Munich Re profits slump 30% on fierce market headwinds despite growth

09-08-2022

Munich Re profits slump 30% on fierce market headwinds despite growth

Global reinsurance giant Munich Re took a hit of almost €1 billion to its investment portfolio triggered by falls in equity markets, which ultimately dragged down its profits both in the second quarter and first half of the year, despite witnessing “clear and profitable growth” as well as vastly improved combined ratio in its core property & casualty (P&C) business.


Munich Re, Results Q2, First half 2022, Profits, Investment, Reinsurance, Property, Casualty, Europe, Global

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