Munich Re's shares fell by 5% after reporting a significant drop in first-quarter net profit, down to €1.09 billion from €2.12 billion the previous year, primarily due to major claims and market volatility. Wildfires in Los Angeles caused a €1.1 billion loss. Despite these challenges, CFO Christoph Jurecka highlighted the company's resilience and reaffirmed a profit guidance of €6 billion for 2025, supported by strong growth in ERGO's international business. Teljes cikk (Euronews.com)