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Munich Re Lowers Revenue View on Currency Impacts

Munich Re Lowers Revenue View on Currency Impacts

Munich Re MUV2 2.98%increase; green up pointing triangle lowered its insurance revenue guidance for the year due to business and exchange-rate developments, but backed its profit view as it reported second-quarter results.
The German reinsurer on Friday said that it now expects its insurance revenue for 2025 to come in at 62 billion euros ($72.34 billion), down from 64 billion euros previously. The decrease is due to lower expectations for insurance revenue in its reinsurance division, which it expects to amount to 40 billion euros against the 42 billion euros previously forecast.
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