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Munich Re Q2 profit falls YOY

Munich Re reported second-quarter consolidated profit attributable to equity holders of €729 million under International Financial Reporting Standards, down 25.1% from the restated €974 million in the year-ago period.

EPS fell to €4.71 from €6.05. The S&P Capital IQ consensus normalized EPS estimate for the quarter based on four analysts' reporting was €4.31.

More details to follow.