Munich ReMunich Re operating metrics behind the KPI charts, newest period first (up to 24 periods per chart). Periods use each company's own fiscal labels where the source does; each table names its source.
| Period | Reinsurance | ERGO (Primary) |
|---|---|---|
| FY 2024 | 50.2 | 21 |
| FY 2023 | 47.8 | 20.1 |
| FY 2022 | 47.4 | 19 |
| FY 2021 | 41.3 | 18.2 |
| FY 2020 | 35.8 | 18 |
Source: Munich Re annual reports (Group Financial Report), segment data
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| Year | ERGO Germany P&C (%) | ERGO International (%) | IFRS Basis |
|---|---|---|---|
| 2018 | 96 | 94.6 | |
| 2019 | 92.3 | 94.3 | |
| 2020 | 92.4 | 92.7 | |
| 2021 | 92.4 | 92.9 | |
| 2022 (IFRS 4) | 90.6 | 94.3 | |
| 2023 (IFRS 17) | 87 | 90 | |
| 2024 (IFRS 17) | 89.2 | 91.9 | |
| 2025 (IFRS 17) | 88.9 | 90 |
| Year (IFRS 17) | Budget (%) | Actual (%) |
|---|---|---|
| 2023 | 13.5 | 12.6 |
| 2024 | 14 | 15 |
| 2025 (budget raised to 17%) | 17 | 9.4 |
| Year | Industry Insured Loss ($B) | Munich Re Share ($B) |
|---|---|---|
| 2017 | 150 | 4.3 |
| 2024 | 140 | 3.6 |
| 2021 | 130 | 3.4 |
| 2022 | 125 | 4.2 |
| 2011 | 105 | 5 |
Münchener Rückversicherungs-Gesellschaft is officially founded in Munich on 3 April 1880, with Carl Thieme as co-founder and Chair; premium income in its first year is around a million marks (Munich Re, The early years 1880-1914).
San Francisco is hit by an earthquake and fire on 18 April 1906; Munich Re's share of the loss amounts to 11 million marks (Munich Re, The early years 1880-1914).
Munich Re completes its acquisition of American Re Corporation on November 25, 1996, at $65.00 per share in cash, an aggregate $3,278.3 million (American Re Corporation, Form 10-K405 for 1996).
D.A.S., Hamburg-Mannheimer, DKV and Victoria merge to form the ERGO Insurance Group in 1997 (Munich Re, Realignment of the Group structure 1996-2008).
Munich Re reports that Hurricane Sandy, its biggest loss event of 2012, cost it around €800m net before tax (Munich Re, press release, February 5, 2013).
Joachim Wenning takes over as Chairman of the Board of Management of Munich Re on April 27, 2017, succeeding Nikolaus von Bomhard, who headed the Group for over thirteen years (Munich Re, media release, April 26, 2017).
Munich Re reports on August 5, 2020 that it incurred COVID-19-related losses of around €1.5bn in reinsurance in the first half of 2020 (Munich Re, Half-Year Financial Report 2020).
Munich Re reports on February 23, 2022 that its 1 January 2022 reinsurance renewals raised written business volume to €14.8bn (+14.5%) and portfolio prices by 0.7%, a risk-adjusted figure (Munich Re, media release, February 23, 2022).
Munich Re reports on February 23, 2023 that its 1 January 2023 reinsurance renewals raised written business volume to €15.3bn (+1.3%) and portfolio prices by 2.3%, a risk-adjusted figure (Munich Re, media release, February 23, 2023).
Munich Re's 1 January 2025 reinsurance renewals: volume written declines 2.4% to €15.6bn and the portfolio price level slips 0.6%, which the company calls a good price level (Munich Re media release, Feb 26 2025).
Munich Re reports FY2024 on Feb 26 2025: a net result of €5,671m (€5.7bn), up from €4,597m in 2023 (Munich Re, media release, Feb 26 2025).
Munich Re and NEXT Insurance sign a definitive agreement on Mar 19 2025 for Munich Re's full acquisition of NEXT Insurance, which becomes part of ERGO, at a valuation of $2.6B for 100% of the shares; ERGO already held about 29%. ERGO announces completion of the acquisition on Jul 1 2025, giving it entry to the US market through NEXT (ERGO Group, media information, Mar 20 2025 and Jul 1 2025).
Munich Re's 1 January 2026 reinsurance renewals: volume written drops 7.8% to €13.7bn and prices fall 2.5% overall, though Munich Re says its price level remains good (media release, Feb 26 2026).
Munich Re reports FY2025 results on Feb 26 2026: a record net result of €6.1bn (€6,121m) against €5,690m a year earlier, above its €6bn target, with reinsurance contributing €5,204m and ERGO €917m. Munich Re guides a 2026 net result of €6.3bn and proposes a dividend of €24 per share (+20%) (Munich Re, media release, Feb 26 2026).