Münchener Rück
The insurer that other insurers buy insurance from.
52-week range
As of 5 Oct 2026, 16:52What does Münchener Rück do?
Munich Re is one of the world’s largest reinsurers. That means other insurance companies pass part of their risk on to Munich Re, for example from storms, earthquakes or major accidents, and pay part of their premiums in return. The group also owns ERGO, which sells directly to consumers, including health, life and car insurance.
Insured with ERGO, DKV or D.A.S. legal protection? Then you are already a Munich Re customer, because these brands belong to the group.
How Münchener Rück makes money
- ERGO (primary insurance)36 %
- Property & casualty reinsurance30 %
- Life & health reinsurance20 %
- Specialty insurance (Global Specialty Insurance)14 %
Strengths
- More than 140 years of experience and a very strong capital base.
- A record year in 2025, with a profit of about €6.1 billion.
- Has raised its dividend regularly in recent years and buys back its own shares.
Risks
- Major natural disasters are expensive: the 2025 Los Angeles wildfires alone cost Munich Re about €0.8 billion.
- Climate change is making extreme weather damage more frequent and more expensive.
- A large part of the business is in US dollars, so currency swings matter.
- Founded
- 1880
- Headquarters
- Munich, Germany
- Employees
- about 44,000
What if you had invested in Münchener Rück earlier?
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This page explains the company and is not a recommendation to buy or sell.