News Reinsurance28 Feb 2024

Munich Re's profit for 2023 drops, affected by high 2022 net results

| 28 Feb 2024

Munich Re posted a profit of EUR4,597m ($4,988m) in 2023, 13.4% lower than the EUR5,309m reported for 2022, says the global reinsurance giant in statements released yesterday. In the 2023 financial year, Munich Re's return on equity (RoE) amounted to 15.7% (2022: 20.2%).

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