Standard and Poor's (S&P) has confirmed Munich Re's "AA-" long-term credit and financial strength rating. The outlook was raised from stable to positive.
Munich Re [4] continues to benefit from favorable reinsurance pricing and maintains an excellent competitive position, according to the rating agency.
S&P expects Munich Re to post net profits between 4 billion EUR (4.4 billion USD) and 4.5 billion EUR (4.9 billion USD) in 2023 and 2024.