense: Ft3,464,064 Mil
GF Value™: Ft191,533.90 vs. price of Ft179,100.00 (6.5% below fair value)
No single metric tells the full story. See the BUD:MUNICHRE 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.
80GF Score
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