(Reuters) -The world’s largest reinsurer Munich Re on Friday said that it is targeting 6 billion euros ($6.27 billion) in net profit for next year, with its reinsurance business alone anticipated to make up 5.1 billion euros.
For 2024 Munich Re is targeting profit of more than five billion euros.
In the first nine months of the year the company had already reached 4.7 billion euros despite big claims for natural disasters.
The scheduled outlook update comes after yesterday’s news that Munich Re’s German asset management arm MEAG is considering selling its stake in Amprion, which operates 11,000 kilometres of high-voltage power grids in Germany, three sources familiar with the matter told Reuters.
($1 = 0.9562 euros)
(Reporting by Alexander Huebner, Marleen Kaesebier, Editing by Friederike Heine)
