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Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MUV2.DE)

EUR511.60 +1.60 (+0.31%)
DE XETRA Financial Services Insurance - Reinsurance
Address Königinstrasse 107 80802
Munich, BY, DE
CEO Christoph Jurecka
Website munichre.com
IPO 1998-06-24
ISIN DE0008430026

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Also trades on Deutsche Börse · MUV2.DE (EUR) Euronext Brussels · MEURV.BR (EUR) Italian Stock Exchange · MUV2.MI (EUR) London Stock Exchange · 0KFE.L (EUR) Other OTC · MURGY (USD) Other OTC · MURGF (USD) Swiss Exchange · MUV2.SW (CHF)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR511.60 +1.60 (+0.31%)
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Volume Profile
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Liquidity & share structure
Average Volume
395.9K
Beta
0.34
Float Shares
127.95M
Free Float %
100.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.08% +4.36% -14.41% -9.78% -9.03% -11.88% -16.25% +42.39% +104.96% +204.03% +655.31%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
511.60
DCF (Unlevered) 1,523.53 +197.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 29% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 2 0
Hold 9 0
Sell 1 0
Strong Sell 2 0
Quality scores
Altman Z-Score
0.70
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Insurance - Reinsurance: +19.7%
    +63.8% ★ Q1'26: +4.4% (vs Q1'25)
  • ✓
    EPS growth Insurance - Reinsurance: +47.7%
    +10.2% Q1'26: +60.1% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Insurance - Reinsurance: +7.0%
    -3.5% Q1'26: +0.0% (vs Q1'25)
  • ✗
    EBIT margin Insurance - Reinsurance: +13.4%
    +13.0% Q1'26: +13.0% (vs Q1'25)
  • ✓
    ROIC Insurance - Reinsurance: +4.0%
    +18.1% ★ Q1'26: +19.3% (vs Q1'25)
  • ✓
    Share dilution Insurance - Reinsurance: +0.2%
    -2.4% ★ Q1'26: -2.4% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Insurance - Reinsurance: 0.00×
    0.79× Q1'26: 0.84× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.35) × ERP
WACC = 89% × Ke + 11% × Kd (5.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 1,506.25 Current price: 511.60
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual 		Dec 2012
actual 		Dec 2013
actual 		Dec 2014
actual 		Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
3 Rev. Ana.
12 EPS Ana. 		Dec 2027
3 Rev. Ana.
13 EPS Ana. 		Dec 2028
3 Rev. Ana.
11 EPS Ana. 		Dec 2029
2 Rev. Ana.
4 EPS Ana. 		Dec 2030
1 Rev. Ana.
4 EPS Ana.
Revenue
55.37B
est: 49.74B (+11.3%)
59.85B
est: 54.54B (+9.7%)
57.50B
est: 53.08B (+8.3%)
56.36B
est: 51.21B (+10.0%)
56.37B
est: 50.26B (+12.2%)
55.69B
est: 47.16B (+18.1%)
55.82B
est: 47.35B (+17.9%)
52.07B
est: 49.06B (+6.1%)
58.08B
est: 50.22B (+15.6%)
58.64B
est: 53.05B (+10.5%)
64.46B
est: 57.41B (+12.3%)
39.71B
est: 64.30B (-38.3%)
39.68B
est: 60.62B (-34.5%)
42.31B
est: 67.21B (-37.1%)
69.30B
est: 63.70B (+8.8%)
63.74B
56.96B – 66.20B
+0.1% YoY
66.35B
58.47B – 69.65B
+4.1% YoY
70.94B
62.95B – 74.08B
+6.9% YoY
73.62B
65.33B – 76.87B
+3.8% YoY
77.80B
69.04B – 81.24B
+5.7% YoY
EBITDA
1.45B
est: 3.34B (-56.6%)
4.55B
est: 164.49M (+2,667.3%)
4.33B
est: 3.91B (+11.0%)
3.70B
est: 3.00B (+23.4%)
4.44B
est: 2.69B (+64.8%)
4.18B
est: 3.33B (+25.5%)
961.00M
est: 3.76B (-74.4%)
3.74B
est: -222.68M (+1,781.4%)
4.15B
est: 2.81B (+47.6%)
1.82B
est: 3.43B (-46.9%)
4.47B
est: 3.59B (+24.5%)
13.17B
est: 3.72B (+254.3%)
7.72B
est: 11.55B (-33.2%)
9.41B
est: 12.80B (-26.5%)
9.36B
est: 12.14B (-22.9%)
12.15B
10.86B – 12.62B
+0.1% YoY
12.64B
11.14B – 13.27B
+4.1% YoY
13.52B
12.00B – 14.12B
+6.9% YoY
14.03B
12.45B – 14.65B
+3.8% YoY
14.83B
13.16B – 15.48B
+5.7% YoY
EBIT
1.45B
est: 3.55B (-59.2%)
4.55B
est: 574.63M (+692.2%)
4.33B
est: 4.25B (+2.0%)
3.70B
est: 3.70B (0.0%)
4.44B
est: 3.05B (+45.4%)
4.18B
est: 4.22B (-1.0%)
961.00M
est: 3.26B (-70.5%)
3.74B
est: 1.12B (+233.8%)
4.15B
est: 3.54B (+17.1%)
1.82B
est: 4.07B (-55.3%)
4.47B
est: 4.27B (+4.8%)
10.29B
est: 4.42B (+133.1%)
7.41B
est: 10.41B (-28.9%)
9.03B
est: 11.54B (-21.7%)
9.00B
est: 10.94B (-17.7%)
10.94B
9.78B – 11.37B
+0.1% YoY
11.39B
10.04B – 11.96B
+4.1% YoY
12.18B
10.81B – 12.72B
+6.9% YoY
12.64B
11.22B – 13.20B
+3.8% YoY
13.36B
11.85B – 13.95B
+5.7% YoY
Net Income
702.00M
est: 2.60B (-73.0%)
3.19B
est: 769.83M (+314.1%)
3.30B
est: 3.07B (+7.5%)
3.15B
est: 3.20B (-1.4%)
3.11B
est: 3.14B (-1.0%)
2.58B
est: 3.07B (-16.0%)
375.00M
est: 2.53B (-85.2%)
2.31B
est: 387.62M (+495.9%)
2.72B
est: 2.28B (+19.6%)
1.21B
est: 2.85B (-57.4%)
2.93B
est: 2.98B (-1.7%)
5.31B
est: 2.80B (+89.8%)
4.61B
est: 5.94B (-22.5%)
5.69B
est: 5.14B (+10.6%)
6.12B
est: 5.89B (+3.9%)
6.53B
6.37B – 6.68B
+10.8% YoY
6.81B
6.50B – 7.12B
+4.4% YoY
7.43B
7.10B – 7.76B
+9.1% YoY
8.22B
7.01B – 8.69B
+10.6% YoY
8.80B
7.51B – 9.30B
+7.0% YoY
SGA
2.68B
est: 7.17B (-62.7%)
2.79B
est: 7.86B (-64.5%)
2.74B
est: 7.65B (-64.2%)
2.74B
est: 2.61B (+4.7%)
2.99B
est: 2.75B (+8.9%)
2.95B
est: 2.94B (+0.2%)
2.96B
est: 2.94B (+0.7%)
3.03B
est: 3.15B (-4.0%)
3.13B
est: 3.02B (+3.8%)
2.84B
est: 3.53B (-19.5%)
3.00B
est: 3.70B (-18.8%)
7.81B
est: 3.83B (+104.0%)
8.62B
est: 8.15B (+5.7%)
8.97B
est: 9.03B (-0.7%)
—
est: 8.57B (-100.0%)
8.57B
7.66B – 8.90B
+0.1% YoY
8.92B
7.86B – 9.37B
+4.1% YoY
9.54B
8.47B – 9.96B
+6.9% YoY
9.90B
8.78B – 10.34B
+3.8% YoY
10.46B
9.28B – 10.92B
+5.7% YoY
EPS
3.94
est: 3.46 (+13.9%)
17.94
est: 17.72 (+1.2%)
18.45
est: 17.65 (+4.5%)
18.31
est: 18.83 (-2.7%)
18.73
est: 18.70 (+0.2%)
16.13
est: 16.74 (-3.7%)
2.44
est: 2.52 (-3.1%)
15.53
est: 15.57 (-0.3%)
18.96
est: 19.06 (-0.5%)
8.63
est: 8.88 (-2.9%)
20.94
est: 21.02 (-0.4%)
24.63
est: 23.66 (+4.1%)
33.88
est: 44.18 (-23.3%)
42.78
est: 42.41 (+0.9%)
47.15
est: 47.51 (-0.8%)
49.95
49.08 – 51.51
+5.1% YoY
52.48
50.09 – 54.91
+5.1% YoY
57.01
54.76 – 59.79
+8.6% YoY
63.34
54.07 – 66.98
+11.1% YoY
67.79
57.86 – 71.69
+7.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-19 B+ 3/5 1/5 5/5 4/5 3/5 3/5 2/5
2026-05-18 B+ 3/5 1/5 5/5 4/5 3/5 3/5 2/5
2026-05-15 B 3/5 1/5 5/5 4/5 3/5 2/5 1/5
2026-05-14 B 3/5 1/5 5/5 4/5 3/5 2/5 1/5
2026-05-13 B 3/5 1/5 5/5 4/5 3/5 2/5 1/5
2026-05-12 B 3/5 1/5 5/5 4/5 3/5 2/5 1/5
2026-05-11 B 3/5 1/5 5/5 4/5 3/5 2/5 1/5
2026-05-08 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-07 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-06 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-05 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-05-04 B 3/5 1/5 5/5 5/5 3/5 2/5 1/5
2026-04-30 B 3/5 1/5 5/5 5/5 2/5 3/5 1/5
2026-04-29 B 3/5 1/5 5/5 5/5 2/5 3/5 1/5
2026-04-28 B 3/5 1/5 5/5 5/5 2/5 3/5 1/5
2026-04-27 B 3/5 1/5 5/5 5/5 2/5 3/5 1/5
2026-04-24 B 3/5 1/5 5/5 5/5 2/5 3/5 1/5
2026-04-23 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-04-22 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-04-21 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-04-20 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-04-17 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-04-16 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-04-15 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-148.07M
OE per share TTM
-1.13
Owner's Yield
-0.24%
Maintenance CapEx ratio
0.25%
Maint CapEx / Avg PPE
10.7%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
1
Total invested
122.68M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2025 Q4
Investors holding
1
+0 vs prev Q
New positions
0
Closed positions
0
Increased
0
Reduced
1
Put/Call ratio
0.00
Calls held
—
Puts held
—
Top institutional holders
# Investor ⇅ Shares / Δ ⇅ Mkt value / Δ ⇅ Own% / Δ ⇅ Weight% / Δ ⇅ Avg px / Perf. ⇅ Hold / Status ⇅
1 ARISTOTLE CAPITAL MANAGEMENT, LLC 185.8K -2.7K (-1.4%) 122.68M +2.3M (+1.9%) 0.14% -0.001 pp 0.25% +0.013 pp EUR251.31 +123.7% 15 qtrs —
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
205.8K
Shares Outstanding
127.96M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andrew James Buchanan Chief Financial Officer & Member of Management Board 3M male
Christoph Jurecka CEO & Chairman of Management Board 3M —
Michael Kerner Member of Management Board 3M male
Clarisse Kopff Member of Management Board 3M female
Mari Lizette Malherbe Member of Management Board 3M female
Thomas Blunck Member of Management Board 3M —
Achim Kassow Chief Transformation Officer & Member of Management Board 2M —
Nicholas J. Gartside Chief Investment Officer & Member of Management Board 2M male
Stefan Heinrich Golling Member of Management Board & Labour Relations Director 2M male
Markus Riess Head of Economics, Sustainability & Public Affairs and Member of Management Board 1M —
Soobum Lee Head of the Operation — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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