Munich Re [4] has recorded a 12% increase in its half-yearly turnover, which reached 32.683 billion EUR (34.281 billion USD) during the first half of 2022, against 29.193 billion EUR (34.752 billion USD) during the same period in 2021.
As at 30 June 2022, the net profit stood at 1.376 billion EUR (1.443 billion USD), decreasing by 18.8% over one year. The operating result of 1.543 billion EUR (1.618 billion USD) has fallen by 34.4%.
Munich Re's accounts have been impacted by the losses caused by natural catastrophes, Covid-19 and the Russian-Ukrainian war with the respective amounts of 734 million EUR (769.893 million USD), 259 million EUR (271.665 million USD) and 200 million EUR (209.78 million USD).
For the whole 2022 financial year, the German reinsurer is expecting a turnover of 64 billion EUR (65.2 billion USD) and a net result of 3.3 billion EUR (3.36 billion USD).