Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (ETR:MUV2)

Germany · Delayed Price · Currency is EUR

510.80

-15.80 (-3.00%)

Apr 30, 2026, 5:35 PM CET

ETR:MUV2 Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	58,856	59,164	56,307	53,775	55,202
Investment Income	8,382	8,132	6,691	2,134	8,275
Total Other Revenues	-4,557	-6,142	-4,603	352	5,783
Revenue	62,681	61,154	58,395	56,261	69,260
Revenue Growth (YoY)	2.50%	4.72%	3.79%	-18.77%	8.23%
Insurance Benefits & Claims	40,772	42,468	41,433	40,601	45,383
Policy Amortization Costs	9,330	8,962	8,617	7,807	13,674
Other Operating Expenses	2,278	2,147	2,351	2,108	6,686
Operating Income	10,301	7,577	5,994	5,745	3,517
Interest Expense	-248	-207	-168	-179	-205
Other Non-Operating Income (Expense)	-1,425	421	-292	1,067	171
Total Non-Operating Income (Expense)	-1,673	214	-460	888	-34
Pretax Income	8,628	7,791	5,534	6,633	3,483
Provision for Income Taxes	2,507	2,100	936	1,324	552
Net Income	6,118	5,704	4,606	5,313	2,933
Minority Interest in Earnings	3	-14	-9	-3	-1
Net Income to Common	6,118	5,704	4,606	5,313	2,933
Net Income Growth	7.26%	23.84%	-13.31%	81.15%	142.20%
Shares Outstanding (Basic)	130	133	136	139	140
Shares Outstanding (Diluted)	130	133	136	139	140
Shares Change (YoY)	-2.36%	-2.27%	-2.43%	-0.53%	-0.13%
EPS (Basic)	47.15	42.93	33.88	38.12	20.93
EPS (Diluted)	47.15	42.93	33.88	38.12	20.93
EPS Growth	9.83%	26.71%	-11.12%	82.13%	142.53%
Shares Outstanding	127.96	131.41	134.6	137.64	140.1
Free Cash Flow	4,742	2,976	2,395	3,832	5,226
Free Cash Flow Growth	59.34%	24.26%	-37.50%	-26.67%	-27.61%
Free Cash Flow Per Share	36.55	22.40	17.61	27.50	37.30
Dividends Per Share	24.000	20.000	15.000	11.600	11.000
Dividend Growth	20.00%	33.33%	29.31%	5.46%	12.25%
Operating Margin	16.43%	12.39%	10.26%	10.21%	5.08%
Profit Margin	9.77%	9.30%	7.87%	9.44%	4.23%
FCF Margin	7.57%	4.87%	4.10%	6.81%	7.55%
EBITDA	10,660	7,952	6,311	8,618	3,517
EBITDA Margin	17.01%	13.00%	10.81%	15.32%	5.08%
EBIT	10,301	7,577	5,994	5,745	3,517
EBIT Margin	16.43%	12.39%	10.26%	10.21%	5.08%
Effective Tax Rate	29.06%	26.95%	16.91%	19.96%	15.85%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.