From Nasdaq: 2025-05-13 02:14:00

In the first quarter, Munich Re’s net profit dropped to 1.09 billion euros from 2.11 billion euros, with technical result falling to 2.05 billion euros from 2.65 billion euros. Operating result also decreased to 1.46 billion euros from 2.89 billion euros. Despite this, insurance revenue from issued contracts increased to 15.81 billion euros from 15.06 billion euros. Munich Re aims to achieve a net result of 6.0 billion euros by fiscal 2025. The company anticipates around 1.1 billion euros in claims related to the Los Angeles wildfires. Stay updated on earnings news at rttnews.com.



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