Munich Re reports €2.14B Q1 2024 net profit, a 68% YoY increase, with 6.1% premium growth in April treaty renewals.
Munich Re, the largest reinsurer, reported a €2.14B net profit for Q1 2024, exceeding estimates and marking a 68% increase YoY. The company saw a 6.1% premium growth in the April treaty renewals, exploiting favorable market conditions and gaining opportunities in India, Latin America, and Europe. Munich Re anticipates a sustained positive market environment during the upcoming July renewals, increasing the likelihood of surpassing the full-year profit guidance of €5B.
May 08, 2024
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