Munich Re (ETR: MUV2)

Munich Re Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	64,732	68,452	63,860	58,639	57,310
Revenue Growth (YoY)	-5.43%	7.19%	8.90%	2.32%	11.11%
Gross Profit	64,732	68,452	63,860	58,639	57,310
Selling, General & Admin	8,617	3,399	3,003	2,841	3,325
Other Operating Expenses	-17,137	-67,548	-64,455	-59,941	-57,658
Operating Expenses	17,137	-64,149	-61,452	-57,100	-54,333
Operating Income	365	4,303	2,408	1,539	2,977
Interest Income	5,029	1,937	1,656	2,319	2,179
Interest Expense	168	286	336	339	363
Other Expense / Income	-316	1,942	243	2,039	1,586
Pretax Income	5,177	4,007	3,482	1,481	3,191
Income Tax	936	580	552	269	483
Net Income	4,606	3,432	2,933	1,211	2,724
Net Income Growth	34.21%	17.01%	142.20%	-55.54%	17.92%
Shares Outstanding (Basic)	136	139	140	140	144
Shares Outstanding (Diluted)	136	139	140	140	144
Shares Change	-2.43%	-0.52%	-0.13%	-2.33%	-3.41%
EPS (Basic)	33.87	24.63	20.94	8.63	18.96
EPS (Diluted)	33.87	24.63	20.94	8.63	18.96
EPS Growth	37.52%	17.62%	142.64%	-54.48%	22.09%
Free Cash Flow	5,483	-18,315	5,226	7,219	15,680
Free Cash Flow Per Share	40.32	-131.42	37.30	51.46	109.16
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	0.56%	6.29%	3.77%	2.62%	5.19%
Profit Margin	7.12%	5.01%	4.59%	2.07%	4.75%
Free Cash Flow Margin	8.47%	-26.76%	8.18%	12.31%	27.36%
Effective Tax Rate	18.08%	14.47%	15.85%	18.16%	15.14%
EBITDA	659	4,298	2,408	1,539	2,977
EBITDA Margin	1.02%	6.28%	3.77%	2.62%	5.19%
Depreciation & Amortization	294	321	298	289	300
EBIT	365	3,977	2,110	1,250	2,677
EBIT Margin	0.56%	5.81%	3.30%	2.13%	4.67%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.