German reinsurer Munich Re recorded a preliminary net profit of around €2.2bn ($2.5bn), ahead of analyst estimates of around €1.8bn for the period
In an update, the reinsurer said that the result was “buoyed by pleasing operational performance overall” along with low major-loss expenditure in property and casualty.
Munich Re added that based on the net results of around €3.9bn for the first half of this year, it was on track to meet its net result target of around €6.3bn for 2026.
Final results for Q2 will be released on 7 August.