Munich Re Q2 profit around 1.1 billion euros, beating expectations [Reuters]
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Reuters
REUTERS/Andreas Gebert FRANKFURT (Reuters) - The reinsurer Munich Re said on Tuesday that it posted a preliminary net profit in the second quarter of around 1.1 billion euros ($1.29 billion), better than analyst expectations. The company said that it was “well on track” to meet its annual profit target of 2.8 billion euros. ($1 = 0.8498 euros) (This story corrects headline to say Q2, not Q1) Reporting by Tom Sims; Editing by Douglas Busvine
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