Munich Re Profit Rises With Marginal Hit From Iran War
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Munich Re reported a first-quarter net profit of 1.71 billion euros for 2026, up from 1.09 billion euros the previous year, despite a limited impact from the Iran war, which resulted in claims of 90 million euros. Revenue from insurance contracts fell to 15.02 billion euros, below analysts' expectations of 16.07 billion euros, attributed to currency translation effects. The investment result was 1.68 billion euros with a 2.9% return on investment. The company maintains its annual net profit outlook of 6.3 billion euros.
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