Munich Reinsurance (1MUV2) Stock Price & Analysis
1MUV2 Stock Chart & Stats
- Day’s Range
- EUR 565.40 - EUR 567.60
- 52-Week Range
- EUR 438.50 - EUR 839.00
- Previous Close
- EUR 557.00
- Volume
- N/A
- Average Volume (3M)
- 54
- Market Cap
- EUR 71.34B
- 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
- 0.39
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- 11.26
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 4.25%
Bulls Say, Bears Say
Bulls Say
Improving Profitability
Rising net income and consistently strong EBIT indicate that Munich Re is converting its global underwriting and investment platform into substantial earnings. Sustained profitability improves internal capital generation, supports reinvestment and shareholder distributions, and strengthens resilience across the reinsurance cycle.
Strong Capitalisation
A growing equity base and a 304% solvency ratio provide significant capacity to absorb losses, support new underwriting and maintain capital returns. This financial flexibility is a durable competitive advantage because it allows Munich Re to remain selective while still pursuing attractive opportunities through the cycle.
Diversified Future Earnings
Strong Life & Health technical results and a €16B contractual service margin stock support future earnings visibility beyond annual catastrophe outcomes. Contributions from GSI and ERGO further diversify the group, reducing dependence on any single reinsurance line and reinforcing its broad risk-management franchise.
Bears Say
Lower Reinsurance Growth Guidance
The guidance reduction signals weaker near-term top-line momentum in the core reinsurance business. Lower volumes, particularly in P&C, can constrain premium growth and operating leverage over the next several quarters, even if disciplined underwriting protects margins and preserves long-term returns.
Rising Normalized P&C Ratio
A rising normalized combined ratio points to less favorable underlying P&C underwriting economics than the reported result suggests. As renewal pricing earns through and casualty exposure increases, margin pressure could persist, making future profitability more dependent on underwriting discipline and favorable claims experience.
Volatile Cash Generation
Uneven operating and free cash flow reduces confidence that reported earnings will translate consistently into cash available for capital allocation. The historical swings show sensitivity to claims timing and investment or working-capital movements, which can limit visibility and financial flexibility during adverse periods.
Munich Reinsurance News
1MUV2 FAQ
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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 (1MUV2) Earnings & Revenues
1MUV2 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 IT:1MUV2 earnings summaries1MUV2 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 3 | 5 |
| Technical Analysis | 2 | 3 | 5 |
| Moving Averages | 12 | 0 | 0 |
