Munich Re P&C Q2 net result falls 34% to EUR578mn
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Munich Re P&C Q2 net result falls 34% to EUR578mn

Samuel Casey
10 August 2023
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Munich Re’s P&C reinsurance unit reported a net result of EUR578mn ($636mn) in the second quarter, a decrease of 34% on the prior-year period, as nat cat losses cost the carrier EUR445mn.

The toll of nat cat losses increased by over 185% from a prior year figure of EUR156mn, with flooding in Italy proving the costliest single event, producing losses of around EUR200mn.

Munich

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Samuel Casey
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