Münchener Rück/€MUV2

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About Münchener Rück

Munich Re, officially known as Münchener Rückversicherungs-Gesellschaft, is a global provider of reinsurance, primary insurance, and insurance-related risk solutions. Founded in 1880 and headquartered in Munich, Germany, the company operates in all lines of insurance and has a vast client base that includes insurance companies, mid-sized to large organizations, and public sector clients. Munich Re is listed on the Frankfurt Stock Exchange under the ticker symbol MUV2 and is a constituent of the DAX index.
Ticker
€MUV2
Sector
Finance
Primary listing
XETRA
Employees
44,595
Headquarters
Munich, Germany

Münchener Rück Metrics

BasicAdvanced
€64B
9.52
€53.72
0.33
€24.00
4.69%

What the Analysts think about Münchener Rück

Analyst ratings (Buy, Hold, Sell) for Münchener Rück stock.
Analyst projections of the future price of Münchener Rück stock.

Bulls say / Bears say

Q2 net profit rose 6% year-on-year to €2.211 billion, lifting first-half net result to €3.925 billion and reinforcing confidence in meeting the €6.3 billion FY 2026 net-result target. (Reuters)
Major-loss expenditure amounted to just 4.9% of insurance revenue in Q2—well below the long-term budgeted level of 18%—supporting a property-casualty combined ratio of 68.9%. (Reuters, Munich Re)
The investment result delivered a 5.5% return on invested assets in H1 2026, exceeding the 3.5% target and reflecting robust asset-management in a rising-yield environment. (Munich Re)
Risk-adjusted pricing fell 5.5% and reinsurance volume dropped 9.1% in the July 1 renewals, prompting Munich Re to trim its full-year insurance revenue outlook to €38 billion from €40 billion. (Reuters)
CFO Andrew Buchanan indicated that the €40 billion property-casualty reinsurance revenue target may be scaled back as the H2 2026 pipeline is reviewed. (Reuters)
Munich Re has raised its major-loss budget to 18% of premiums from 17%, which—against a backdrop of lower rate levels—could exert upward pressure on the combined ratio. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 5 Sept 2026.

Münchener Rück Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Münchener Rück Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Münchener Rück

AllEURGBPUSD
Funds
Fund name
Fund size
€MUV2 weighting
iShares DivDAX€EXSB
€562M10.64%
iShares STOXX Europe 600 Insurance€A0H08K
€603M8.29%
Amundi DAX II£DAXX
£572M4.42%
iShares Dax ESG€EXIA
€127M4.12%
Amundi DAX III€DAX
€658M3.85%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.