At global reinsurer Munich Re’s Annual General Meeting (AGM), the above consensus dividend proposal of €24 per share for 2025 was approved, as CEO and Chair of the Board of Management, Christoph Jurecka, noted the company’s “excellent financial position” after a record high net result of €6.1 billion in 2025.
In late February, we reported that Munich Re’s Board intended to propose a dividend of €24 per share for 2025, which was approved at the firm’s recently held AGM. This is above the 2024 dividend of €20 per share and comfortably above consensus for the 2025 financial year.
“In 2025, we added a milestone to Munich Re’s history: on an annual basis, we were financially stronger than ever before. At the same time, we achieved all the targets of our multi-year Ambition 2025 strategy programme. And our new Ambition 2030 strategy defines the path to sustain our success story well into the future,” said Jurecka.
Under Munich Re’s Ambition 2030 strategy, the reinsurer intends to reach even higher peaks in every respect, and will push to boost revenue, profitability, and efficiency.
As reported previously, Munich Re expects its return on equity to exceed 18%, and its earnings per share to grow by more than 8% annually through 2030. At the same time, the firm envisions an increasing total payout ratio to surpass 80% per year, and its Solvency II ratio to consistently remain above 200%.
During his address to shareholders, Jurecka explained that Munich Re’s focus on becoming a diversified insurance group with offerings across reinsurance, primary insurance, and specialty insurance at scale, will deepen.
Jurecka also highlighted the important role insurance and reinsurance plays in the global community amid instability in many parts of the world, adding that Munich Re’s very strong financial position and excellence are essential to the Group fulfilling its role in society.
“Insurance is society’s immune system. Insurance protects people, mitigates financial losses, and enables progress,” he said.
