Dividend Notice 2017

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Dividend Notice 2017

Münchener Rückversicherungs-Gesellschaft
Aktiengesellschaft in München

– ISIN DE0008430026 (WKN 843 002) –

Dividend Notice

On 26 April 2017, the Annual General Meeting of Münchener Rückversicherungs-Gesellschaft resolved that the net retained profits for 2016 of €1,753,507,758.53 be utilised as follows:

Payment of a dividend of €8.60 on each dividend-bearing share €1,333,240,008.80
Allocation to the revenue reserves €368,444,244.33
Carried forward to new account €51,823,505.40
Net retained profits €1,753,507,758.53

The dividend, which will be subject to deduction of 25% German withholding tax, 5.5% solidarity surcharge on the tax withheld (a total of 26.375%) and, where applicable, also church tax on the tax withheld, will be paid out as from 2 May 2017 as follows:

  • For registered shares held in joint custody in the German giro transfer system, the dividend will be paid via Clearstream Banking AG, Frankfurt am Main, to the shareholders' banks, which will credit the relevant amounts to the shareholders' accounts.
  • Payment for shares still held in certificated form will be made against submission of Dividend Coupon No. 20 to the paying agent, UniCredit Bank AG or one of its branches.


For shareholders subject to taxation in Germany, the dividend will be paid out without deduction of withholding tax, solidarity surcharge and, where applicable, church tax if they have provided their depository bank with a "Nichtveranlagungsbescheinigung" (certificate from the competent German tax authority confirming that they are not subject to a German tax assessment procedure). The same applies in whole or in part to shareholders who have submitted an exemption application form to their depository bank, provided that the tax exemption amounts allowed for in this application have not already been exhausted by other investment income.

For foreign shareholders, the withholding tax and the solidarity surcharge withheld may be reduced pursuant to the existing agreements for the avoidance of double taxation between the Federal Republic of Germany and the respective foreign country. Applications for the refund of withholding tax must be submitted to the German Federal Central Tax Office, 53225 Bonn, Germany, no later than 31 December 2021.

Munich, April 2017

The Board of Management

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