Munich Reinsurance (0KFE) Share Price & Analysis
0KFE Stock Chart & Stats
- Day’s Range
- EUR 566.00 - EUR 571.60
- 52-Week Range
- EUR 437.50 - EUR 572.50
- Previous Close
- EUR 568.00
- Volume
- N/A
- Average Volume (3M)
- 60.88K
- Market Cap
- EUR 71.46B
- Enterprise Value
- EUR 69.38B
- Total Cash (Recent Filing)
- EUR 5.82B
- Total Debt (Recent Filing)
- EUR 7.39B
- Price to Earnings (P/E)
- 10.6
- Beta
- 0.68
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- 11.26
- Last Dividend Ex-Date
- Apr 30, 2026
- Dividend Yield
- 4.22%
Bulls Say, Bears Say
Bulls Say
Improving Profitability
Rising net income and consistently strong EBIT indicate that Munich Re is converting its diversified insurance and investment activities into substantial earnings. Continued profitability strengthens internal capital generation, supports strategic reinvestment and shareholder distributions, and provides resilience through normal underwriting cycles.
Strong Solvency And Capital Flexibility
A solvency ratio above 300% gives Munich Re a substantial capital buffer relative to its operating requirements. This supports the ability to absorb adverse claims experience, pursue attractive underwriting opportunities, and return capital while preserving flexibility for future growth and risk management.
Diversified Future Earnings Base
Strong Life and Health technical results and a €16B contractual service margin provide visibility into future earnings beyond annual catastrophe outcomes. The combination of recurring business, longevity transactions and multiple operating segments strengthens diversification and can reduce dependence on P&C reinsurance performance.
Bears Say
Lower Reinsurance Revenue Outlook
The reduced reinsurance revenue target signals that disciplined underwriting decisions and market conditions are constraining near-term premium volume. Lower top-line growth can limit operating leverage and makes delivery of broader earnings ambitions more dependent on margins, investment income and performance in other divisions.
Rising Normalized P&C Ratio
A rising normalized combined ratio indicates that underlying P&C underwriting margins are becoming less favorable beneath the unusually low reported loss ratio. Mix changes, renewal earn-in and structured business could pressure profitability, requiring continued pricing discipline and potentially reducing earnings visibility.
Uneven Cash Generation
Cash generation has been positive recently but materially uneven, with a sharp historical outflow and a significant 2025 step-down from the prior year. Such volatility can reflect claims, investment and working-capital timing, making cash-based earnings support less predictable and capital planning more sensitive to operating movements.
Munich Reinsurance News
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Munich Reinsurance Stock Smart Score
Company Description
Munich Reinsurance
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.
- Sector
- General
- Industry
- Insurance - Reinsurance
- CEO
- Christoph Jurecka
- Employees
- 44,595
- Website
- www.munichre.com
- Address
- Königinstrasse 107, Munich, BY, 80802, DE
Munich Reinsurance (0KFE) Earnings & Revenues
0KFE Earnings Call
Earnings Call SentimentPositive
The call presents strong financial and operating performance across multiple areas (net income, ROE, investment returns, Life & Health technical results, GSI and ERGO contributions, and a very strong solvency position). These positives are moderated by meaningful near-term reinsurance market headwinds: a EUR 2 billion reduction in reinsurance revenue guidance, rising normalized P&C combined ratios (around 82% and trending up), volume declines in July renewals (≈-9%) and reliance on favorable loss experience and markets. Management emphasizes disciplined underwriting, capital strength and diversification to manage the cycle and preserve earnings targets. On balance, the company appears well positioned but faces clear near-term top-line and P&C margin challenges that are being actively managed.
View all GB:0KFE earnings summaries0KFE Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 2 | 6 |
| Technical Analysis | 2 | 2 | 6 |
| Moving Averages | 12 | 0 | 0 |











