Munich Re P&C re Q4 profit rises 77% to EUR1.15bn
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Munich Re P&C re Q4 profit rises 77% to EUR1.15bn

Rachel Dalton
23 February 2023
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Munich Re’s P&C re unit reported a consolidated result of EUR1.15bn ($1.22bn) for Q4, a 77.2% increase on the prior-year quarter, as it benefited from lower major losses than in 2021.

At group level, Munich Re reported operating profit of EUR2.4bn for Q4, up almost 150% year on year.

Jefferies analyst Philip Kett noted that the group’s full-year operating result was 14.6%

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Rachel Dalton
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