Munich Re posts €782m profit after Q1 loss last year
Munich Re has reported a consolidated profit of €782m in the first quarter compared to a loss of €948m during the same period last year.
The group recorded an operating result of €1 102m compared to a loss of €1 384m. Compared with year-end 2011, equity rose by 4.8% to €24.4bn and total investments rose to €205.4bn (2010: €211.8bn).
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