1 Min Read
(Corrects dividend to 8.60 from 8.61)
LONDON, Feb 7 (Reuters) - German reinsurer Munich Re raised its dividend for 2016 by more than 4 percent to 8.60 euros per share, above 8.51 forecast in a poll of analysts.
The world's largest reinsurer said on Tuesday preliminary net profit for 2016 was around 2.6 billion euros ($2.8 billion), down 16 percent from a year earlier and below consensus for 2.7 billion in a company-compiled consensus forecast.
Analysts on average had expected Munich Re to raise its dividend to 8.51 euros per share, from 8.25 a year ago.
$1 = 0.9349 euros Reporting by Carolyn Cohn; Editing by Maria Sheahan