Munich Holding has forecast a group net profit of about € 2.5bn ( $ 2.84bn ) for 2019 . In its report for the year , the German reinsurer also revealed it expects profits to rise to € 2.8bn next year and that it will buy back up to € ##500 in its own shares . Reporting by Alexander Huebner; Writing by Tom Sims; Editing by Arno Schuetze In February , the company reported a 56 % increase in Q4 net profit after a series of natural catastrophes .
Munich Holding has forecast a group net profit of about € 2.5bn ( $ 2.84bn ) for 2019 . In its report for the year , the German reinsurer also revealed it expects profits to rise to € 2.8bn next year and that it will buy back up to € ##500 in its own shares . In February , the company reported a 56 % increase in Q4 net profit after a series of natural catastrophes .