Munich Re profit tops expectations despite Ian, Ukraine war hit

23-02-2023

Munich Re profit tops expectations despite Ian, Ukraine war hit

Profits at global reinsurance giant Munich Re soared despite costly claims from natural catastrophes including Hurricane Ian and investment hit from the ongoing Russia-Ukraine war. The company is taking advantage of digitisation and a diverse portfolio to open up new earnings prospects, and has set an ambitious target of generating a consolidated profit of €4 billion in 2023.


Munich Re, 2022 results, Profits, Reinsurance, Property, Casualty, ERGO, Joachim Wenning, Hurricane Ian, Ukraine war, Investment loss, Europe, Germany

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