Munich Re posts Q2 profit of 2.1 billion euros, above expectations
Munich Re posts Q2 profit of 2.1 billion euros, above expectations
Published by Global Banking and Finance Review
Posted on July 21, 2025
Published by Global Banking and Finance Review
Posted on July 21, 2025
FRANKFURT (Reuters) -The German reinsurer Munich Re said on Monday that its second-quarter profit was significantly above analyst expectations, helped by low claims for losses.
The reinsurer said net profit was around 2.1 billion euros ($2.45 billion) in the second quarter, above a consensus forecast of 1.62 billion euros and 30% above the 1.62 billion it reported a year earlier.
Munich Re, which released the preliminary earnings ahead of schedule, said it would stick to its full-year profit target of 6 billion euros.
It will release more details on August 8.
($1 = 0.8556 euros)
(Reporting by Tom Sims and Alexander Huebner, Editing by Rachel More and Tomasz Janowski)
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