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MSIG USA appoints David Petrone as Northeast region distribution leader
MSIG USA has named David Petrone as its new Northeast region distribution leader, responsible for regional distribution strategy and broker relationships. Petrone brings over 30 years of industry experience, including leadership roles at Chubb and Marsh. His appointment aims to strengthen MSIG USA’s market presence and support its underwriting capabilities. » More on insurancejournal.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | 2023 | YoY |
|---|---|---|
| Revenue | 179.16m | 2.05% |
| Gross profit | 186.44m | 31.16% |
| Net profit | 11.88m | 30.12% |
| EBITDA | 17.09m | 21.19% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €158.37m |
Number of shares | 42.8m |
52-week high/low | €4.00 - €3.48 |
Dividend yield | 1.08% |
Dividends TTM | €0.04 |
Beta | 0.02 |
P/E ratio | 13.21 |
PEG ratio | 0.40 |
P/B ratio | 2.04 |
P/S ratio | 0.88 |
Company profile
msg life ag provides software, advice, and cloud solutions for life insurance companies and pension fund institutions in Europe and the United States. The company offers msg.Insurance Suite for digitized insurance business; msg.Health Factory that covers life cycle of a health insurance contract; msg.ILIS, an insurance liability information system; msg.Life Group for collective business; msg.Life Factory for life insurance companies; msg.Pension, a web-based service portal; msg.Pension Data for digital pension overview; msg.Marsy-Pension for company pension commitments; msg.RAN, a pension settlement and documentation system; msg.Tax Connect, a software to optimize tax communication procedure; msg.Zulagenverwaltung for automated management of allowances process; msg.ZVK Factory, a policy administration system for supplementary pension fund; and msg.Tax Data for automated management of tax exemption orders and non-assessment certificates. It also provides msg.P&C Factory, a policy administration system for life insurance companies; msg.Billing for collection and settlement process; msg.Business Partner, a software for management of natural and legal persons; msg.Commission that controls and manages the sales structure; msg.Office, a digitized transaction control and document management solution; and msg.PMQ, a product management system. In addition, the company offers msg.Migration Archive, a software for archiving historical contract and peripheral system data; msg.Migration System for migration of data from source system to target system; msg.Migration Factory; msg.Sales platform for digital quotation and application processing; and msg.Online Insure, a customer self-service portal. Further, it offers the Unified Administration Platform; Unified Product Platform for Health; UAP.Reinsurance system; and Unified Distribution Platform. The company was founded in 1980 and is headquartered in Leinfelden-Echterdingen, Germany. msg life ag is a subsidiary of msg systems ag.
| Name | Msg Life |
| CEO | Milenko Radic |
| Headquarters | Leinfelden-Echterdingen,
bw Germany |
| Website | |
| IPO | 10/11/2022 |
| Employees | 925 |
Deep Dive
Ticker symbols
| Exchange | Symbol |
|---|---|
Ham | MSGL.HM |
Hamburg | MSGL.HM |