Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Q1 Earnings Call Highlights
Key takeaways
- Munich Re posted a Q1 2026 net result of EUR 1.7 billion, with CFO Andrew Buchanan calling it a strong start to the year.
- The reinsurer’s capital position remained strong, with IFRS equity rising to EUR 34.6 billion and a Solvency II ratio of 292%, even after accounting for the new share buyback program.
- Reinsurance and ERGO both contributed solidly, helped by low major losses and strong underwriting performance, especially in P&C reinsurance where the combined ratio was 66.8%.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Q1 Earnings Call Highlights Market Beat Tue, May 12, 2026 at 5:07 PM GMT+7 7 min read MUV2.DE MUV2 Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München logo Key Points Interested in Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München? Here are five stocks we like better.
Munich Re posted a Q1 2026 net result of EUR 1.7 billion, with CFO Andrew Buchanan calling it a strong start to the year. The company said it remains on track to meet its full-year net profit target of EUR 6.3 billion.
The reinsurer’s capital position remained strong, with IFRS equity rising to EUR 34.6 billion and a Solvency II ratio of 292%, even after accounting for the new share buyback program. However, the quarter’s investment result was pressured by market volatility, leaving returns below full-year guidance.