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0 0 -0.00232018561484928 -0.00696055684454769 -0.00123743232791957 0.0108197989172466 0.00541376643464799 0.00464037122969828
Stock impact report

Munich Re posts record profits, but premium levels falling [Yahoo! Finance]

MUENCHENER RE GP UNSP/ADR (MURGY) 
NASDAQ:AMEX Investor Relations: ir.kiterealty.com
Company Research Source: Yahoo! Finance
Munich Re logo and lettering at the main entrance of the administration building in Munich's Schwabing district. Peter Kneffel/dpa Reinsurer Munich Re is forecasting net profits to rise to €6.3 billion ($7.4 billion) from €6.1 billion this year, chief executive Christoph Jurecka said on Thursday. He described 2025 as a pivotal year, adding: "We not only set a new record, but also delivered on all the promises we made as part our five-year Ambition 2025 strategy programme." Fewer natural disasters last year have led to a decline in premium levels. The company has reduced its volume of business written at January 1 by 7.8% to €13.7 billion. "Munich Re deliberately opted to not renew or write business that did not meet expectations with respect to return requirements or terms and conditions," it said. "With very few exceptions, Munich Re maintained the portfolio's high quality thanks to stable contractual terms and conditions," it added. Insurance revenue fell slightly over 20 Show less Read more
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