Munich Re CFO Sees 'Low Probability' for Acquisitions

The transcript discusses the challenges and opportunities in acquiring insurance companies, emphasizing the importance of price in decision-making. It highlights the low probability of acquisitions due to current price levels and focuses on organic growth. The conversation shifts to industry consolidation and restructuring efforts within the company, noting successful progress and future targets influenced by tax factors.

What is the main reason the company is hesitant about acquiring insurance companies?

• Lack of interest in the insurance sector

• High price levels for acquisitions

• Preference for reinsurance companies

• Focus on organic growth

How does the company view its potential for growth in the insurance industry?

• They plan to grow through mergers

• They are open to growth if the price is right

• They are not interested in growth

• They are focused on reinsurance only

What is the company's approach to acquisitions in their industry?

• They are waiting for better pricing opportunities

• They are actively pursuing acquisitions

• They are focusing on reinsurance acquisitions

• They have no plans for acquisitions

What has contributed to the company's improved financial prognosis for 2017?

• Increased sales

• One-off tax factors

• New acquisitions

• Successful restructuring

What is the company's sentiment towards their restructuring efforts?

• Pleased with the direction

• Uncertain about the outcomes

• Disappointed with the progress

• Concerned about future challenges