Munich Re plans dividend of €15 per share for 2023 and resolves share buy-back with volume of up to €1.5bn

2024/02/26

Group

The Board of Management of Munich Reinsurance Company intends to propose to the Annual General Meeting a dividend of €15.00 per share for the 2023 financial year (consensus: €12.49). The Supervisory Board is to decide on the Board of Management’s dividend planning once the final business figures are available for 2023. The dividend payment is subject to the resolution of the Annual General Meeting.

In addition, the Board of Management has resolved to purchase own shares amounting to a maximum value of €1.5bn (excluding incidental expenses) in the period from 26 April 2024 until the Annual General Meeting on 30 April 2025 at the latest. The repurchased shares are to be retired. The share buy-back programme is subject to the approval of the Praesidium and Sustainability Committee of the Supervisory Board.

Munich Re’s capital repatriation thus totals €3.5bn.

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the asset management company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake through Hurricane Ian in 2022. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies or cyberattacks. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

Disclaimer
This media release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to make them conform to future events or developments.