Munich Re P&C re unit swings back to EUR138mn Q3 profit despite cat losses
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Munich Re P&C re unit swings back to EUR138mn Q3 profit despite cat losses

Rachel Dalton
09 November 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
munich-re-hq.jpg

Munich Re’s P&C re segment reported a consolidated result of EUR138mn ($148.4mm) for the third quarter, compared to a loss of EUR23mn the year before, despite losses from Bernd and Hurricane Ida.

While cat losses exerted a heavy impact on the P&C result for this latest quarter, the carrier benefited from a year-on-year increase of more than 30% in investment returns in its P&C segment.

Munich

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsMunich ReResults
rachel dalton/rachel dalton ii ils.png
Rachel Dalton
Lead Reporter
Contact
Gift this article