Munich Re Q2 2012 earnings News

Floods Impact Munich Re’s Q2 Net Profit; Still on Track for FY $4 Billion

Despite a rough second quarter – consolidated profit of €543 million [$720 million], compared to €812 million [$1.077 billion] in Q2, 2012, Munich Re said it is “well on track to achieve its 2013 profit target.” The world’s largest reinsurer …