The reinsurer confirmed its profit target for the year as a whole, but is once again becoming more cautious with regard to turnover.
In the third quarter, Munich Re posted a profit of just under 2 billion euros, compared with 907 million euros in the same period last year, when high losses were incurred for natural catastrophes. Analysts had expected 1.93 billion euros in a consensus published by the company itself.
Munich Re continues to expect a net profit of around 6 billion euros for 2025 after 5.7 billion in the previous year. After nine months, the Group earned 5.18 billion euros.
The Group now expects insurance premium income to be around 61 billion euros, roughly on a par with the previous year. Munich Re had recently lowered its forecast to 62 billion euros.
Meanwhile, Munich Re is becoming more confident about the combined ratio in property and casualty reinsurance. The ratio, which compares expenses and income in the insurance business, is now seen at 74% instead of 79%.
Source: Finanzen.net