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Munich Re projects €850M consolidated result for Q3

Munich Re expects to report a consolidated result of approximately €850 million in the third quarter, despite "high major-loss expenditure."

The German reinsurer attributed its expected earnings figures to "good operational performance, strong currency gains and a very good investment result."

The company also anticipates beating its consolidated result target of €2.5 billion for 2019, despite "considerable uncertainties" about developments in major losses and the capital markets during the rest of the year.

Munich Re is scheduled to release its third-quarter results on Nov. 7.