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Good preliminary result for Q1/2018

07:58 PM CEST 2018/04/23

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    Unexpectedly low major-loss expenditure leads to good preliminary result for Munich Re in Q1/2018

    Although the closing activities for the Q1 consolidated financial statements of Munich Re are still ongoing, it is to be expected that the consolidated result will be in excess of €800m, mainly on account of low major-loss expenditure in reinsurance. The consolidated result for the first quarter of 2017 had amounted to €557m. The guidance for the 2018 consolidated result remains unchanged at €2.1–2.5bn.

    Munich, 23 April 2018

    Münchener Rückversicherungs-Gesellschaft
    Aktiengesellschaft in München
    Königinstraße 107
    80802 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 conform them to future events or developments.