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Munich Re Q2 net profit up 36%, maintains 2019 profit forecast

FRANKFURT, Aug 7 (Reuters) - German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019.

Net profit was 993 million euros ($1.11 billion), up from 728 million euros a year ago. Last month, the company had already said that it expected to post a net profit of about 1 billion euros.

($1 = 0.8925 euros) (Reporting by Tom Sims Editing by Thomas Seythal)