Munich Re Raises Full-Year Profit Guidance After Strong Third-Quarter Earnings
Munich Re raised its full-year profit guidance after reporting preliminary third-quarter net profit of around 1.7 billion euros, down from 2.00 billion euros a year earlier but above expectations.
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12:02:08 PM UTC
SquawkNews
Munich Re announced a preliminary net profit of approximately 1.7 billion euros for the third quarter of 2026, surpassing the company-compiled consensus forecast of 1.48 billion euros. Driven by strong performance across all segments, lower-than-expected major losses in property and casualty reinsurance, and a robust investment result, the company raised its full-year 2026 net profit guidance from 6.3 billion euros to 6.6 billion euros. This follows a net profit of 5.7 billion euros achieved during the first nine months of the year. The company is scheduled to release its final third-quarter financial results on November 12, 2026.
Munich Re lifted its full-year profit outlook after reporting preliminary third-quarter earnings above forecasts. The German reinsurer posted preliminary net profit of around 1.7 billion euros ($1.91 billion), compared with 2.00 billion euros a year earlier. The result was ahead of…