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

Germany · Delayed Price · Currency is EUR

474.30

-11.50 (-2.37%)

May 21, 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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	58,454	58,856	59,164	56,307	53,775	55,202
Investment Income	11,811	14,470	13,990	11,720	6,396	8,275
Total Other Revenues	-5,666	-4,557	-6,142	-4,603	352	5,783
Revenue	64,599	68,769	67,012	63,424	60,523	69,260
Revenue Growth (YoY)	1.72%	2.62%	5.66%	4.79%	-12.62%	8.23%
Insurance Benefits & Claims	39,246	40,772	42,468	41,433	40,601	45,383
Policy Amortization Costs	9,324	9,330	8,962	8,617	7,807	13,674
Other Operating Expenses	3,450	3,703	1,726	2,643	1,041	6,424
Operating Income	9,641	8,876	7,998	5,702	6,812	3,517
Interest Expense	-255	-248	-207	-168	-179	-205
Other Non-Operating Income (Expense)	-	-	-	-	-	-91
Total Non-Operating Income (Expense)	-255	-248	-207	-168	-179	-296
Pretax Income	9,386	8,628	7,791	5,534	6,633	3,221
Provision for Income Taxes	2,208	2,507	2,100	936	1,324	552
Net Income	6,733	6,118	5,704	4,606	5,313	2,933
Minority Interest in Earnings	9	3	-14	-9	-3	-1
Net Income to Common	6,733	6,118	5,704	4,606	5,313	2,933
Net Income Growth	45.86%	7.26%	23.84%	-13.31%	81.15%	142.20%
Shares Outstanding (Basic)	129	130	133	136	139	140
Shares Outstanding (Diluted)	129	130	133	136	139	140
Shares Change (YoY)	-2.36%	-2.36%	-2.27%	-2.43%	-0.53%	-0.13%
EPS (Basic)	52.19	47.15	42.93	33.88	38.12	20.93
EPS (Diluted)	52.19	47.15	42.93	33.88	38.12	20.93
EPS Growth	50.45%	9.83%	26.71%	-11.12%	82.13%	142.53%
Shares Outstanding	127.96	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	24.000	20.000	15.000	11.600	11.000
Dividend Growth	-	20.00%	33.33%	29.31%	5.46%	12.25%
Operating Margin	14.92%	12.91%	11.94%	8.99%	11.26%	5.08%
Profit Margin	10.44%	8.90%	8.49%	7.25%	8.77%	4.23%
FCF Margin	-	6.90%	4.44%	3.78%	6.33%	7.55%
EBITDA	9,641	9,235	8,373	6,019	9,685	3,517
EBITDA Margin	14.92%	13.43%	12.49%	9.49%	16.00%	5.08%
EBIT	9,641	8,876	7,998	5,702	6,812	3,517
EBIT Margin	14.92%	12.91%	11.94%	8.99%	11.26%	5.08%
Effective Tax Rate	23.52%	29.06%	26.95%	16.91%	19.96%	17.14%

Updated May 12, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.