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

Germany · Delayed Price · Currency is EUR

549.40

-5.60 (-1.01%)

Apr 10, 2026, 5:39 PM CET

ETR:MUV2 Cash Flow 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 Income	6,121	5,690	4,597	5,309	2,932
Depreciation & Amortization	359	375	317	2,873	-
Other Adjustments	-853	3,168	2,638	5,210	-1,432
Changes in Reinsurance Contract Assets	-379	268	-92	-225	-
Changes in Deferred Acquisition Costs	-	-	-	-	-729
Changes in Accrued Expenses	249	19	-59	-1,236	-
Changes in Claims Reserves	-5,312	1,630	101	-8,976	11,409
Changes in Other Operating Activities	1,450	683	11	-2,891	-4,238
Operating Cash Flow	4,906	3,143	2,543	3,972	5,226
Operating Cash Flow Growth	56.09%	23.59%	-35.98%	-24.00%	-27.61%
Capital Expenditures	-164	-167	-148	-140	-
Sale of Property, Plant & Equipment	14	13	36	46	-
Purchases of Intangible Assets	-136	-149	-198	-209	-
Proceeds from Sale of Intangible Assets	14	89	4	5	-
Purchases of Investments	3,335	-8,652	-4,915	3,975	-
Payments for Business Acquisitions	-1,392	-340	-48	14	-133
Proceeds from Business Divestments	206	47	19	23	-20
Other Investing Activities	-64	-37	-48	-75	-3,147
Investing Cash Flow	-1,457	-505	-329	-270	-3,818
Long-Term Debt Issued	1,242	1,487	0	0	-
Long-Term Debt Repaid	-199	-141	-134	-457	-
Net Long-Term Debt Issued (Repaid)	1,043	1,346	-134	-457	-
Repurchase of Common Stock	-1,878	-1,437	-1,041	-605	-
Net Common Stock Issued (Repurchased)	-1,878	-1,437	-1,041	-605	0
Common Dividends Paid	-2,613	-2,006	-1,583	-1,549	-1,378
Other Financing Activities	-373	-130	-225	-92	-303
Financing Cash Flow	-3,820	-2,228	-2,983	-2,702	-1,681
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-236	122	-47	35	146
Net Cash Flow	-371	410	-770	1,000	-273
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%
FCF Margin	7.80%	4.87%	4.10%	7.05%	9.28%
Free Cash Flow Per Share	36.55	22.40	17.61	27.50	37.30
Levered Free Cash Flow	8,676	8,228	4,501	3,237	-2,034
Unlevered Free Cash Flow	3,398	1,441	544.34	683.82	-14,952

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