Net profit attributable to shareholders decreased by 45.5% to €430m for Q1 16 compared to Q1 15. Gross premiums written were down by 4% to €12.5bn in Q1 16 compared to the same period last year. At constant exchange rates, the rate of change would have been down by 2%. Expenses for claims declined by 12% to €9.0bn in Q1 16. The technical result rose by 3.6% to €945m for Q1 16 compared to Q1 15. The investment result decreased by 14% to €1.6bn in Q1 16 compared to Q1 1
10 May 2016
Q1 figures are disappointing, peers released better figures
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Q1 figures are disappointing, peers released better figures
Munich Reinsurance Company (MUV:WBO) | 0 0 (-0.2%) | Mkt Cap: 28,293m
- Published:
10 May 2016 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders decreased by 45.5% to €430m for Q1 16 compared to Q1 15. Gross premiums written were down by 4% to €12.5bn in Q1 16 compared to the same period last year. At constant exchange rates, the rate of change would have been down by 2%. Expenses for claims declined by 12% to €9.0bn in Q1 16. The technical result rose by 3.6% to €945m for Q1 16 compared to Q1 15. The investment result decreased by 14% to €1.6bn in Q1 16 compared to Q1 1