Munich Re unveils profit estimate for 2010
On the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (2009: €2.56bn), despite substantial major losses, it announced this morning.
The profit for the fourth quarter totalled €0.48bn (Q4 2009:€0.78bn).
Gross premiums written by the group in the financial year 2010 rose by almost 10% to €45.5bn (2009:€41.4bn).
The Ergo Insurance
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