Munich Re posts good Q2 result despite high losses from COVID-19

joachim wenning

Munich Re generated a profit of €579m (993m) in Q2 2020, and €800m (1,626m) in Q1-2. Business development was encouraging, with the exception of the drag on profit due to COVID-19-related losses totalling around €700m in Q2 and some €1.5bn in Q1-2 2020.

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