# Munich Re Q1 net profit up 68%, in line with preliminary figures
Published: 2024-05-08
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: Munich Re Q1 net profit up 68%
Meta Description: Discover how Munich Re's first-quarter net profit soared by 68%, exceeding analysts' expectations and preliminary figures. Learn more here.
URL: https://business.express/munich-re-q1-net-profit-up-68-in-line-with-preliminary-figures/

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FRANKFURT (Reuters) – The German reinsurer Munich Re on Wednesday posted a 68% rise in the first quarter net profit, a level that was in line with preliminary figures published last month.

Net profit in the quarter of 2.140 billion euros ($2.30 billion) compares with 1.271 billion euros a year ago.

Analysts originally had expected net profit of 1.476 billion euros before the publication of the preliminary figures in April. ($1 = 0.9313 euros)

(Reporting by Tom Sims, editing by Andrey Sychev)


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