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CORRECTED-Munich Re posts 2016 net income of 2.6 bln euros, raises dividend
February 7, 2017 / 6:45 AM / 7 months ago

CORRECTED-Munich Re posts 2016 net income of 2.6 bln euros, raises dividend

(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

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