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Reuters
21-07-2025
- Business
- Reuters
Munich Re posts Q2 profit of 2.1 bln euros, above expectations
FRANKFURT, July 21 (Reuters) - The German reinsurer Munich Re ( opens new tab said on Monday that its second-quarter profit was significantly above analyst expectations, helped by low claims for losses. The reinsurer said net profit was around 2.1 billion euros ($2.45 billion) in the second quarter, above a consensus forecast of 1.62 billion euros. ($1 = 0.8556 euros)
Reuters
13-05-2025
- Business
- Reuters
Munich Re posts 48% drop in profit after Los Angeles wildfire claims
FRANKFURT, May 13 (Reuters) - German reinsurer Munich Re ( opens new tab on Tuesday posted a 48% drop in net profit in the first quarter, a decline resulting from 1.1 billion euros ($1.22 billion) in claims due to the Los Angeles wildfires earlier in the year. Net profit in the quarter of 1.094 billion euros compares with 2.115 billion euros a year earlier. Analysts had expected net profit of 1.112 billion euros. The wildfires killed more than two dozen people and destroyed or damaged more than 16,000 structures, charring an area bigger than Paris. Still, the reinsurer, the world's largest, said it was sticking to its net profit forecast for 2025 of 6 billion euros, up from 5.7 billion euros in 2024. ($1 = 0.8996 euros) ($1 = 0.9000 euros)
