Business News

Nov 5, 2009, 8:56 GMT

Munich Re reports return to black in third quarter

Munich - Munich Re, the world's largest re-insurer, reported Thursday it returned to the black in the third quarter, achieving a net result of 644 million euros (947 million dollars). Citing a recovery setting in on capital markets which helped its investment portfolio and the lack so far of any major natural catastrophes requiring its back-up insurance support, Munich Re said the result compared with the 3 billion euros' red ink a year earlier. The company said its operating profit tripled year-on-year to 1.2 billion euros, surpassing analysts' projections. But the company, sounding a note of caution, said it is now projecting full-year earnings of 2.2 to 2.5 billion euros, a slight trimming compared with its August projection of 2.5 billion euros.

And Also

Look Back at the Worst Celebrity Breakups

Look Back at the Worst Celebrity Breakups - PopEater
SQL Injection discovered on Wall Street Journal (Update) - The Tech Herald
Matt Damon Express Hope For Bourne 4 After All - Cinema Blend
Why You're Searching for 'April Ryan,' 'Miley Cyrus,' and 'Becky Griggs' - PopEater
A&E series 'Hoarders' and 'Intervention' premiere Monday, Nov. 30th, preview

Your Talkback on this Story

Similar articles

Insurer Allianz reports higher profits, warns against overconfidence
Allianz slumps into loss on Dresdner, global crisis (Roundup)
Allianz loses 2.4 billion euros in 2008 (1st Lead)
Allianz loses 2.4 billion euros in 2008
AIG sells US insurance unit to Munich Re

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

Peter Facinelli

Kate Beckinsale

From Sites we Like

For the fourteenth straight day, the three broadcast networks have failed to report on the great and growing ClimateGate scandal on their weekday morning or evening news programs [Asinine]
Great White begins Russian leg of new tour [Sad]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint