S&P turns Munich Re view to positive

S&P said it revised its outlook for Munich Reinsurance Co. to positive from stable and affirmed its AA- ratings.

“We believe Munich Re is well placed to continue to leverage favorable global reinsurance pricing and expect the group will post a net income of about €4 billion-€4.5 billion, with a return on equity (ROE)of above 14% and a consolidated combined ratio of about 89%-91% (based on IFRS 17) in 2023 and 2024,” S&P said in a press release.

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