Munich Re expects a profit of nearly one billion USD in the first quarter of 2018

On April 23, 2018, the German reinsurer Munich Re announced a consolidated profit of more than 800 million EUR (985 million USD) for the first quarter of 2018, that is an increase of 43.6% compared to the first three months of 2017.

This profit is consolidated by the the major claims payments, deemed lower than expected.

The reinsurer also confirmed its profit forecasts for the 2018 financial year: these should be between 2.1 and 2.5 billion EUR (2.6 and 3 billion USD).

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