Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

MURGF
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in MünchenUS flagOther OTC
580.21
USD
+9.54
- -
74.36BMarket Cap
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
MURGF
(Other OTC)

Recent

price

580.21

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
318.79
310.42
336
320.39
327.34
339.78
348.1
361.62
349.94
413.23
417.44
460.09
412.92
437.68
484.81
480.25
500.46
Revenue per Share
13.11
3.94
17.94
18.45
18.31
18.73
16.13
2.43
15.53
19.42
8.63
20.94
38.12
33.87
42.92
47.15
53.77
Basic EPS, GAAP
47.65
34.13
31.15
12.21
43.72
26.08
18.6
11.9
20.16
67.67
51.46
37.3
26
16.16
21.27
35.5
- -
Free Cash Flow per Basic Share
5.8
6.29
6.26
7.03
7.3
7.81
8.31
8.68
8.65
9.52
9.89
9.84
11.11
11.64
15.1
20.14
- -
Dividend per Share
126.31
128.59
152.34
146.23
178.13
188.39
200.86
185.19
180.86
215.32
213.38
220.05
196.84
220.28
249.58
259.82
266.75
Book Value per Share
98.11
100.2
124.67
119.9
152.71
164.05
174.61
160.8
152.98
185.77
184.78
188.8
165.72
188.99
216.59
213.38
218.23
Tangible Book Value per Share
185
178
178
179
172
166
160
154
149
140
140
140
139
136
133
130
128
Basic Weighted Avg Shares
59,111
55,249
59,711
57,371
56,358
56,368
55,687
55,711
52,037
57,970
58,560
64,458
57,546
59,515
64,424
62,310
63,945
Sales/Revenue/Turnover
6.73
- -
8.96
7.69
7.15
8.55
7.23
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,873
317
375
359
- -
Depreciation Expense
2,430
702
3,188
3,304
3,152
3,107
2,580
375
2,310
2,724
1,211
2,933
5,313
4,606
5,704
6,118
6,870
Net Income, GAAP
22.17
- -
21.51
2.76
- -
11.6
19.64
- -
16.63
12.76
18.16
13.34
19.96
16.92
26.95
29.06
25.81
Effective Tax Rate (%)
4.11
1.27
5.34
5.76
5.59
5.51
4.63
0.67
4.44
4.7
2.07
4.55
9.23
7.74
8.85
9.82
10.74
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
5,137
5,562
6,256
5,134
5,138
5,158
4,938
3,669
4,655
5,067
6,743
6,797
4,748
4,713
6,321
7,434
7,391
LT Debt
23,028
23,309
27,439
26,188
30,289
30,965
31,784
28,198
26,500
30,576
29,994
30,945
27,245
29,772
32,901
33,420
33,727
Total Equity
8.29
- -
9.48
9.65
- -
8.87
7.23
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
10.51
- -
11.32
11.32
- -
9.47
7.76
- -
8.18
9.15
4.11
8.66
15.9
14.62
16.16
15.93
18.35
Return on Capital (%)
10.84
3.06
12.69
12.43
11.26
10.24
8.3
1.26
8.5
9.59
4.01
9.66
18.35
16.23
18.27
18.53
21.42
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
7,434
7,518
7,391
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
128
128
126
Market Capitalization
72,909
71,020
60,966

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
176,202
5,600
176,080
Accounts Receivable, Net
- -
- -
- -
Inventories
6
6
8
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.14%
2.52%
1.58%
Free Cash Flow
18.06%
-1.21%
62.93%
Net Income, GAAP
61.71%
48.23%
7.26%
Sales/Revenue/Turnover
1.24%
1.55%
-3.28%
Total Cash Common Dividend
7.81%
14.17%
30.26%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17,208
15,953
16,740
13,948
64,424
2025
16,395
16,002
16,476
13,358
62,310
2026
16,246
17,865
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15.77
11.99
6.85
- -
42.92
2025
8.34
15.94
15.48
- -
47.15
2026
13.41
17.49
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
15.1
2025
- -
- -
- -
- -
20.14
2026
- -
- -
- -
- -
- -
Business
Münchener Rückversicherungs-Gesellschaft AG, operating globally as Munich Re, stands as a premier provider of reinsurance and primary insurance solutions. The enterprise structures its extensive operations across several key divisions: Life and Health Reinsurance, Property-Casualty Reinsurance, and its primary insurance arm, the ERGO Group, further segmented into ERGO Life and Health Germany, ERGO Property-Casualty Germany, and ERGO International. Within its Life and Health Reinsurance segment, the company develops comprehensive offerings that address financial market exposures, advanced data analytics, streamlined claims and underwriting processes, medical research, and capital management strategies, complemented by digital underwriting and analytical tools. The Property-Casualty Reinsurance division delivers solutions spanning agricultural and infrastructure risks, cyber protection, and leverages sophisticated data analytics, remote inspection technologies, retrocessional coverage, and insurance-linked securities. This segment also encompasses specialized services like the NatCatSERVICE database for natural catastrophe losses and has recently launched a dedicated global unit for parametric natural catastrophe risk transfer solutions. Furthermore, Munich Re extends tailored solutions to diverse industrial clients, covering areas such as IoT liability, earnings quality protection, captive insurance, weather-related risks, space and satellite insurance, bioenergy, solar and wind farm insurance, mining, construction project covers, aviation insurance, and specialized cyber insurance for industrial applications. The ERGO Group, its direct insurance subsidiary, offers a wide array of life, health, property-casualty, legal protection, and travel insurance products to retail and corporate clients across numerous international markets, with a strong presence in Germany, Europe, and Asia. Founded in 1880 and headquartered in Munich, Germany, Munich Re maintains its position as a global leader, continuously innovating in risk assessment and management. The company is strategically focused on its "Ambition 2025" program, targeting profitable growth, digital transformation, and enhanced stakeholder value, aiming for a significant net profit of €6 billion by 2025 through consistent operational performance and strategic investments. Recent strategic moves include the acquisition of Next Insurance in 2025 to bolster its digital primary insurance capabilities in the U.S. small and medium-sized business sector. Its revenue model is diversified, drawing from reinsurance premiums, primary insurance premiums through ERGO, and returns from its prudent investment portfolio.

Company News

  • Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Q2 Earnings Call Highlights

  • Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGY) Q1 2026 Earnings Call Prepared Remarks Transcript