0801 GMT - Munich Re's net profit guide for 2025 is less restrained and materially exceeds Jefferies' expectations, analyst Philip Kett says in a research note. The German reinsurer expects to make 6 billion euros next year compared with its 5 billion euro guidance for 2024. "Our assumption had been that management would opt for a prudently low forecast, one that was lower than consensus (which forecasts 5.9 billion euros)," he writes. The group will eventually achieve 6.1 billion euros in net profit in the coming year, Jefferies says. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
December 13, 2024 03:01 ET (08:01 GMT)
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