HomeInsuranceMunich Re publicizes “resilient” Q2 results

Munich Re publicizes “resilient” Q2 results

It’s the turn of reinsurance giant Munich Re to unveil its financial report card for the second quarter of 2022, and the company calls its quarterly performance “resilient”.

Munich Re, which emerged profitable in Q2, posted a €768 million profit in the three months ended June 30. The corresponding amount in 2021, however, was higher at €1.1 billion. Similarly, the group’s profit in the first half dipped from last year’s €1.7 billion to €1.4 billion this time around.

In terms of its operating result in the quarter, Munich Re remained in the black with €763 million. A year ago, the figure stood at €1.6 billion. The company’s…

Read more at www.insurancebusinessmag.com

- Advertisment -

Most Popular