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.

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