Munich Re's CFO: Last Quarter Dominated By Large Losses

The video discusses the company's financial performance, focusing on the dividend increase despite Q4 losses due to natural disasters like Hurricane Matthew and the New Zealand earthquake. It addresses the stability of dividends amidst profit declines and the impact of these disasters on insurance pricing. The company is restructuring its primary insurance units, investing in digitalization and sales streamlining, with a slight loss reported but positive future outlook.

What was one of the main reasons for the company's large losses in the fourth quarter?

• A decline in stock prices

• Hurricane Matthew and an earthquake in New Zealand

• A decrease in customer base

• Increased competition in the market

How did the company respond to the decline in profits in terms of its dividend policy?

• They reduced the dividend significantly

• They maintained their dividend policy

• They eliminated the dividend entirely

• They increased the dividend by 10%

What does the company believe is necessary for stabilizing reinsurance rates?

• Normalization of major claims

• A reduction in market competition

• A significant increase in interest rates

• A mega disastrous natural catastrophe

What was the rate decline observed in the most recent renewal of the company's business?

• 3.0%

• 2.0%

• 0.5%

• 1.5%

What was one of the main goals of the restructuring of the Ergo part of the business?

• To increase the number of physical stores

• To digitalize the business and streamline sales forces

• To expand into new international markets

• To reduce the workforce by 50%