Munich Re profit drops 55% but ERGO bolsters numbers
Sarah JollyFebruary 25, 2021
Munich Re reported a 55% fall in net profit last year to €1.2bn despite 18% growth in ERGO’s contribution to €517m, as the group was struck by €3.4bn of Covid-19 losses.
The group’s reinsurance business saw profit drop 69%...
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Sarah JollyFebruary 25, 2021