Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Munich Re's primary insurance unit reported a 227 million-euro loss for last year. (AP Photo)

(Bloomberg) – Munich Re, the world’s second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings.

The company plans to repurchase 1 billion euros ($1.1 billion) of stock before its 2017 shareholder meeting, Munich Re said in a statement Wednesday. That follows a repurchase of the same size that ends in April. Net income for this year is expected to decline to between 2.3 billion euros and 2.9 billion euros, compared with 3.1 billion euros reported for 2015, the Munich-based company said.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.