GBAF Logo
Top Stories

Munich Re Q1 net profit up 68%, in line with preliminary figures

Published by Uma Rajagopal

Posted on May 8, 2024

1 min read

· Last updated: January 30, 2026

Add as preferred source on Google
Munich Re's financial performance highlights in Q1 2024 - Global Banking & Finance Review
This image showcases Munich Re's financial results announcement for Q1 2024, highlighting a 68% increase in net profit. This significant growth aligns with preliminary figures, reflecting the company's strong performance in the banking and finance sector.
insurance financial markets corporate profits financial reporting investment
Global Banking & Finance Awards 2026 — Call for Entries

Munich Re Q1 net profit up 68%, in line with preliminary figures FRANKFURT (Reuters) – The German reinsurer Munich Re on Wednesday posted a 68% rise in the first quarter net profit, a level that was in line with preliminary figures published last month. Net profit in the quarter of 2.140 billion euros ($2.30 billion) […]

Munich Re Q1 net profit up 68%, in line with preliminary figures

FRANKFURT (Reuters) – The German reinsurer Munich Re on Wednesday posted a 68% rise in the first quarter net profit, a level that was in line with preliminary figures published last month.

Net profit in the quarter of 2.140 billion euros ($2.30 billion) compares with 1.271 billion euros a year ago.

Analysts originally had expected net profit of 1.476 billion euros before the publication of the preliminary figures in April. ($1 = 0.9313 euros)

(Reporting by Tom Sims, editing by Andrey Sychev)

Frequently Asked Questions

What is net profit?
Net profit is the amount of money a company earns after all expenses, taxes, and costs have been deducted from total revenue. It is a key indicator of a company's profitability.
What is a reinsurer?
A reinsurer is a company that provides financial protection to insurance companies by assuming some of their risk. This helps insurers manage their exposure to large claims.
What are preliminary figures?
Preliminary figures are initial estimates of financial performance that are subject to change. They provide a snapshot of a company's financial status before final results are confirmed.
What is the currency exchange rate?
The currency exchange rate is the value of one currency in relation to another. It determines how much of one currency you can exchange for another currency.

Tags

Related Articles

Image for Why Curiosity Is the Hidden Engine Behind Every Big Idea

Why Curiosity Is the Hidden Engine Behind Every Big Idea

Image for The Silent Shift Reshaping Global Finance

The Silent Shift Reshaping Global Finance

Image for The Invisible Forces Rewiring Global Finance—And Why the Shift Is Already Underway

The Invisible Forces Rewiring Global Finance—And Why the Shift Is Already Underway

Image for The Global Finance Reset No One Is Talking About—But Everyone Is Feeling

The Global Finance Reset No One Is Talking About—But Everyone Is Feeling

Image for The Financial Trend Hiding in Plain Sight—Why Everything Feels the Same, But Isn’t

The Financial Trend Hiding in Plain Sight—Why Everything Feels the Same, But Isn’t

Image for The Financial System’s New Rhythm—Why Change Is Happening Without Disruption

The Financial System’s New Rhythm—Why Change Is Happening Without Disruption

More from Top Stories

Explore more articles in the Top Stories category

Image for The Subtle Forces Reshaping Global Finance—And Why They Matter Now
The Subtle Forces Reshaping Global Finance—And Why They Matter Now
Image for The Quiet Realignment of Global Finance—Why the System Is Changing Without a Shock
The Quiet Realignment of Global Finance—Why the System Is Changing Without a Shock
Image for The Global Financial Shift That Feels Small—But Is Changing Everything
The Global Financial Shift That Feels Small—But Is Changing Everything
Image for The Financial System’s Invisible Pivot—Why the Biggest Changes Don’t Make Headlines
The Financial System’s Invisible Pivot—Why the Biggest Changes Don’t Make Headlines
Image for Why Global Supply Chains Are Becoming Smarter, Faster, and More Resilient
Why Global Supply Chains Are Becoming Smarter, Faster, and More Resilient
Image for Why Workforce Agility Is Becoming Critical in the Future of Work
Why Workforce Agility Is Becoming Critical in the Future of Work
Image for Why Global Trade Is Entering a New Era of Resilience and Reinvention
Why Global Trade Is Entering a New Era of Resilience and Reinvention
Image for Why Cybersecurity Is Becoming a Core Business Priority in the Digital Economy
Why Cybersecurity Is Becoming a Core Business Priority in the Digital Economy
Image for Why Data-Driven Decision-Making Is Becoming the Backbone of Modern Business Strategy
Why Data-Driven Decision-Making Is Becoming the Backbone of Modern Business Strategy
Image for How Real-Time Data Is Redefining Decision-Making in the Digital Economy
How Real-Time Data Is Redefining Decision-Making in the Digital Economy
Image for Why Cash Flow Visibility Is Becoming the Most Critical Metric for Business Survival
Why Cash Flow Visibility Is Becoming the Most Critical Metric for Business Survival
Image for How Digital Payments Are Redefining the Speed and Scale of Global Commerce
How Digital Payments Are Redefining the Speed and Scale of Global Commerce
View All Top Stories Posts