Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

  • WKN: 843002
  • ISIN: DE0008430026
  • Land: Germany

Nachricht vom 20.10.2020 | 15:37

Munich Re posts quarterly result of approx. €200m

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Quarter Results
Munich Re posts quarterly result of approx. €200m

20-Oct-2020 / 15:37 CET/CEST
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Munich Re posts quarterly result of approx. €200m

In the third quarter, Munich Re registered COVID-19-related losses totalling about €800m in reinsurance. The losses were attributable to various business lines, such as insurance for major events and other property-casualty lines, and the life and health business.

As a result of high losses from natural disasters - particularly several severe hurricanes and wildfires in the United States - and man-made losses, the largest of which was the explosion in Beirut's port, Munich Re also registered what was an above-average claims burden from "non-COVID-19 major losses" for a single quarter.

Subject to the outcome of the ongoing quarterly closing, Munich Re anticipates - given the good performance once again at ERGO - a profit of about €200m (Q3 2019: €865m) for the third quarter of 2020.

Munich Re will publish detailed information on its quarterly figures as scheduled on 5 November 2020.




Contact:
Dr. Fabian Jürgens
General Counsel & Group Chief Compliance Officer

20-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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