Munich Re P&C unit swings to Q3 loss of EUR343mn
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Munich Re P&C unit swings to Q3 loss of EUR343mn

Rachel Dalton
08 November 2022
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Munich Re’s P&C segment booked a consolidated loss of EUR343mn ($342.6mn) for Q3 as it booked investment losses on derivatives and equity impairments and write-downs related to the Ukraine war.

The reinsurer maintained its full-year guidance for a consolidated result of EUR3.3bn but added this will be “significantly more difficult to achieve” due to claims experience and the economic environment.

Underwriting:

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Rachel Dalton
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