Munich Re posts strong results and is on target to beat 2019 forecast
Munich Re has made a consolidated profit of approximately €850 million in the third quarter, despite high major-loss expenditure.
The company’s shares edged up in early trading and have risen 38% in the last year.
It said the result was due to good operational performance, strong currency gains, and a very good investment result. Munich Re expects to beat its target for the consolidated result of €2.5 billion for 2019, despite typically considerable uncertainties about developments in major losses and the capital markets during the rest of the year.
The figures are subject to the outcome of the ongoing quarterly closing, and will be published by Munich Re on 7 November.
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