Muenchener Rueckversicherungs-Gesellschaft in Muenchen MUV2.DE · EUR
Financials · Insurance · XETRA · 🇩🇪 Germany
DAXEuro Stoxx 50
566.00
-0.56%
Close of 9 Nov 2026, in EUR
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At a glance
Figures in EUR, from our data supplier.
Revenue, before interest expense
€69.30bn
FY2016FY2025
Net income
€6.12bn
FY2016FY2025
Total assets
€279.93bn
FY2016FY2025
Shareholders' equity
€33.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | €69.30bn | €69.11bn | €70.46bn | €64.11bn | €63.86bn | €58.64bn | €57.31bn | €52.07bn | €55.82bn | €55.69bn |
| Operating income | €10.22bn | €9.24bn | €3.79bn | €10.29bn | €8.53bn | €1.54bn | €9.96bn | €9.42bn | €7.26bn | €11.29bn |
| Net income | €6.12bn | €5.68bn | €4.66bn | €3.42bn | €2.93bn | €1.21bn | €2.72bn | €2.31bn | €375.0m | €2.58bn |
| Diluted earnings per share | 47.81 | 43.25 | 34.64 | 24.62 | 20.94 | 8.63 | 19.42 | 16.47 | 2.67 | 18.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €279.93bn | €286.51bn | €273.79bn | €298.57bn | €312.40bn | €297.95bn | €287.55bn | €270.17bn | €265.72bn | €267.81bn |
| Cash and short-term investments | €5.50bn | €186.64bn | €8.57bn | €149.71bn | €171.24bn | €164.44bn | €160.17bn | €144.26bn | €147.47bn | €151.20bn |
| Total liabilities | €246.51bn | €253.77bn | €244.02bn | €277.37bn | €281.46bn | €267.95bn | €256.98bn | €243.67bn | €237.52bn | €236.02bn |
| Debt | €8.11bn | €7.39bn | €6.33bn | €6.45bn | €6.80bn | €6.74bn | €5.07bn | €4.66bn | €3.67bn | €4.94bn |
| Shareholders' equity | €33.25bn | €32.64bn | €29.65bn | €21.06bn | €30.83bn | €29.89bn | €30.46bn | €26.37bn | €28.01bn | €31.52bn |
| Shares outstanding | 128m | 131m | 135m | 139m | 140m | 140m | 140m | 140m | 140m | 140m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | €18.64bn | €17.11bn | €17.18bn | €16.48bn | €16.00bn | €16.39bn | €19.27bn | €16.68bn |
| Operating income | €2.73bn | €2.17bn | €1.38bn | €2.98bn | €2.86bn | €1.41bn | €2.13bn | €1.07bn |
| Net income | €2.21bn | €1.71bn | €945.0m | €2.00bn | €2.08bn | €1.09bn | €991.0m | €930.0m |
| Diluted earnings per share | 17.49 | 13.50 | 7.39 | 15.65 | 16.23 | 8.54 | 7.54 | 7.08 |
| Total assets | €284.93bn | €281.93bn | €279.93bn | €279.13bn | €275.69bn | €282.62bn | €286.51bn | €280.01bn |
| Cash and short-term investments | €5.82bn | €5.60bn | €5.50bn | €5.43bn | €176.70bn | €5.49bn | €186.64bn | €6.52bn |
| Debt | €7.39bn | €7.52bn | €8.11bn | €7.40bn | €7.15bn | €6.32bn | €7.19bn | €6.21bn |
| Shareholders' equity | €33.56bn | €34.44bn | €33.25bn | €32.24bn | €30.58bn | €33.14bn | €32.64bn | €31.30bn |
Financial ratios
Data as of 14 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 14.8% | 13.4% | 5.4% | 16.1% | 13.4% | 2.6% | — |
| Net margin | 8.8% | 8.2% | 6.6% | 5.3% | 4.6% | 2.1% | — |
| Return on equity | 18.4% | 17.4% | 15.7% | 16.3% | 9.5% | 4.1% | — |
| Return on assets | 2.2% | 2.0% | 1.7% | 1.1% | 0.9% | 0.4% | — |
| Revenue growth | 0.3% | -1.9% | 9.9% | 0.4% | 8.9% | 2.3% | — |
| Earnings growth | 7.6% | 21.9% | 36.2% | 16.7% | 142.2% | -55.5% | — |
| Current ratio | — | 0.86x | 5.23x | 9.64x | 10.82x | 11.12x | 12.87x |
| Debt to equity | 0.23x | 0.20x | 0.16x | 0.30x | 0.21x | 0.21x | — |
| Equity ratio | 11.9% | 11.4% | 10.8% | 7.1% | 9.9% | 10.0% | — |
| Interest coverage | 27.71x | 28.26x | 13.76x | 35.99x | 25.38x | 4.54x | — |
| Buybacks as a share of market value | 2.6% | 2.4% | 3.2% | 0.7% | 0.1% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.6% | 3.4% | 2.1% |
| Operating income | -0.2% | 46.0% | 9.6% |
| Net income | 21.4% | 38.3% | 7.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.1% | 12.3% | 11.0% | 12.7% |
| Net margin | 8.5% | 7.3% | 6.1% | 5.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.8 | 11.3 | 10.8 | 12.3 | 12.4 | 28.1 | 13.5 | 11.6 | 67.6 | 9.8 |
| Price to sales | 1.0 | 0.9 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 31 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 24.00 | 20.00 | 15.00 | 11.60 | 11.00 | 9.80 | 9.80 | 9.25 |
- 2-for-1 split · 25 Jan 1999
- 10-for-1 split · 18 Aug 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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