Insurers Allianz, Munich Re offer upbeat outlooks
Article Abstract:
Allianz Aktiengesellschaft Holding and Munich Reinsurance Co. both of Germany are forecasting bright profit margins despite the largest claims in United States history for recent hurricane damage. Europe's largest insurance company, Allianz, is expecting profit to rise by a third over the next three years. Munich Re, the largest reinsurer in the world is raising it's dividend for 2005 by greater than half despite payouts of approximately 1.5 billion Euros ($1.77 billion) due to hurricanes.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Swiss Re net nearly doubles; long-term targets still stand
Article Abstract:
Swiss Reinsurance Co. of Switzerland posted stellar 2006 net profit to 4.56 billion Swiss Francs ($3.74 billion) from $2.3 billion Francs last year. The insurance giant is endorsing its longterm financial forecasts. Dividends are to increase to 3.4 Francs per share from 2.5 Francs per share last year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Munich Re predicts a drop in profit for 2008
Article Abstract:
Fourth-quarter net profit for Germany's Munich Reinsurance Co. declined by 12% to 460 mil euro due in part to lower investment results, a decrease in premium income, and a higher tax rate. Operating profit increased by 29% to 1.1 bil euro.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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