Article ID: 798eece1d9181951fbd11b7328e22702d3ed9690c403978daa3054efee5411ae
Source ID: primary:insurancejournal.com
Published At: -
Extraction Method: trafilatura
URL: https://www.insurancejournal.com/news/international/2026/08/07/880701.htm
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German reinsurer Munich Re on Friday posted a 6% rise in net profit in the second quarter, defying expectations for a drop and lifted by low major loss claims. - Net profit in the quarter of €2.211 billion ($2.55 billion) compares with €2.085 billion a year ago. - Analysts had expected net profit of €1.786 billion. - Major loss costs were “very low” at 4.9% of insurance revenue, compared with an expected 18%, Munich Re said. - It said that it was sticking to its full-year profit target of €6.3 billion. - It trimmed its insurance revenue forecast to €38 billion from €40 billion. ($1 = 0.8679 euros) (Reporting by Tom Sims and Alexander Huebner; editing by Ludwig Burger) Copyright 2026 Reuters. Click for restrictions. Topics Claims Profit Loss Was this article valuable? Here are more articles you may enjoy.
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