Munich Re P&C unit swings to Q3 loss of EUR343mn
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Munich Re P&C unit swings to Q3 loss of EUR343mn

Rachel Dalton
08 November 2022
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
Munich Re logo Munich Germany.jpg

Munich Re’s P&C segment booked a consolidated loss of EUR343mn ($342.6mn) for Q3 as it booked investment losses on derivatives and equity impairments and write-downs related to the Ukraine war.

The reinsurer maintained its full-year guidance for a consolidated result of EUR3.3bn but added this will be “significantly more difficult to achieve” due to claims experience and the economic environment.

Underwriting:

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsMunich Re
rachel dalton/rachel dalton ii red.png
Rachel Dalton
Lead Reporter
Contact
Gift this article