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Munich Re resolves share buy-back with a volume of up to €1bn

02/22/2023

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    Munich Reinsurance Company has resolved to buy back shares for a maximum total value of €1bn in the period between 6 May 2023 and, at the latest, the Annual General Meeting on 25 April 2024. The repurchased shares are to be retired. Together with the Board of Management’s dividend proposal to the Annual General Meeting of €11.60 per share, Munich Re’s capital repatriation thus totals €2.6bn.

    Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The Group consists of the reinsurance and ERGO business segments, as well as the asset manager MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake through Hurricane Ida in 2021. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies or cyber risks. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

    Disclaimer
    This media release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development of our Company, in particular the results, financial situation and performance. The Company assumes no liability to update these forward-looking statement or to make them conform to future events or developments.

    Further information

    For media inquiries please contact:
    Stefan Straub
    Stefan Straub
    Head of Group Media Relations
    Axel Rakette
    Axel Rakette
    Spokesperson
    Irmgard Joas
    Irmgard Joas
    Spokesperson
    Faith Thoms
    Media Relations Asia Pacific
    Ashleigh Lockhart
    Ashleigh Lockhart
    Media Relations North America
    Lillian Ng
    Lillian Ng
    Head of Marketing Communications