April 23, 2018 / 6:07 PM / 4 months ago

Munich Re says expects Q1 profit of over 800 million euros

BERLIN, April 23 (Reuters) - German insurance group Munich Re said it was expecting a consolidated first-quarter profit of over 800 million euros ($976 million) after a lower than expected pay out for major losses.

The group had reported a profit of 557 million euros for the first quarter of last year.

It stuck to its guidance for 2018 consolidated net profit of 2.1-2.5 billion euros.

$1 = 0.8194 euros Reporting by Victoria Bryan; editing by David Evans

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