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CORRECTED-Munich Re Q2 profit around 1.1 billion euros, beating expectations

(Corrects headline to say Q2, not Q1)

FRANKFURT, July 20 (Reuters) - The reinsurer Munich Re said on Tuesday that it posted a preliminary net profit in the second quarter of around 1.1 billion euros ($1.29 billion), better than analyst expectations.

The company said that it was “well on track” to meet its annual profit target of 2.8 billion euros. ($1 = 0.8498 euros) (Reporting by Tom Sims; Editing by Douglas Busvine)

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