February 6, 2019 / 6:43 AM / 5 months ago

Munich Re net profit drops 56 pct in Q4, proposes dividend increase

FRANKFURT, Feb 6 (Reuters) - German reinsurer Munich Re on Wednesday reported a 56 percent decline in net profit in the fourth quarter, in line with expectations, but said it would propose raising its dividend for 2018.

Net profit in the quarter was 238 million euros, down from 538 million a year ago.

Reporting by Tom Sims; editing by Thomas Seythal

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