After the reinsurer company reported a sharp decline in its net profit in the first quarter, shares of Munich Re\u2019 were trading at approximately %Five is down. The net result was \u20ac1.09 billion in the first quarter of 2025\u2019. This figure is compared to the previous year's 2.12 billion euros. According to the quarterly report of the German reinsurer company, the decline in earnings was mainly due to major damages and fluctuations in capital markets.<\/p>\n
The wildfires in Los Angeles\u2019 were the main source of a major spending loss, costing the company 1.1 billion Euro\u2019.<\/p>\n
Reinsurance broker Gallagher Re\u2019nin's latest Natural Disaster and Climate ReportAccording to \u2019, the Los Angeles wildfires caused an estimated $65 billion in economic losses and up to $40 billion in in insured losses.<\/p>\n
Christoph Jurecka, CFO\u2019 of Munich Re\u2019, \u201cMunich Re, January 2025Although \u2019te did not emerge unscathed from the devastating wildfires in Los Angeles\u2019, we still managed to make a profit of 1.1 billion euros every three months, \u201d said. \u201cThis is an example of the resilience of the Munich Re Group, which is once again strengthened by the prudent management of our business portfolio.\u2019<\/p>\n
Beyond the losses caused by wildfires in \u2019, the company's investment result also downgraded the overall result; mainly due to noticeable fluctuations in interest rates, in the first three months it decreased from 2.16 billion Euro\u2019 in the previous year to 1.32 billion Euro\u2019.<\/p>\n
The company also lost half a billion euros in currency exchange, mainly due to the weakening dollar.<\/p>\n
Insurance revenue from insurance contracts increased to 15.8 billion Euro\u2019. In this segment, ERGO, which belongs to the group, one of the largest insurance groups in Europe\u2019, provided one-third of this revenue and showed strong growth, especially in international business. Ergo International, Munich Re\u2019's revenue among its divisions compared to the previous year %It was the fastest company to increase by 8.8 percent.<\/p>\n
ERGO recently gained access to the U.S. small business insurance market following Munich Re\u2019's acquisition of Next Insurance\u2019 in March. This can increase the overall earnings of Munich Re\u2019, which has just confirmed its financial outlook.<\/p>\n
Jurecka, \u201cThanks to the ongoing positive market conditions and the high quality of our portfolio, we remain committed to our profit target of 6 billion Euro\u2019 for fiscal year 2025, \u201d said.<\/p>","protected":false},"excerpt":{"rendered":"
Germany\u2019's reinsurance giant, ABD, suffered a serious blow from wildfires in \u2019; The company's property and accident reinsurance segments were down, and Munich Re\u2019's net earnings were nearly halved.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[502,663,664],"class_list":["post-2536","post","type-post","status-publish","format-standard","hentry","category-genel","tag-bu","tag-los","tag-munih-re"],"_links":{"self":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts\/2536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/comments?post=2536"}],"version-history":[{"count":0,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts\/2536\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/media?parent=2536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/categories?post=2536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/tags?post=2536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}