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Munich Re reports earnings of 3.2bn € for 2012.
Equity in 2011 was 23.3bn €, so ROE is approx. 14%

http://www.ft.com/intl/cms/s/0/b78cf2ac-6f64-11e2-b906-00144...


"Munich Re exceeded profit expectations after a year relatively free of big catastrophe losses for Europe’s largest reinsurer by premiums.
Net income for 2012 will be about €3.2bn, Munich Re said, surpassing a forecast of €3bn made in November.

In spite of Sandy, the storm that hit New York in the fourth quarter, Munich Re said the burden from big disaster claims was slightly below average in 2012 following unusually low payouts in the first nine months. Sandy itself cost €800m before tax, Munich Re said, but natural catastrophe losses were €1.3bn for the full year compared with €4.5bn in 2011."
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