Berlin, Oct 22, 2024 (AFP) - Impact of Hurricane Helene weighs on Munich Re's profits

NAMPA / AFP

2024-10-22

German reinsurance giant Munich Re said Tuesday its profits in the third quarter underperformed expectations as it recorded loses from Hurricane Helene, which swept across the southeastern United States earlier this year. Munich Re recorded a net profit of 0.9 billion euros ($1 billion) between July and September, the group said in a statement. Analysts surveyed by the financial data firm FactSet had expected the reinsurance group to post a profi......

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