Results beyond forecasts for Munich Re

Munich Re has reported a net profit of 3.2 billion EUR (4.2 billion USD) in 2012. Analysts’ forecasts expected profits to amount to 3.13 billion EUR (4.13  billion USD). These figures reflect a significant increase compared to the previous year marked by a series of catastrophic events including the earthquake and tsunami in Japan (March 2011). A positive result of 700 million EUR (925 million USD) was then posted, which was almost five times lower than the one achieved in 2012.