Responsible Corporate Governance

Munich Re shares – An investment in sustainability

The consistent emphasis on sustainability in our corporate governance is also reflected in our share price. Munich Re shares and their specific » risk-return profile are an attractive option for investors. Their attractiveness is enhanced by the fact that Munich Re pursues a policy of open and transparent communication vis-à-vis shareholders, clients and investors.

Munich Re is committed to the creation of sustained value. The strategy derived from this objective has, as our share performance shows, also proved its worth in recent economic and financial crises. And we are continuing to pursue this strategy. The core of our corporate activities is value- and risk-based management, integrated and active risk management and our comprehensive risk knowledge. This business policy, which is accompanied by continuous, open and transparent communication with all capital market participants, ensures that our shares remain a stable and reliable investment. Again in 2010, investors benefited from Munich Re’s capital strength, tried and tested risk management, and active cycle and portfolio management. A high degree of clarity in leadership and strategy has already won over numerous investors, whose confidence in our company is growing more and more.

High standards pay off

The benefits of our holistic approach can be clearly seen in the successes achieved to date. Since 2001, for instance, our shares have featured in the Dow Jones Sustainability Index and the FTSE4Good. These indices only accept companies that fulfil high ecological and social standards and are among the best in their sector. Munich Re plays a pioneering role here with its corporate responsibility strategy. oekom research AG, one of the world’s leading » rating agencies for sustainable investments, recently confirmed Munich Re’s prime status. Based on an evaluation of Munich Re’s social and ecological activities, oekom research assigns us a leading position in the field of corporate responsibility.

Rolf Häßler

“Having been awarded oekom's “prime status” in corporate rating, Munich Re is one of the leading insurance companies in terms of corporate social responsibility (CSR). At the same time we see that there is still room for improvement. With its commitment to the Principles for Sustainable Insurance, Munich Re is paving the way for the future.”

Rolf Häßler, Director, Head of Corporate Communications, oekom Research AG

Further advantages for investors

Given their favourable performance outlook, Munich Re shares remain a promising stock for many investors. Particularly convincing are their high » total shareholder return and continuingly low » volatility. We have been able to pay high dividends and to buy back shares. Our shareholders also value our responsible corporate governance structures and our firmly established and certified environmental management system. Munich Re’s compliance with the UN Principles for Responsible Investment (PRI) in its investment decisions is playing an increasing role for investors and rating agencies – sustainability that pays.


The annualised total return on shares takes into account both the change in the share price and the dividends paid over a six-year period (1 January 2005 to 31 December 2010), based on Datastream total return indices in local currency and a volatility calculation with 250 trading days per year.