Munich Re plans dividend of €24 per share for 2025 and resolves share buy-back with volume of up to €2,250mn

02/25/2026

Group

The Board of Management of Munich Reinsurance Company intends to propose to the Annual General Meeting a dividend of €24.00 per share for the 2025 financial year (consensus: €21.86). The Supervisory Board is to decide on the Board of Management’s dividend planning once the final business figures are available for 2025. 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 €2,250mn (excluding incidental expenses) in the period from 29 April 2026 until the Annual General Meeting on 29 April 2027 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 €5.3bn.

Munich Re

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 manager 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. Munich Re leverages its strengths to promote its clients’ business interests and technological progress. Moreover, Munich Re develops covers for new risks such as rocket launches, renewable energies, cyber risks and artificial intelligence. In the 2024 financial year, Munich Re generated insurance revenue of €60.8bn and a net result of €5.7bn. The Munich Re Group employed about 44,000 people worldwide as at 31 December 2024.

Disclaimer

This media information 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 of our Company, in particular the results, financial situation and performance. Munich Re assumes no liability to update these forward-looking statements or to conform them to future events or developments.