Munich Re: share up as 2025 target confirmed

(CercleFinance.com) - German reinsurer Munich Re on Wednesday confirmed its earnings forecast for 2025, after exceeding its targets for 2024.


These announcements were warmly welcomed by the market, with Munich Re shares gaining over 3% on the Frankfurt Stock Exchange, one of the strongest gains on the DAX (+0.8%).

The group announced a net profit of E5.7bn, compared with E4.6bn in 2023, a figure above its initial target of E5bn.

In a press release, Munich Re points out that this is the fourth year in a row that it has exceeded its forecasts.

For 2025, the company said it was aiming for sales of Ebillion euros.

With regard to the impact of the fires that ravaged Los Angeles in January, the reinsurer says it expects the insurance sector to suffer the biggest losses in its history.

In terms of its own accounts, Munich Re says it anticipates a negative impact of around E1.2bn.


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