Munich Re posts strong results and is on target to beat 2019 forecast
Munich Re has made a consolidated profit of approximately €850 million in the third quarter, despite high major-loss expenditure.
The company’s shares edged up in early trading and have risen 38% in the last year.
It said the result was due to good operational performance, strong currency gains, and a very good investment result. Munich Re expects to beat its target for the consolidated result of €2.5 billion for 2019, despite typically considerable uncertainties about developments in major losses and the capital markets during the rest of the year.
The figures are subject to the outcome of the ongoing quarterly closing, and will be published by Munich Re on 7 November.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Brokerslink collaborates with Swiss Re on multinational platform
Analysts at RBC expect prolonged insurance pricing strength
Women in Reinsurance names Peta White chair of the Board
Davies makes sixth acquisition in 2019 as North America expansion gathers pace
Sticks injure 1.4 million dogs – Direct Line Pet Insurance
Feature: 10 ways insurers are using insurtech to drive new business
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze