Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (BIT:1MUV2)

BIT:1MUV2 Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	-	140,849	138,187	133,260	141,423
Investments in Equity & Preferred Securities	5,259	15,648	18,356	15,753	19,611
Policy Loans	-	-	-	-	183
Other Investments	215,744	61,125	49,314	44,416	9,980
Total Investments	230,684	227,811	215,241	203,047	187,937
Cash & Equivalents	5,502	6,050	5,500	6,380	5,403
Reinsurance Recoverable	3,616	4,123	4,014	3,892	10,337
Other Receivables	13,560	11,126	12,145	9,766	59,893
Deferred Policy Acquisition Cost	-	-	-	-	9,937
Separate Account Assets	-	-	-	-	12,283
Property, Plant & Equipment	2,015	4,480	4,318	4,224	2,564
Goodwill	4,800	3,443	3,184	3,240	3,092
Other Intangible Assets	1,143	893	1,028	1,043	1,006
Restricted Cash	-	66	95	59	1,859
Other Current Assets	1,049	4,224	5,198	5,789	564
Long-Term Deferred Tax Assets	1,596	2,664	2,743	2,862	503
Long-Term Deferred Charges	-	285	272	248	219
Other Long-Term Assets	15,969	21,350	20,055	28,841	16,808
Total Assets	279,934	286,515	273,793	269,391	312,405
Accrued Expenses	-	622	655	524	1,007
Insurance & Annuity Liabilities	131,810	134,678	135,124	138,779	127,328
Unpaid Claims	83,898	89,702	81,167	76,283	81,671
Unearned Premiums	-	-	-	-	13,474
Reinsurance Payable	298	523	436	262	13,203
Current Income Taxes Payable	2,667	2,179	2,657	1,569	1,845
Long-Term Debt	7,434	6,990	5,891	6,095	6,364
Long-Term Leases	-	400	437	356	433
Long-Term Deferred Tax Liabilities	1,381	1,973	2,241	1,751	1,300
Separate Account Liability	-	-	-	-	8,998
Other Current Liabilities	654	4,392	4,352	4,735	3,751
Other Long-Term Liabilities	18,372	9,819	8,556	9,397	18,329
Total Liabilities	246,514	253,770	244,021	242,146	281,460
Common Stock	7,420	577	579	577	587
Additional Paid-In Capital	-	6,845	6,845	6,845	6,845
Retained Earnings	26,637	24,822	22,512	20,693	16,755
Comprehensive Income & Other	-810	397	-286	-1,022	6,642
Total Common Equity	33,247	32,641	29,650	27,093	30,829
Minority Interest	173	104	122	152	116
Shareholders' Equity	33,420	32,745	29,772	27,245	30,945
Total Liabilities & Equity	279,934	286,515	273,793	269,391	312,405
Filing Date Shares Outstanding	128.4	131.41	134.6	137.64	140.1
Total Common Shares Outstanding	128.4	131.41	134.6	137.64	140.1
Total Debt	7,434	7,390	6,328	6,451	6,797
Net Cash (Debt)	-1,932	-1,340	-828	-71	-1,394
Net Cash Per Share	-14.89	-10.08	-6.09	-0.51	-9.95
Book Value Per Share	258.94	248.40	220.28	196.84	220.05
Tangible Book Value	27,304	28,305	25,438	22,810	26,731
Tangible Book Value Per Share	212.65	215.40	188.99	165.72	190.80
Machinery	-	1,107	1,044	1,034	962
Construction In Progress	-	39	35	24	14

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.