Munich Re first-quarter profit drops 65% due to coronavirus oubreak - British Herald
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Munich Re first-quarter profit drops 65% due to coronavirus oubreak

FRANKFURT (Business) – Munich Re’s profit fell 65% in the first quarter with losses of approximately 800 million euros owing to the coronavirus outbreak.

Profit in the quarter dropped to 221 million euros- a steep drop from the 633 million euros posted a year earlier. Munich Re warned in March about the profit drop.

(Photo syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.

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