Munich Re reports 154% rise in Q1 P&C re profit and 2.4% April rate growth
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Munich Re reports 154% rise in Q1 P&C re profit and 2.4% April rate growth

Rachel Dalton
06 May 2021
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Munich Re’s P&C re unit posted Q1 profit of EUR358mn ($430mn), more than double that of the prior-year quarter, as the carrier benefited from reduced major losses.

Consensus: The carrier had already announced it was expecting net Q1 profit of around EUR600mn; the figure it reported today was EUR589mn.

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Rachel Dalton
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