Financial Information
properties.trackTitle
properties.trackSubtitle
Munich Re America Corporation is the holding company for various reinsurance and insurance entities which provide reinsurance, insurance and related services to insurance companies, commercial businesses, government agencies, and self-insurers in the United States.
Munich Reinsurance America Inc. is the holding company's principal subsidiary. Based in Delaware and founded in 1917, Munich Reinsurance America Inc. primarily underwrites property and casualty reinsurance.
Other wholly-owned subsidiaries of Munich Re America Corporation include American Alternative Insurance Corporation (AAIC), The Princeton Excess and Surplus Lines Insurance Company (PESLIC), and Bridgeway Insurance Company (BIC), Digital Advantage Insurance Company (DAIC) is a direct wholly-owned subsidiary of Munich Re Digital Partners US Holding Corporation. MRAm, AAIC, PESLIC, BIC and DAIC are collectively referred to as the “Companies”.
AAIC is an insurance company domiciled in the state of Delaware and is an admitted insurer in all 50 states and the District of Columbia. PESLIC is a Delaware domestic surplus lines insurer and operates on a surplus lines basis in all states and the District of Columbia. BIC is domiciled in Delaware and is eligible to write insurance on a non-admitted basis in all states. DAIC is domiciled in Delaware and is licensed as an admitted insurer to write property and casualty insurance or reinsurance in forty-eight states and the District of Columbia.
The Companies combined statutory financial highlights can be found below. Also, the ratings for Munich Re America, Inc. by A.M. Best, Fitch, and Standard & Poor’s are also listed below.
Key Figures
We offer superior reinsurance capacity to meet your risk transfer needs. We have over $6.8bn in statutory surplus and over $25.3bn in high-quality assets to provide our clients with outstanding balance sheet strength, stability and the liquidity to pay claims promptly. Our financial strength is recognized by the leading rating agencies.
With approximately $8.3bn in annual gross written premiums in 2025, we are one of the largest (re)insurers in the U.S. We have both the resources and broad risk appetite to deliver reinsurance and specialty insurance solutions to help your company succeed.
| Selected statutory financial data* | ||||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | 2023 | 2022 | 2021 | ||
| Gross premiums written | $m | 8,347 | 8,223 | 6,712 | 7,200 | 7,650 |
| Net premiums written | $m | 7,699 | 7,705 | 6,124 | 6,673 | 7,481 |
| Net premiums earned | $m | 7,412 | 7,255 | 5,744 | 7,398 | 6,489 |
| Loss & LAE incurred | $m | 4,852 | 5,009 | 3,628 | 5,440 | 5,070 |
| Underwriting expense | $m | 2,729 | 2,702 | 1,929 | 2,317 | 2,590 |
| Underwriting result | $m | -170 | -456 | 186 | -359 | -1,171 |
| Net income | $m | -388 | -19 | 456 | 615 | -730 |
| Statutory Ratios | ||||||
| Loss & LAE ratio | % | 69.5 | 69.0 | 63.2 | 73.5 | 78.1 |
| Underwriting expense ratio | % | 35.4 | 35.1 | 31.5 | 34.7 | 34.6 |
| Combined ratio | % | 100.9 | 104.1 | 94.7 | 108.2 | 112.8 |
| Balance Sheet data* | ||||||
|---|---|---|---|---|---|---|
| 12.31.2025 | 12.31.2024 | 12.31.2023 | 12.31.2022 | 12.31.2021 | ||
| Total admitted assets | $m | 25,359 | 23,696 | 21,781 | 21,876 | 20,816 |
| Policyholders’ surplus | $m | 6,826 | 5,942 | 5,526 | 5,034 | 4,384 |
| NAIC RBC ratio** | % | 337 | 297 | 285 | 250 | 223 |
Ratings
We hold some of the industry's highest Insurer financial strength ratings:
| Ratings of Munich Reinsurance America, Inc. | |||
|---|---|---|---|
| Rating agency | Rating | Outlook | Last reviewed/affirmed |
| A.M. Best | A+ (Superior) | Stable | 17 July 2025 |
| Fitch | AA (Very Strong) | Stable | 10 October 2025 |
| S&P Global Ratings | AA (Very Strong) | Stable | 30 April 2025 |