Despite the hit from the fires, Munich Re expects net profit for 2025 to rise to 6 billion euros from 5.7 billion euros in 2024. ($1 = 0.9535 euros) (Reporting by Tom Sims and Alexander Huebner ...

Munich Re on Wednesday stood by its profit target for 2025 and raised its dividend by a third, despite announcing it expected to take a €1.2bn hit from claims from the California wildfires.