Munich Re’s net profit falls 22% over major losses
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Business Insurance - Aug 11, 2023
Germany-based Munich Reinsurance Co.’s net profit fell 21.6% year-on-year to €2.43 billion ($2.67 billion) in the first half of the year due to higher unwinding-of-discount effects and elevated major losses, Artemis reported. The rise in natural catastrophe losses led to an increase in the property...
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