Published on Atlas Magazine (https://www.atlas-mag.net)

Home > Printer-friendly

Munich Re, results and prospects

Tweet [1] [2]
Magazine Issue: 
Stability versus profitability, the hard equation of emerging insurance markets [3]
Magazine date: 
Mar 2017

Munich Re posted, at the end of 2016, a net result of 2.6 billion EUR (2.7 billion USD), down by 16% compared to 3.1 billion EUR (3.4 billion USD) in 2015. The first Reinsurer attributed this drop in earnings to a difficult economic environment, marked by competition and the persistence of low interest rates.

For the year 2017, Munich group expects a further decline in its result, which could be in the range of 2 to 2.4 billion EUR (2.1 to 2.6 billion USD).

Munich Re has also announced a program of share acquisition worth 1 billion EUR (1.08 billion USD) to be finalized by April 2018.

More news on

Fri, 24/03/2017 - 14:06

Source URL: https://www.atlas-mag.net/en/article/munich-re-results-and-prospects

Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fmunich-re-results-and-prospects&text=Munich+Re%2C+results+and+prospects
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fmunich-re-results-and-prospects&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/stability-versus-profitability-the-hard-equation-of-emerging-insurance-markets
[4] http://www.atlas-mag.net/en/taxonomy/term/10%2C19