• Preliminary Q2 net income of approximately €2.2 billion clearly exceeded the analyst consensus of €1.786 billion.
• This was driven by very low major loss charges in property and casualty reinsurance and very strong investment results. ERGO posted a net profit of approximately €0.3 billion.
• With a first-half profit of approximately €3.9 billion, Munich Re believes it is on track to achieve its annual profit target of €6.3 billion for 2026.
