Become a member

Get the best offers and updates relating to Liberty Case News.

― Advertisement ―


Simple Breakdown: Sorts of Well being Insurance coverage Insurance policies

Fundamental Sorts of Well being Insurance coverage Insurance policies:Particular person Well being Insurance coverage:Household Floater Well being Insurance coverage:Senior Citizen Well being Insurance...
HomeInsuranceMunich Re outlines Q3 2023 efficiency

Munich Re outlines Q3 2023 efficiency

Munich Re outlines Q3 2023 efficiency | Insurance coverage Enterprise America

Annual steerage raised

Munich Re outlines Q3 2023 performance

Insurance coverage Information


Munich Re has reported its monetary outcomes for the three months ended September 30, 2023.


Q3 2023

Q3 2022

Internet consequence

€1.17 billion

€1.10 billion

Insurance coverage income from insurance coverage contracts issued

€14.46 billion

€14.64 billion

Complete technical consequence

€2.22 billion

€1.73 billion

Funding consequence

€760 million

€691 million

Forex consequence

€309 million

€568 million

Working consequence

€1.78 billion

€1.34 billion


Of the group’s internet consequence within the interval, €995 million got here from the reinsurance section. Damaged down additional, €351 million was contributed by life & well being reinsurance; €644 million, property-casualty reinsurance.

Commenting on the figures, chief monetary officer Christoph Jurecka mentioned: “Munich Re’s excellent enterprise efficiency continued seamlessly within the third quarter. In contrast to final 12 months, we benefitted from a relatively delicate hurricane season within the North Atlantic. Accordingly, major-loss expenditure in property-casualty reinsurance was decrease than anticipated, regardless of varied different pure catastrophes.

“Sturdy efficiency in our different working segments rounded out the constructive outcomes. Finally, we will report a internet results of practically €1.2 billion for the third quarter and €3.6 billion for the primary 9 months of the 12 months. We’re assured that we are going to surpass our earlier annual goal of €4 billion and have raised the steerage to €4.5 billion.”   

What do you concentrate on this story? Share your ideas within the feedback beneath.