Munich Re has forecast a group net profit of 2.84bn ($ 2.84bn ) for 2019 . In its outlook for the year , the German reinsurer also revealed it expects profits to rise to € 2.84bn the year and that it will buy back up to € 1bn in its own shares. In February , the company reported a 56 percent fall in Q4 net profit after a series of natural catastrophes.
Munich Re has forecast a group net profit of about €2.5bn ($2.84bn) for 2019. In its outlook 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 €1bn in its own shares. In February, the company reported a 56% fall in Q4 net profit after a series of natural catastrophes.