November 7, 2019 / 6:42 AM / 8 days ago

Munich Re confirms to beat 2019 profit forecast after strong Q3

FRANKFURT, Nov 7 (Reuters) - Munich Re on Thursday confirmed that it would beat its full-year profit target in 2019 after a strong third quarter.

Profit in the quarter rose 79% to 865 million euros ($956.69 million). That is better than profit of around 850 million euros that the reinsurer had flagged in preliminary earnings last month. ($1 = 0.9042 euros) (Reporting by Tom Sims Editing by Michelle Martin)

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