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A reinsurer will be better than expected

by

Frédérique De Simone

July 23, 2019 09:30

Photo : Freepik

The financial report of Munich Re is not out yet, but it is expected that the consolidated profit of about 1 billion euros for the second quarter of 2019, warns the reinsurer.

The low expenditures related to major claims and reserves high, accumulated over the past few years, which are used to meet the claims of the basis of the reinsurance, which are the main cause of this result.

Due to the uncertainty of the usual concerning the evolution of the losses and of the capital markets during the remainder of the year, the objective of the consolidated income statement for the year 2019 remains unchanged. It is set at 2.5 billion euros.

The results will be announced on the 7th of August, says Munich Re.

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