• Net premiums earned increased by 1% to €12.8bn in Q1 21
• COVID-19 claims were around €290m for Q1 21 compared to around €800m for Q1 20
• Pre-tax profit increased by 48% to €703m in Q1 21
• Net profit attributable to shareholders was up from €221m for Q1 20 to €589m for Q1 21 due to a lower tax ratio
• Prices rose by 2.4% and premium volume increased by 17% to €2.3bn at April renewals
06 May 2021
Solid Q1 results, RoE of 10.4%
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Solid Q1 results, RoE of 10.4%
Munich Reinsurance Company (MUV2:ETR) | 0 0 0.0%
- Published:
06 May 2021 -
Author:
Dieter Hein -
Pages:
3
• Net premiums earned increased by 1% to €12.8bn in Q1 21
• COVID-19 claims were around €290m for Q1 21 compared to around €800m for Q1 20
• Pre-tax profit increased by 48% to €703m in Q1 21
• Net profit attributable to shareholders was up from €221m for Q1 20 to €589m for Q1 21 due to a lower tax ratio
• Prices rose by 2.4% and premium volume increased by 17% to €2.3bn at April renewals