Munich Re lifts 2012 net profit aim to 3 bln eur

FRANKFURT Wed Nov 7, 2012 2:01am EST

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FRANKFURT Nov 7 (Reuters) - Munich Re raised its full year net profit target to around 3 billion euros ($3.84 billion) after surging investment income and moderate damage claims helped it beat the highest forecast in a Reuters poll for third quarter net profit.

It had previously expected to earn slightly more than 2.5 billion euros in 2012.

($1 = 0.7812 euros) (Reporting by Jonathan Gould)

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