Munich Re P&C re profit more than doubles to EUR858mn
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Munich Re P&C re profit more than doubles to EUR858mn

Rachel Dalton
10 August 2021
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Munich Re’s P&C re Q2 profit increased by 146.5% to EUR858mn ($1bn) as its loss ratio dropped as pandemic losses receded.

The group published net profit of EUR1.1bn for Q2, up 91% on the prior-year quarter and in line with a preliminary announcement of its group figures that exceeded a consensus of EUR808mn.

Underwriting:

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Rachel Dalton
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