MUNICH (dpa-AFX) - Munich Re, the world's largest reinsurer, is remaining cautious with its profit forecast, as expected, despite a very good result in the second quarter. "Our profit target for the year as a whole remains unchanged at EUR 5.0 billion," said Group CEO Joachim Wenning on Thursday when presenting the figures for the second quarter in Munich. "However, the chances of achieving or even exceeding this target have increased further thanks to the strong half-year results." In the first six months of the year, Munich Re earned 3.76 billion euros, 55 percent more than a year ago, partly due to good business on the capital markets. The company thus exceeded experts' expectations. They had also expected that Munich Re would not raise its profit target due to the risks of the upcoming hurricane season in the United States./zb/mis