Munich Re raises dividend despite results falling short of expectations

The reinsurer's net profit was €2.6bn for 2016, down from €3.1bn in 2015 and below analyst predictions for this year of €2.7bn. The reinsurer sustained losses of €232m for Hurricane Matthew and €251m for an earthquake in New Zealand. Discussing the proposed increase in the dividend, Jörg Schneider, chief financial officer of Munich Re said: "Munich Re is sticking to its shareholder-friendly and sustainable dividend policy. We are sure that we will be able to maintain this level of divid...