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

ETR:MUV2 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	-	146,603	149,927	146,693	133,260	141,423
Investments in Equity & Preferred Securities	4,852	15,708	15,648	18,356	15,753	19,611
Policy Loans	-	-	-	-	-	183
Other Investments	219,063	57,904	61,017	49,382	44,416	9,980
Total Investments	233,860	229,896	236,781	223,815	203,047	187,937
Cash & Equivalents	5,819	5,463	6,050	5,500	6,380	5,403
Reinsurance Recoverable	3,538	3,616	4,123	4,014	3,892	10,337
Other Receivables	14,094	12,882	13,119	12,145	9,766	59,893
Deferred Policy Acquisition Cost	-	-	-	-	-	9,937
Separate Account Assets	-	-	-	-	-	12,283
Property, Plant & Equipment	2,060	4,828	4,480	4,318	4,224	2,564
Goodwill	4,939	4,800	3,443	3,184	3,240	3,092
Other Intangible Assets	1,165	1,143	893	1,028	1,043	1,006
Restricted Cash	-	39	66	95	59	1,859
Other Current Assets	1,247	3,565	4,224	5,198	5,789	564
Long-Term Deferred Tax Assets	1,654	1,596	2,591	2,743	2,862	503
Long-Term Deferred Charges	-	298	285	272	248	219
Other Long-Term Assets	16,551	11,808	10,387	11,481	28,841	16,808
Total Assets	284,927	279,934	286,442	273,793	269,391	312,405

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	-	616	622	655	524	1,007
Insurance & Annuity Liabilities	140,377	134,616	134,650	135,124	138,779	127,328
Unpaid Claims	85,664	83,898	89,702	81,167	76,283	81,671
Unearned Premiums	-	-	-	-	-	13,474
Reinsurance Payable	291	298	523	436	262	13,203
Current Income Taxes Payable	2,621	2,667	2,179	2,657	1,569	1,845
Long-Term Debt	7,806	7,848	6,990	5,891	6,095	6,364
Long-Term Leases	416	433	400	437	356	433
Long-Term Deferred Tax Liabilities	1,529	1,381	1,973	2,241	1,751	1,300
Separate Account Liability	-	-	-	-	-	8,998
Other Current Liabilities	879	4,073	4,392	4,352	4,735	3,751
Other Long-Term Liabilities	11,617	8,314	9,618	8,556	9,397	18,329
Total Liabilities	251,200	246,514	253,541	244,021	242,146	281,460

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	582	575	577	579	577	587
Additional Paid-In Capital	6,845	6,845	6,845	6,845	6,845	6,845
Retained Earnings	26,410	26,637	24,978	22,512	20,693	16,755
Comprehensive Income & Other	-276	-810	397	-286	-1,022	6,642
Total Common Equity	33,561	33,247	32,797	29,650	27,093	30,829
Minority Interest	166	173	104	122	152	116
Shareholders' Equity	33,727	33,420	32,901	29,772	27,245	30,945
Total Liabilities & Equity	284,927	279,934	286,442	273,793	269,391	312,405

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	125.81	127.96	131.41	134.6	137.64	140.1
Total Common Shares Outstanding	125.81	127.96	131.41	134.6	137.64	140.1
Total Debt	8,222	8,281	7,390	6,328	6,451	6,797
Net Cash (Debt)	-2,403	-2,818	-1,340	-828	-71	-1,394
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-18.79	-21.72	-10.08	-6.09	-0.51	-9.95
Book Value Per Share	266.75	259.82	249.58	220.28	196.84	220.05
Tangible Book Value	27,457	27,304	28,461	25,438	22,810	26,731
Tangible Book Value Per Share	218.23	213.38	216.59	188.99	165.72	190.80
Machinery	-	1,079	1,107	1,044	1,034	962
Construction In Progress	-	31	39	35	24	14

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

Data Sources Report a data error