Munich Re targets EUR5bn net profit for 2024
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Munich Re targets EUR5bn net profit for 2024

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Munich Re has set a net-profit target of EUR5bn ($5.49bn) for 2024 and announced that group insurance revenue is expected to reach EUR59bn next year.

The (re)insurer also predicted its return on investment would improve “noticeably” next year, to more than 2.8%.

For its reinsurance business, Munich Re expects an expansion of insurance revenue to EUR39bn and a net profit of EUR4.2bn,

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