EQS-Adhoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: Munich Re announces new Ambition 2030 multi-year strategy and 2026 financial targets
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EQS-Ad-hoc: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München / Key word(s): Forecast As outlined in its new multi-year strategy, Munich Re is aiming for sustained profit growth and high profit participation for shareholders. By the end of 2030, the return on equity is expected to lie above 18% and earnings per share to grow annually by more than 8% on average. Ambition 2030 furthermore envisages a total payout ratio1 greater than 80% per year and a solvency ratio above 200%.
Munich Re will pursue an IFRS net profit of €6.3bn in 2026 (consensus: €6.35bn) thanks to consistently good operational performance in all business segments. Group insurance revenue is expected to total €64bn (consensus: €62bn) in 2026 and return on investment to improve to above 3.5%. In its reinsurance field of business, Munich Re anticipates that net profit will amount to €5.4bn in 2026 (consensus: €5.2bn). In an ongoing favourable market environment, Munich Re will continue to leverage its strong market position. The combined ratios are expected to remain at high levels of profitability: 80% (consensus: 80%) in property-casualty reinsurance and 90% (consensus: 89%) in Global Specialty Insurance (GSI). In life and health reinsurance, Munich Re projects a total technical result of €1.9bn in 2026 (consensus: €1.9bn). The ERGO field of business is expected to continue its strong performance of recent years with a segment result of €0.9bn (consensus: €1.0bn). A combined ratio of 89% (consensus: 89%) is envisaged at ERGO Germany; ERGO International will likewise aim for a combined ratio of 89% (consensus: 89%). Please note that all figures are rounded values. As usual, all forecasts and targets are subject to increased uncertainties stemming from geopolitical and macroeconomic developments, to major losses remaining within normal bounds, and to the income statement not being impacted by severe fluctuations in the currency or capital markets, significant changes in the tax environment, or other one-off effects. Munich Re will communicate the details of its new Ambition 2030 strategy programme to the public on 11 December 2025. 1 Total payout ratio is defined as the sum of announced dividend and share buy-back divided by IFRS net result. Contact: Dr. Stefan Gehring General Counsel & Group Compliance Officer End of Inside Information
10-Dec-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München |
| Königinstraße 107 | |
| 80802 München | |
| Germany | |
| Phone: | +49(0) 89 3891-0 |
| Fax: | +49(0) 89 399 056 |
| E-mail: | shareholder@munichre.com |
| Internet: | www.munichre.com |
| ISIN: | DE0008430026, DE0008430026 |
| WKN: | 843002, 843002 |
| Indices: | DAX, EURO STOXX 50 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange; Mailand |
| EQS News ID: | 2243452 |
| End of Announcement | EQS News Service |
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2243452 10-Dec-2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 51.457,00 | 54.890,00 | 59.567,00 | 67.133,00 | 57.884,00 | 60.830,00 | 64.000,00 | |
| EBITDA1,2 | 4.004,00 | 1.986,00 | 3.517,00 | 4.087,00 | 6.019,00 | 8.344,00 | 0,00 | |
| EBITDA-Margin3 | 7,78 | 3,62 | 5,90 | 6,09 | 10,40 | 13,72 | 0,00 | |
| EBIT1,4 | 4.004,00 | 1.986,00 | 3.517,00 | 3.582,00 | 5.702,00 | 7.969,00 | 0,00 | |
| EBIT-Margin5 | 7,78 | 3,62 | 5,90 | 5,34 | 9,85 | 13,10 | 0,00 | |
| Net Profit (Loss)1 | 2.707,00 | 1.211,00 | 2.932,00 | 3.419,00 | 4.597,00 | 5.671,00 | 6.200,00 | |
| Net-Margin6 | 5,26 | 2,21 | 4,92 | 5,09 | 7,94 | 9,32 | 9,69 | |
| Cashflow1,7 | 9.493,00 | 7.219,00 | 5.226,00 | -7.644,00 | 2.543,00 | 3.143,00 | 0,00 | |
| Earnings per share8 | 18,97 | 8,63 | 20,93 | 24,63 | 33,88 | 42,78 | 45,50 | |
| Dividend per share8 | 9,80 | 9,80 | 11,00 | 11,60 | 15,00 | 20,00 | 20,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Ernst & Young
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
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| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 843002 | DE0008430026 | AG | 72.899,95 Mio € | 20.01.1948 | Halten | 8FWH5H4Q+G5 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 11,95 | 13,88 | 0,86 | 24,48 | 2,43 | 23,19 | 1,20 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 15,00 | 20,00 | 20,00 | 3,58% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 29.04.2026 | 12.05.2026 | 07.08.2026 | 11.11.2025 | 19.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +2,59% | -0,28% | +14,56% | +13,85% | +0,00% |
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