At the annual general meeting (AGM) of global reinsurer Munich Re, the aforementioned dividend proposal of €24 per share for 2025 was approved, with CEO and Chairman of the Management Board Christoph Jurecka noting that the company is in an “excellent financial position” after recording a record net profit of €6.1 billion in 2025.
At the end of February, we reported that Munich Re’s board of directors planned to propose a dividend of $24 per share in 2025, a proposal that was approved at the company’s recent annual shareholder meeting. That’s higher than a 2024 dividend of €20 per share and well above the fiscal 2025 consensus of $21.86 per share.
Jurecka said: “In 2025, we added a milestone to Munich Re’s history: On an annual basis, our financial position is stronger than ever before. At the same time, we achieved all the goals of the multi-year Ambition 2025 strategic plan. Our new Ambition 2030 strategy defines our path to maintain success in the future.”
In line with Munich Re’s “Ambition 2030” strategy, the reinsurer intends to reach higher peaks in all aspects and will strive to increase revenue, profitability and efficiency.
As previously reported, Munich Re expects its return on equity to exceed 18% and earnings per share to grow more than 8% annually by 2030. At the same time, the company expects the total payout ratio to exceed 80% annually and the Solvency II ratio to remain above 200% on an ongoing basis.
In a speech to shareholders, Jurecka explained that Munich Re will further focus on becoming a diversified insurance group offering large-scale reinsurance, primary and specialty insurance services.
Jurecka also highlighted the important role that insurance and reinsurance play in the international community amid instability in many parts of the world, adding that Munich Re’s strong financial position and outstanding performance are crucial for the group to fulfill its social role.
“Insurance is society’s immune system. Insurance protects people, mitigates economic losses, and promotes progress,” he said.