Munich Re posts sharp rise in Q3 profit and sticks to full-year target

The German reinsurer Munich Re MUV2 on Tuesday said it posted a better-than-expected rise in net profit in the third quarter on the back of below average major claims, and it stuck to its main profit target for 2025.

Net profit in the quarter was 1.997 billion euros ($2.33 billion), up from 907 million euros a year ago. Analysts had expected net profit of 1.926 billion euros.

($1 = 0.8575 euros)