Munich Re posts healthy profit
Munich Re has announced a return to profit for 2004, with all business segments contributing to the greatly improved result of €1.8bn, up on the loss of €434m it made in 2003.
In reinsurance, Munich Re said that it's disciplined and selective underwriting paid off. The positive result stabilised at a high level of €1.7bn (€1.6bn in 2003). The combined ratio rose onlyOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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