jeudi 5 février 2009

Munich Re profits down 62%

"Munich Re has reported its 2008 results, with profits down 62% on year due to writedowns on investments.
Full year net income dropped to €1.5 billion, compared to a record €3.9 billion in 2007, the Germany-based reinsurer said.
Combined ratio in reinsurance worsened to 99.5%, compared with 96.4% in 2007. On primary insurance, including legal expenses [...]"
(2009-2-5)
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