Munich Re Expects Profit, Unchanged Dividend, Tagesspiegel Says

Munich Re expects to post a profit this year and keep dividend payments to shareholders unchanged, Tagesspiegel reported, citing management board member Torsten Jeworrek.

The German reinsurer should be able to pay shareholders a dividend of 6.25 euros ($8.55), the same as in 2010, unless “something very bad” occurs, Jeworrek told the newspaper in an interview that will be published tomorrow. Still, Munich Re is bracing for a “high number” of hurricanes this year, he said, according to the newspaper.

To contact the reporter on this story: Andreas Cremer in Berlin at acremer@bloomberg.net.

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.