(Alliance News) - Munich Re AG, the largest reinsurer worldwide, is aiming for a consolidated profit of some EUR4 billion in 2023, due to an ongoing "very pleasing operating performance."
The guidance is based on the new International Financial Reporting Standards 17, valid from next year, and can therefore not be compared with previous full-year figures, Munich Re said late Wednesday.
In the field of reinsurance, the company expects revenues of about EUR39 billion, and a profit of some EUR3.3 billion for 2023.
For 2022, the executive board most recently expected a surplus of around EUR3.3 billion according to the previously applicable accounting standard, IFRS 4, but made the result dependent on several positive special effects.
source: dpa
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