• Net premiums earned increased by 6% to €12.5bn • Q2 results were hit by COVID-19-related claims which were around €700m • Net profit attributable to shareholders decreased by 42% to €580m for Q2 20 • Prices rose by 2.8% and premium volume increased by 8.3% to €3.8bn at the July renewals • The implementation of the 2020/2021 €1bn share buy-back programme announced on 26 February 2020 is now cancelled
06 Aug 2020
Solid set of Q2 20 figures but highest profit of all reinsurers
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Solid set of Q2 20 figures but highest profit of all reinsurers
Munich Reinsurance Company (MUV:WBO) | 0 0 (-0.2%) | Mkt Cap: 28,293m
- Published:
06 Aug 2020 -
Author:
Dieter Hein -
Pages:
3
• Net premiums earned increased by 6% to €12.5bn • Q2 results were hit by COVID-19-related claims which were around €700m • Net profit attributable to shareholders decreased by 42% to €580m for Q2 20 • Prices rose by 2.8% and premium volume increased by 8.3% to €3.8bn at the July renewals • The implementation of the 2020/2021 €1bn share buy-back programme announced on 26 February 2020 is now cancelled