Despite heavy U.S. losses from recent natural catastrophes, Munich Re reported third quarter profits were up 33 percent on the strength of investment results.
For the third quarter Munich Re reported net income rose Euro EUR127 million ($149 million) going from EUR386 million ($455 million) to EUR513 million ($604 million).
Net written premiums dropped more than 1 percent or EUR127 million ($149 million), from EUR9.1 billion ($10.7 billion) to EUR8.9 billion ($10.5 billion).
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