07/18/2019 | Press release | Distributed by Public on 07/18/2019 10:24
Although work on the Munich Re Half-Year Financial Report is still ongoing, it is expected that there will be a consolidated result in the order of approximately €1bn for the second quarter. This is mainly attributable to low major-loss expenditure and high reserve releases for basic losses in reinsurance from prior years. Due to the usual uncertainty concerning developments in major losses and the capital markets during the rest of the year, the target for the 2019 consolidated result remains unchanged at €2.5bn.
Munich, 18 July 2019
Aktiengesellschaft in München
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to make them conform with future events or developments.