Munich Re has commented on the 1 January agreement renewals and released some preliminary figures regarding its Q4 16 and FY2016 business. Net profit was down from €0.7bn for Q4 15 to €0.5bn for Q4 16. Munich Re’s preliminary net profit for FY2016 was €2.6bn compared to €3.1bn for FY2015. Gross premiums written by the group in FY2016 declined by 3% to €48.9bn. The investment result was up by 1% to €7.6bn for FY2016 compared to FY2015. Operating profit under
07 Feb 2017
FY2016 results in line but dividend increase announced
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FY2016 results in line but dividend increase announced
Munich Reinsurance Company (MUV:WBO) | 0 0 (-0.2%) | Mkt Cap: 28,293m
- Published:
07 Feb 2017 -
Author:
Dieter Hein -
Pages:
2
Munich Re has commented on the 1 January agreement renewals and released some preliminary figures regarding its Q4 16 and FY2016 business. Net profit was down from €0.7bn for Q4 15 to €0.5bn for Q4 16. Munich Re’s preliminary net profit for FY2016 was €2.6bn compared to €3.1bn for FY2015. Gross premiums written by the group in FY2016 declined by 3% to €48.9bn. The investment result was up by 1% to €7.6bn for FY2016 compared to FY2015. Operating profit under