Q1 losses to drive Munich Re P&C re CoR above consensus at 86.5%
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Q1 losses to drive Munich Re P&C re CoR above consensus at 86.5%

Rachel Dalton
28 April 2023
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Munich Re has published preliminary Q1 figures ahead of its full first quarter earnings, disclosing that its P&C re combined ratio will be 0.6 points worse than consensus due to major losses.

Munich Re stressed that the P&C re Q1 combined ratio is only slightly higher than its full year combined ratio target of 86%.

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Rachel Dalton
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