Profit for Munich Re P&C re climbs sixfold over fourth quarter
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Profit for Munich Re P&C re climbs sixfold over fourth quarter

Rachel Dalton
23 February 2022
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Munich Re’s P&C re unit reported a Q4 consolidated result of EUR648mn ($735mn), a sixfold increase year on year, as the carrier announced 14.5% premium growth at the 1.1 renewals.

At a group level, Munich Re reported Q4 operating profit of EUR962mn, up 44% year on year, and net profit of EUR871mn – four times that of the prior year.

Citi

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Rachel Dalton
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