UBS AG has maintained a "Neutral" rating for Munich Reinsurance Company shares, setting a target price of 594 euros. Analyst Will Hardcastle noted the appeal of the complete takeover of Next Insurance for ERGO, highlighting the company's surplus capital of around 10 billion euros, which could enhance earnings per share by 10 to 15 percent. Currently, shares are trading at 574.40 euros, reflecting a 17.9 percent increase since the start of 2025, with a Q1 2025 balance sheet presentation scheduled for May 13, 2025.