Munich Re Aims for EUR4Bln Profit in 2023
14 Diciembre 2022 - 12:19PM
Noticias Dow Jones
By Giulia Petroni
Munich Re AG on Wednesday said it aims for a profit of around 4
billion euros ($4.2 billion) in 2023 on the back of a continuing
positive operating performance.
The German reinsurer said insurance revenues are expected to
reach around EUR58 billion, while return on investment should be to
at least 2.2%.
Guidance is under the new accounting standard for insurers, IFRS
17.
Munich Re said forecasts face increased uncertainty due to
macroeconomic developments and volatile capital markets as well as
the coronavirus pandemic and the financial impact of the war in
Ukraine.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
December 14, 2022 13:04 ET (18:04 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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