Munich Re has surpassed its profit guidance for the fifth consecutive year, reporting a net result of EUR6.1bn ($7.2bn) for the 2025 financial year -- EUR0.1bn above its target. The reinsurer said all financial and non-financial goals it set under its 'Ambition 2025' strategy have been achieved.
The German global reinsurance giant said the results highlight the resilience of its diversified business model amid a challenging global risk environment. The outperformance continues a multi-year streak of earnings growth and disciplined capital management under the Ambition 2025 framework.
Reflecting its strong profitability, Munich Re announced that the dividend will rise to EUR24 per share, subject to shareholder approval. The company also unveiled a new share buy-back programme worth EUR2.25bn, to be completed by 2027, representing a higher volume than previous buy-back rounds.
Munich Re expects further growth, forecasting a net result of €6.3bn for the 2026 financial year. The outlook suggests sustained earnings momentum as the group transitions beyond its Ambition 2025 strategy and positions itself for the next phase of development.