Despite global warming Munich Re seems to be making quite a bit of money.
From Reuters, December 15:
German reinsurer Munich Re (MUVGn.DE) said on Friday that it was targeting 5 billion euros ($5.49 billion) in net profit for next year, in line with analyst expectations but a further bullish statement from the sector.
The 2024 target for Europe's largest reinsurer is 11% above its 2023 forecast of profit of around 4.5 billion.
Competitor Hannover Re (HNRGn.DE) this week said that it expects net profit of at least 2.1 billion euros for 2024, a 24% increase over its guidance for the current year....
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