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Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through six segments: Life and Health Reinsurance, Property-Casualty Reinsurance, Global Specialty Insurance, ERGO Life and Health Germany, ERGO Property-Casualty Germany, and ERGO International. The company offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, data analytics, underwriting and claims, medical research, capital management, and health market, as well as MIRA digital suite that includes MIRA PoS, MIRApply insured and physician, claims risk assessment, and CLARA plus. It also provides property and casualty reinsurance solutions, including agricultural reinsurance; business advisory, personal lines, portfolio management, insurance consulting, commercial motor consulting; infrastructure risk; property insurance, location risk, insurance linked securities, and NatCatSERVICE for natural catastrophe loss database; prospective structured and retroactive reinsurance; risk transfer; cyber; and data analytics, REALYTIX ZERO, and cert2go. In addition, the company offers solutions for industry clients, such as corporate risk, new tech, green tech, parametric, and aviation and space solutions, as well as risk services. Further, it provides specialty property casualty insurance, such as professional liability, marine, cyber, aviation, and space for commercial and private customers. Additionally, the company offers life, property-casualty, health, legal protection, and travel insurance products under the ERGO brand; and insurance solutions for agriculture, captive, epidemic, cyber, and renewable energy sectors. The company was founded in 1880 and is based in Munich, Germany.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 8624.77M | 8706.00M | 7110.00M | 4007.00M | 3482.00M |
| Minority interest | -3.00M | 14.00M | 19.00M | 13.00M | 1.00M |
| Net income | 6115.71M | 5685.00M | 4606.00M | 3432.00M | 2933.00M |
| Selling general administrative | 9330.00M | 8968.00M | 8617.00M | 3399.00M | 3003.00M |
| Gross profit | 69276.04M | 43685.00M | 41056.00M | 68452.00M | 63860.00M |
| Reconciled depreciation | 359.00M | 375.00M | 317.00M | - | - |
| Ebit | 8993.63M | 9033.00M | 7405.00M | 4303.00M | 3664.00M |
| Ebitda | 9352.50M | 9408.00M | 7722.00M | 4298.00M | 2408.00M |
| Depreciation and amortization | 358.87M | 375.00M | 317.00M | -5.00M | - |
| Operating income | 8624.77M | 8706.00M | 7110.00M | 4303.00M | 2408.00M |
| Other operating expenses | 60651.28M | 33600.00M | 32574.00M | 64445.00M | 60378.00M |
| Interest expense | 368.86M | 327.00M | 295.00M | 286.00M | 336.00M |
| Tax provision | 2507.00M | 2091.00M | 825.00M | 580.00M | 552.00M |
| Interest income | 3500.00M | 3389.00M | 5029.00M | 1937.00M | 13251.00M |
| Net interest income | -171.00M | -328.00M | -275.00M | -286.00M | -6119.00M |
| Income tax expense | 2506.06M | 2091.00M | 936.00M | 580.00M | 552.00M |
| Total revenue | 69276.04M | 42306.00M | 39684.00M | 68452.00M | 63860.00M |
| Total operating expenses | 60651.28M | 34979.00M | 33946.00M | -64149.00M | -61452.00M |
| Cost of revenue | - | -1379.00M | -1372.00M | - | - |
| Total other income expense net | -1425.00M | -207.00M | -169.00M | -296.00M | 1074.00M |
| Net income from continuing ops | 6121.00M | 5669.00M | 2854.00M | 3427.00M | 2930.00M |
| Net income applicable to common shares | - | - | - | 3432.00M | 2933.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 279829.15M | 286515.00M | 273793.00M | 298570.00M | 312405.00M |
| Intangible assets | 1142.57M | 893.00M | 1028.00M | 1296.00M | 1286.00M |
| Other current assets | - | -183493.00M | 33517.00M | 15836.00M | 14478.00M |
| Total liab | 246420.67M | 253770.00M | 244022.00M | 277368.00M | 281460.00M |
| Total stockholder equity | 33235.55M | 32641.00M | 29649.00M | 21063.00M | 30829.00M |
| Deferred long term liab | - | - | - | 248.00M | 219.00M |
| Other current liab | -241.91M | -2179.00M | 81585.00M | -15534.00M | -15833.00M |
| Common stock | 575.78M | 7422.00M | 7424.00M | 7422.00M | 7432.00M |
| Capital stock | 7420.00M | 7422.00M | 7424.00M | 7422.00M | 7432.00M |
| Retained earnings | 20511.31M | 24822.00M | 22822.00M | 18846.00M | 16755.00M |
| Other liab | - | - | - | 146964.00M | 159712.00M |
| Good will | 4798.20M | 3443.00M | 3184.00M | 3240.00M | 3092.00M |
| Other assets | - | 286515.00M | -259061.00M | -30516.00M | -55668.00M |
| Cash | 5499.94M | 6116.00M | 8570.00M | 9318.00M | 8776.00M |
| Total current liabilities | - | - | 84242.00M | 15534.00M | 15833.00M |
| Net debt | 1931.28M | 205.00M | -3857.00M | -2867.00M | -1979.00M |
| Short term debt | 241.91M | - | 144.00M | - | - |
| Short long term debt total | 7431.22M | 6321.00M | 4713.00M | 6451.00M | 6797.00M |
| Other stockholder equity | - | 397.00M | -286.00M | -5205.00M | 6642.00M |
| Property plant equipment | - | - | - | 2419.00M | 2144.00M |
| Total current assets | 28087.48M | 5907.00M | 47310.00M | 149706.00M | 171244.00M |
| Long term investments | 222834.00M | 228399.00M | 214508.00M | 162658.00M | 182776.00M |
| Net tangible assets | - | - | - | 16780.00M | 26731.00M |
| Short term investments | 170700.00M | 177365.00M | 167254.00M | 140388.00M | 162468.00M |
| Net receivables | 22587.54M | 5907.00M | 5223.00M | 18116.00M | 17587.00M |
| Long term debt | 7434.00M | 6321.00M | 4713.00M | 6095.00M | 6364.00M |
| Inventory | 6.00M | 12.00M | 0.00M | - | - |
| Accounts payable | - | - | - | 15534.00M | 15833.00M |
| Accumulated other comprehensive income | 12148.45M | 397.00M | -286.00M | - | - |
| Non currrent assets other | 11593.66M | 40729.00M | 266313.00M | -179380.00M | -196829.00M |
| Non current assets total | 251741.68M | 280608.00M | 485544.00M | 179380.00M | 196829.00M |
| Capital lease obligations | - | - | - | 356.00M | 433.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -505.00M | -329.00M | 11347.00M | -3670.00M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -1456.45M | -505.00M | -329.00M | 11347.00M | -3818.00M |
| Net borrowings | 1043.00M | 1346.00M | -134.00M | - | - |
| Total cash from financing activities | -3818.57M | -2228.00M | -2983.00M | -2702.00M | -1681.00M |
| Change to operating activities | - | - | - | -11361.00M | 6442.00M |
| Net income | 6115.71M | 5671.00M | 4597.00M | 3419.00M | 2932.00M |
| Change in cash | 111.28M | 533.00M | -818.00M | 1035.00M | -128.00M |
| Begin period cash flow | 5388.66M | 5595.00M | 6439.00M | 5413.00M | 5615.00M |
| End period cash flow | 5499.94M | 6128.00M | 5621.00M | 6448.00M | 5487.00M |
| Total cash from operating activities | 1268.53M | 3143.00M | 2543.00M | -7644.00M | 5226.00M |
| Issuance of capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Depreciation | 358.87M | 375.00M | 317.00M | 385.00M | 352.00M |
| Other cashflows from investing activities | 14.99M | -45.00M | -152.00M | 34.00M | 5.00M |
| Dividends paid | 2612.02M | 2006.00M | 1583.00M | -1549.00M | -1378.00M |
| Change to account receivables | - | - | 101.00M | - | - |
| Sale purchase of stock | -1877.30M | -1437.00M | -1041.00M | - | - |
| Other cashflows from financing activities | -371.86M | -131.00M | -225.00M | -1153.00M | -303.00M |
| Change to netincome | - | - | - | 2064.00M | -3895.00M |
| Capital expenditures | 163.94M | 316.00M | 346.00M | 0.00M | 0.00M |
| Change in working capital | -8746.72M | -5739.00M | -2011.00M | -13688.00M | 6442.00M |
| Other non cash items | 3540.67M | 2836.00M | -360.00M | 2625.00M | -4148.00M |
| Free cash flow | 1104.59M | 2827.00M | 2197.00M | -7644.00M | 5226.00M |
Sector: Financial Services Industry: Insurance - Reinsurance
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| MURGF Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München |
11.15 1.77% |
641.52 | 9.35 | 10.04 | 1.21 | 1.89 | 1.03 |
| MURGY Muenchener Rueckver Ges |
-0.02 0.16% |
12.73 | 9.46 | 10.13 | 1.21 | 1.90 | 1.03 |
| SSREY Swiss Re Ltd |
-0.53 1.13% |
46.51 | 10.42 | 9.05 | 1.21 | 2.01 | 1.21 |
| SSREF Swiss Re AG |
-1.42 0.76% |
184.52 | 10.26 | 8.97 | 1.19 | 1.99 | 1.21 |
| HVRRF Hannover Rück SE |
- -% |
328.24 | 11.10 | 10.38 | 1.55 | 2.29 | 1.31 |
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through six segments: Life and Health Reinsurance, Property-Casualty Reinsurance, Global Specialty Insurance, ERGO Life and Health Germany, ERGO Property-Casualty Germany, and ERGO International. The company offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, data analytics, underwriting and claims, medical research, capital management, and health market, as well as MIRA digital suite that includes MIRA PoS, MIRApply insured and physician, claims risk assessment, and CLARA plus. It also provides property and casualty reinsurance solutions, including agricultural reinsurance; business advisory, personal lines, portfolio management, insurance consulting, commercial motor consulting; infrastructure risk; property insurance, location risk, insurance linked securities, and NatCatSERVICE for natural catastrophe loss database; prospective structured and retroactive reinsurance; risk transfer; cyber; and data analytics, REALYTIX ZERO, and cert2go. In addition, the company offers solutions for industry clients, such as corporate risk, new tech, green tech, parametric, and aviation and space solutions, as well as risk services. Further, it provides specialty property casualty insurance, such as professional liability, marine, cyber, aviation, and space for commercial and private customers. Additionally, the company offers life, property-casualty, health, legal protection, and travel insurance products under the ERGO brand; and insurance solutions for agriculture, captive, epidemic, cyber, and renewable energy sectors. The company was founded in 1880 and is based in Munich, Germany.
| Name | Title | Year Born |
|---|---|---|
| Dr. Joachim Wenning | Chairman of the Management Board | 1965 |
| Dr. Christoph Jurecka | CFO & Member Management Board | 1974 |
| Dr. Torsten Jeworrek | Member of the Management Board & CEO of Reinsurance Bus. | 1961 |
| Dr. Thomas Blunck | Member of the Management Board | 1965 |
| Dr. Doris Hopke | Labour Relations Director & Member of the Board of Management | 1966 |
| Dr. Markus Riess | Member of the Management Board | 1966 |
| Mr. Nicholas J. Gartside C.F.A., CFA | Chief Investment Officer & Member of the Management Board | 1975 |
| Dr. Achim Kassow | Member of the Management Board | 1966 |
| Mr. Stefan Heinrich Golling | Member of the Management Board | 1977 |
| Soobum Lee | Head of the Operation | NA |
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