German Munich Re, the world's second-largest reinsurance company, in the second quarter of this year, reduced its net profit by 0.7% in annual terms to 728 million euros. In the first half of the year, the company's net profit increased by 20.5% to 1 billion 555 million euros. In the second quarter, the gross volume of premiums, excluding changes in foreign exchange rates, amounted to 11 billion 188 million euros, by 5.2% down. According to the results of the first half of the year, the indicator fell by 1.7%. Net investment income for the quarter fell by 6.9%, for the first half - by 12%. The semi-annual figure was 3 billion 554 million euros.