Munich Re P&C re technical result up 24% for Q2 at EUR1.05bn
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Munich Re P&C re technical result up 24% for Q2 at EUR1.05bn

Rachel Dalton
09 August 2022
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Munich Re’s P&C re unit produced a technical result of EUR1.05bn ($1.07bn) for Q2, a 24% increase year on year, as the segment benefited from below-average major losses during Q2 despite Ukraine losses of EUR90mn during the period.

The group posted operating profit of EUR763mn for the second quarter, a 50.9% decrease year on year, mainly due to lower investment returns and particularly equity write-downs.

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Rachel Dalton
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