Munich Re Cuts Revenue Guidance Further But Maintains Profit View
By Elena Vardon
Munich Re further trimmed its insurance-revenue guidance for the year, but backed its profit view as it reported a third-quarter profit beat despite the continued impact of currency fluctuations on its top line.
The German reinsurer on Tuesday reported 2.00 billion euros ($2.31 billion) in net profit for the quarter, which was more than double the 907 million euros it reported a year prior and came in ahead of a 1.93 billion-euro estimate taken from a company-compiled consensus.
The Bavarian group raked in 14.575 billion euros in insurance revenue from insurance contracts issued for the period, marking a 5.9% decrease due to negative currency effects and missing consensus which had penciled in a 15.7 billion-euro result.
For 2025, Munich Re now expects to make 61 billion euros in insurance revenue, down from its recently downgraded guidance of 62 billion euros, due to premium adjustments, the effects of renewals, and exchange-rate developments denting its reinsurance's division print.
The company still expects to make 6 billion euros in net profit for the year.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
November 11, 2025 02:06 ET (07:06 GMT)
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