FRANKFURT (Reuters) – The reinsurer Munich Re said on Tuesday that it posted a preliminary net profit in the second quarter of around 1.1 billion euros ($1.29 billion), better than analyst expectations.
The company said that it was “well on track” to meet its annual profit target of 2.8 billion euros.
($1 = 0.8498 euros)
(This story corrects headline to say Q2, not Q1)
(Reporting by Tom Sims; Editing by Douglas Busvine)
