Munich Re: results forecasts for 2024

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Munich ReMunich Re is expecting a net profit of nearly 5 billion EUR (5.4 billion USD) in 2024. The insurance income should reach 59 billion EUR (64.3 billion USD). The return on investment should exceed 2.8%.

The Group's reinsurance business is forecast to generate a net result of 4.2 billion EUR (4.6 billion USD). The non-life combined ratio would be 82%.

The life and health entity's underwriting result would be 1.45 billion EUR (1.6 billion USD). ERGO, Munich Re's direct insurance subsidiary, is projected to post a net profit of 800 million EUR (871.5 billion USD).

The German group's financial results for the 2023 financial year are scheduled to be published on 27 February 2024.

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Tue, 19/12/2023 - 17:06
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