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International

Munich Re expects €800 million profit

April 24, 2018 Reprints

Munich Reinsurance Co. expects to post a consolidated profit of more than €800 million ($976 million) in the first quarter due to lower than expected payout for major losses, Reuters reported. The reinsurer's profit totaled €557 million in the first quarter of 2017. Munich Re expects a consolidated net profit of up to €2.5 billion this year.

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Munich Re expects €800 million profit

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