German reinsurance group Munich Re on Tuesday said losses on shares and other securities caused profits in the second quarter to slump to €768 million ($783 million) compared to €1.11 billion in the prior year. Earnings per share was €5.50 compared to €7.89. The operating result was €763 million, compared with €1.55 billion last year. For 2022, Munich Re now expects its investment results to represent a return of more than 2%, revised downward from a previous forecast of more than 2.5%. The company noted that the other targets previously communicated for 2022 remain unchanged. Munich Re is sti…