Munich Re expects its profit in the first quarter of 2018 to exceed €800 million due to “randomly low incidence” in major losses, up from €557 million in the same period a year ago.
The main reason for this "good result" is low major-loss expenditure in reinsurance, the company explained in a statement.
The guidance for the 2018 consolidated result remains unchanged at €2.1–2.5 billion.
Join us at Intelligent Automation in Insurance - April 26th 2018, London: Book now.
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