* 2021 pandemic impact will be limited
* Company had already flagged stronger-than-expected quarter
FRANKFURT, May 6 (Reuters) - The German reinsurance group
Munich Re said on Thursday it was on track for its
2021 profit target after stronger than expected first-quarter
The company, whose profit plunged in 2020 as a result of the
pandemic, said that the impact in 2021 would be limited.
Despite a cold spate in the United States that resulted in
big claims in the period, "We are nevertheless on track to meet
our annual target of 2.8 billion euros ($3.36 billion) thanks
to robust operating earnings," said finance chief Christoph
The company had already flagged last month
stronger-than-expected first-quarter profit.
Net profit in the three month period was 589 million euros,
up from 221 million a year earlier.
($1 = 0.8328 euros)
(Reporting by Tom Sims
Editing by Riham Alkousaa and Caroline Copley)