P&C helps Munich Re beat consensus

Munich Re's group operating profits surpassed analyst
expectations as they fell by a fifth year-on-year in the second
quarter to EUR1.16bn ($0.89bn).
In a consensus estimate analysts had targeted an operating
result of EUR1.03bn.
Earnings per share fell by 22.2 percent from the same period of
last year to EUR4.71, but remained above analyst expectations of
EUR4.32.
Group gross written premium levels were down 1.1 percent to
EUR11.8bn in the three months to 30 June.
In Munich Re's P&C reinsur