• Net profit attributable to shareholders was up by 79% to €865m for Q3 19 • Investment result increased from €1.3bn for Q3 18 to €2.1bn for Q3 19 due to high disposal gains • P&C major-loss expenditure corresponded to 18.4% of net earned premium for Q3, which was significantly higher than the projected long-term average of 12% • Munich Re expects now to beat its target for the consolidated result of €2.5bn for FY2019

07 Nov 2019
Good Q3 results despite high claims

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Good Q3 results despite high claims
Munich Reinsurance Company (MUV:WBO) | 0 0 (-0.2%) | Mkt Cap: 28,293m
- Published:
07 Nov 2019 -
Author:
Dieter Hein -
Pages:
3 -
• Net profit attributable to shareholders was up by 79% to €865m for Q3 19 • Investment result increased from €1.3bn for Q3 18 to €2.1bn for Q3 19 due to high disposal gains • P&C major-loss expenditure corresponded to 18.4% of net earned premium for Q3, which was significantly higher than the projected long-term average of 12% • Munich Re expects now to beat its target for the consolidated result of €2.5bn for FY2019