NU Online News Service, Nov. 5, 2:21 p.m. EDT
Munich Re announced a consolidated profit in the third quarter of EUR651 million [$963 million], compared to EUR2 million [$2.96 million] for the same period last year.
The profit for the first nine months of the year amounted to EUR1.8 billion [$2.66 billion] compared with EUR1.4 billion last year, a difference of 28.5 percent. Munich Re said it expects a group profit of between EUR2.2 billion [$3.26 billion] and EUR2.5 billion [$3.7 billion] for 2009–at least EUR700 million [$1.036 billion] more than in 2008.
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