Munich Re released only a quarterly statement and not a full report on Q1 17 results. Net profit attributable to shareholders increased by 29% to €554m for Q1 17 compared to Q1 16. Gross premiums written were up by 3.3% to €12.9bn in Q1 17 compared to the same period last year. At constant exchange rates, the rate of change would have been up by 1.6%. Expenses for claims rose by 13.5% to €10.2bn in Q1 17. The technical result decreased by 26.5% to €694m for Q1 17 compared
09 May 2017
Q1 figures improved and in line with 2017 target range
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Q1 figures improved and in line with 2017 target range
Munich Reinsurance Company (MUV:WBO) | 0 0 (-0.2%) | Mkt Cap: 28,293m
- Published:
09 May 2017 -
Author:
Dieter Hein -
Pages:
3
Munich Re released only a quarterly statement and not a full report on Q1 17 results. Net profit attributable to shareholders increased by 29% to €554m for Q1 17 compared to Q1 16. Gross premiums written were up by 3.3% to €12.9bn in Q1 17 compared to the same period last year. At constant exchange rates, the rate of change would have been up by 1.6%. Expenses for claims rose by 13.5% to €10.2bn in Q1 17. The technical result decreased by 26.5% to €694m for Q1 17 compared