• Insurance revenues were up by 3% to €14.2bn for Q2 23 • Net profit attributable to shareholders declined by 27% to €1.15bn for Q2 23 but well above the FY2023 target • RoE new was 15.5% for Q2 23 compared to 24.2% for Q2 22 and RoE old of 12.3% for Q2 22 • Munich Re decreased the premium volume by 1.9% and risk adjusted prices rose by 5.1% at the July renewals