Munich Re Posts €2.1 Billion Profit on ‘Very Low' Major Losses
Munich Re said second-quarter profit rose as some major-loss expenditures were less than expected, prompting the German reinsurance company to confirm its full-year profit guidance.
Preliminary profit in the three months through June increased to about €2.1 billion ($2.5 billion), the company said on Monday. It posted net income of €1.6 billion a year earlier.
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