Ad-hoc | 20 October 2020 15:37

Munich Re posts quarterly result of approx. €200m

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Quarter Results
Munich Re posts quarterly result of approx. €200m

20-Oct-2020 / 15:37 CET/CEST
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Munich Re posts quarterly result of approx. €200m

In the third quarter, Munich Re registered COVID-19-related losses totalling about €800m in reinsurance. The losses were attributable to various business lines, such as insurance for major events and other property-casualty lines, and the life and health business.

As a result of high losses from natural disasters – particularly several severe hurricanes and wildfires in the United States – and man-made losses, the largest of which was the explosion in Beirut’s port, Munich Re also registered what was an above-average claims burden from “non-COVID-19 major losses” for a single quarter.

Subject to the outcome of the ongoing quarterly closing, Munich Re anticipates – given the good performance once again at ERGO – a profit of about €200m (Q3 2019: €865m) for the third quarter of 2020.

Munich Re will publish detailed information on its quarterly figures as scheduled on 5 November 2020.

Contact:
Dr. Fabian Jürgens
General Counsel & Group Chief Compliance Officer

20-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
	Königinstraße 107
	80802 München
	Germany
Phone:	+49(0) 89 3891-0
Fax:	+49(0) 89 399 056
E-mail:	shareholder@munichre.com
Internet:	www.munichre.com
ISIN:	DE0008430026, DE0008430026
WKN:	843002, 843002
Indices:	DAX, EURO STOXX 50
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Mailand
EQS News ID:	1141968

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