Munich Re expects to beat 2019 profit target after strong third-quarter [Reuters]
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Reuters
Munich Re expects to beat 2019 profit target after strong third-quarter - Reuters 1 Min Read FRANKFURT (Reuters) - German reinsurer Munich Re ( MUVGn.DE ) on Friday said it expected to beat its full-year profit target in 2019 after a strong third quarter. Munich Re, which is due to report earnings on Nov. 7, said net profit in the quarter would be about 850 million euros ($945.63 million), despite expenses for major losses. The reinsurer’s profit target had been around 2.5 billion euros for the full year. The company’s shares rose 1.8% at 0855 GMT to the highest level in more than 17 years. Reporting by Tom Sims, editing by Riham Alkousaa All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Munich Re expects to beat 2019 profit target after strong third-quarter FRANKFURT (Reuters) - German reinsurer Munich Re ( MUVGn.DE ) on Friday said it expected to beat its full-year profit target in 201
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