Insurances - Munich Re expects a profit of five billion euros in 2024
Munich Re, the world's largest reinsurer, is targeting another leap in profits for the coming year. Thanks to growth in all areas of business, the DAX-listed company announced in Munich on Friday that net profit should reach around five billion euros. This puts the profit target eleven percent above the EUR 4.5 billion that CEO Joachim Wenning has set for 2023. Analysts recently forecast just under EUR 4.6 billion for the current year and just under EUR 5 billion for 2024.
Press release
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- The significant leap in profits predicted by Munich Re, based in Bavaria, Germany, is projected to reach approximately five billion euros in 2024, reinforcing the company's position as a global leader in Insurances.
- Analysts, taking into account Munich Re's impressive growth in all business sectors, have adjusted their forecasts for the coming years, predicting a profit of around five billion euros in 2024, further bolstering Munich Re's presence in Germany's Insurance market.
- Munich Re, headquartered in Munich, Germany, has announced its ambition to surpass its 2023 profit goal of EUR 4.5 billion, aiming for a leap in profits to reach around five billion euros in 2024, a testament to its strong performance and position within the global Insurances sector.
Source: www.stern.de
