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| Name | Symbol | Market | Type |
|---|---|---|---|
| Muenchener Rueckversicherungs Gesellschaft AG (PK) | USOTC:MURGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.50 | -2.99% | 48.61 | 48.09 | 48.63 | 48.62 | 47.72 | 47.97 | 36,541 | 21:09:43 |
From Jul 2022 to Jul 2024
By Cecilia Butini
German insurer Munich Re AG said Friday that its first-quarter net profit beat expectations, and that it expects to beat 2023 forecasts as a result.
The company posted a preliminary net profit for the first quarter of about 1.3 billion euros ($1.43 billion), beating a consensus expectation of EUR1.01 billion. It said that it still anticipates a net result of about EUR4 billion for the 2023 financial year, though surpassing this target has become more likely due to the first-quarter result, it said. Munich Re's losses from natural catastrophes were higher than expected, hitting its property-casualty reinsurance business, it said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
April 28, 2023 09:15 ET (13:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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