Munich Re increased its net profit 1.5 times in the first quarter

The net profit of Munich Re, the second-largest reinsurance company, in the first quarter increased by 49% to €827 million due to a reduction in losses. Net investment income of the company decreased for the quarter to 1.8 billion euros from 2 billion 150 million euros. Munich Re increased its gross premiums to 13 billion 130 million euros from 12 billion 930 million euros. In the reinsurance segment, profit rose to 750 million euros from 466 million euros. The growth of premiums in this segment amounted to 1.7%.

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