Munich Reinsurance (MUVGn)

Currency in EUR
516.40
+3.20(+0.62%)
Closed·
High dividend Yield
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Fair Value
Day's Range
512.60518.40
52 wk Range
437.40575.60
Key Statistics
Prev. Close
516.4
Open
515
Day's Range
512.6-518.4
52 wk Range
437.4-575.6
Volume
186.95K
Average Vol. (3m)
299.84K
1-Year Change
-7.7857%
Book Value / Share
266.73
Fair Value
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Fair Value Upside
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MUVGn Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
550.72
Upside
+6.65%
Members' Sentiments
Bearish
Bullish
ProTips
2 analysts have revised their earnings downwards for the upcoming period

Munich Reinsurance News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Buy

Analyst Ratings

5 Buy
9 Hold
3 Sell
Ratings:
17 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 550.72
(+6.65% Upside)

Munich Reinsurance Earnings Call Summary for Q2/2026

  • Munich Re posted H1 2026 net income of €3.9B (60%+ of full-year target) with 23% ROE, exceeding Ambition 2030 goal of 18%.
  • Company cut full-year reinsurance revenue guidance to €38B from €40B amid softening P&C pricing (down 5.5%) and 9% volume decline at July renewals.
  • Solvency ratio stood at 304% in Q2, providing capacity for continued dividends and buybacks despite weaker reinsurance market conditions.
  • Full-year net income target of €6.3B remains unchanged, supported by diversified units including Life Re, Global Specialty Insurance, and ERGO.
  • Management expects P&C reinsurance normalized combined ratio to trend higher through 2026, currently at 67.9% in H1 versus normalized 82%.
Last Updated: 08/07/2026, 06:36 AM
Read Full Transcript
Munich Re Group investor slides for Q2/2026
Munich Re H1 2026 slides
Last Update: Aug 07, 2026
See full investor slides

Earnings

Latest Release
Aug 07, 2026
EPS / Forecast
17.50 / 13.67
Revenue / Forecast
14.94B / 16.1B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 53.72%
Dividend Yield
4.68%
Industry Median 3.44%
Annualized Payout
24.00
Paid annually
5-Years Growth
+19.62%
Growth Streak

MUVGn Income Statement

Compare MUVGn to Peers and Sector

Metrics to compare
MUVGn
Peers
Sector
Relationship
P/E Ratio
9.4x10.8x9.8x
PEG Ratio
0.260.320.03
Price / Book
1.9x2.1x1.0x
Price / LTM Sales
1.1x1.3x2.9x
Upside (Analyst Target)
6.6%8.3%14.2%
Fair Value Upside
Unlock5.9%2.7%Unlock

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.

Industry
Insurance
Employees
44595
Market
Germany

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
45.76M36.40%23.55B
Other Institutional Investors
6.56M5.22%3.38B
Public Companies & Retail Investors
73.40M58.38%37.77B
Total
125.71M100.00%64.69B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.8.33%10,467,4435,386,546
Vanguard Capital Management, LLC4.08%5,128,8302,639,296

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FAQ

What Is the Munich Re Group (MUVGn) Stock Price Today?

The Munich Re Group stock price today is 516.40 EUR.

What Stock Exchange Does Munich Re Group Trade On?

Munich Re Group is listed and trades on the Frankfurt Stock Exchange.

What Is the Stock Symbol for Munich Re Group?

The stock symbol for Munich Re Group is "MUVGn."

Does Munich Re Group Pay Dividends? What’s The Current Dividend Yield?

The Munich Re Group dividend yield is 4.68%.

What Is the Munich Re Group Market Cap?

As of today, Munich Re Group market cap is 64.52B EUR.

What Is Munich Re Group's Earnings Per Share (TTM)?

The Munich Re Group EPS (TTM) is 53.72.

When Is the Next Munich Re Group Earnings Date?

Munich Re Group will release its next earnings report on Nov 12, 2026.

From a Technical Analysis Perspective, Is MUVGn a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Buy.

How Many Times Has Munich Re Group Stock Split?

Munich Re Group has split 3 times.

How Many Employees Does Munich Re Group Have?

Munich Re Group has 44595 employees.

What is the current trading status of Munich Re Group (MUVGn)?

As of Aug 21, 2026, Munich Re Group (MUVGn) is trading at a price of 516.40 EUR, with a previous close of 516.40 EUR. The stock has fluctuated within a day range of 512.60 EUR to 518.40 EUR, while its 52-week range spans from 437.40 EUR to 575.60 EUR.

What Is Munich Re Group (MUVGn) Price Target According to Analysts?

The average 12-month price target for Munich Re Group is 550.72 EUR, with a high estimate of 665 EUR and a low estimate of 480 EUR. 5 analysts recommend buying the stock, while 3 suggest selling, leading to an overall rating of Neutral. The stock has an +6.65% Upside potential.
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