Munich Re targets €6.3bn net profit in 2026

Written by Michael Griffiths

12/12/2025

Munich Re has revealed it will pursue an IFRS net profit of €6.3bn in 2026, as the German reinsurer outlined a new multi-year strategy.

Th group said its insurance revenue is expected to total €64bn in 2026 with return on investment to improve to above 3.5%.

In its reinsurance field of business, Munich Re has anticipated that net profit will amount to €5.4bn in 2026. In an ongoing favourable market environment, the German company said it would continue to leverage its strong market position.

Munich Re said it is aiming for “sustained profit growth and high profit participation for shareholders”, and that by the end of 2030, the return on equity is expected to lie above 18% and earnings per share to grow annually by more than 8% on average.

The group’s five-year strategy, Ambition 2030, has also forecast a total payout ratio greater than 80% per year and a solvency ratio above 200%.

Chair of the board of management at Munich Re, Joachim Wenning, said: “Now more than ever, Munich Re is a financial powerhouse. We are achieving record-breaking results year after year and expect to exceed all financial and non-financial targets of the nearly complete Ambition 2025.

“Our net result has become even more stable thanks to the increasing diversification of our earnings drivers. All our stakeholders benefit from our strength, expertise and reliability.”

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