Munich Re released only a quarterly statement and not a full report on the Q1 18 results. Net profit attributable to shareholders increased by 49% to €826m for Q1 18 compared to Q1 17. Gross premiums written were up by 1.6% to €13.1bn in Q1 18 compared to the same period last year. At constant exchange rates, the rate of change would have been up by 7.8%. Net premiums earned were down by 5% to €11.25bn in Q1 18 versus Q1 17. Expenses for claims declined by 17% to €8.4bn in
08 May 2018
Improved Q1 earnings ahead of 2018 target range
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Improved Q1 earnings ahead of 2018 target range
Munich Reinsurance Company (MUV:WBO) | 0 0 (-0.2%) | Mkt Cap: 28,293m
- Published:
08 May 2018 -
Author:
Dieter Hein -
Pages:
3
Munich Re released only a quarterly statement and not a full report on the Q1 18 results. Net profit attributable to shareholders increased by 49% to €826m for Q1 18 compared to Q1 17. Gross premiums written were up by 1.6% to €13.1bn in Q1 18 compared to the same period last year. At constant exchange rates, the rate of change would have been up by 7.8%. Net premiums earned were down by 5% to €11.25bn in Q1 18 versus Q1 17. Expenses for claims declined by 17% to €8.4bn in