FRANKFURT (Reuters) – The German reinsurer Munich Re on Tuesday posted a greater-than-expected rise in first quarter profit and said chances had become more likely that it will surpass its full-year target.
Net profit in the quarter of around 2.1 billion euros ($2.24 billion) compares with 1.271 billion euros reported a year ago. Analysts had expected net profit of 1.476 billion euros.
($1 = 0.9381 euros)
(Reporting by Tom Sims and Alexander Huebner)
