Munich Re posts quarterly result of €2.1bn

Munich Re recorded a strong second quarter 2025. The Group’s preliminary net profit of approximately €2.1bn significantly surpassed analysts’ consensus estimate of €1.624bn* for Q2 2025.

This result was buoyed by encouraging operational performance overall and very low major-loss expenditure in property-casualty reinsurance. In the Global Specialty Insurance division, major losses were likewise far below the average expectation. Munich Re furthermore achieved a strong investment result overall.

ERGO’s Q2 result was in line with expectations. Despite ongoing very good operational performance, the result in life and health reinsurance was impacted by a random accumulation of individual major losses. In addition, further depreciation of the US dollar led to a negative currency result for the Group.

Based on the net result of approximately €3.2bn for the first six months, Munich Re continues to expect a net result of €6bn for the 2025 financial year.

Munich Re will provide final Q2 2025 results on 8 August 2025 as scheduled.