Search
 

Munich Re Group Net Income Up 11.9%

The group said its operating results compared with the previous year decreased to EUR5.1 billion ($7.5 billion) due to a significant rise in natural catastrophe losses. The combined ratios remained at a

By Caroline McDonald | Updated on February 28, 2008

The Munich Re Group reported net income of EUR3.93 billion ($5.74 billion) for 2007, up 11.9 percent from 2006.

The group said its operating results compared with the previous year decreased to EUR5.1 billion ($7.5 billion) due to a significant rise in natural catastrophe losses. The combined ratios remained at a “good level”–96.4 percent in reinsurance and 93.4 percent in primary insurance, the firm said.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.