logo
Plus   Neg
Share
Email

Munich Re Q4 Result Down; Proposes Higher Dividend

Munich Re (0KFE.L) reported that its fourth-quarter preliminary result attributable to equity holders declined to 255 million euros from 530 million euros last year.

Operating result was 404 million euros, down from 864 million euros in the previous year.

Gross premiums written declined to 11.96 billion euros from 12.11 billion euros last year.

Subject to approval by the Supervisory Board and Annual General Meeting, the dividend will rise to 9.25 euros per share.

Munich Re said it still aims to cautiously set the amount of provisions for newly emerging claims within the scope of existing estimation ranges, so that profits from the release of a portion of these reserves are possible at a later stage.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT