Munich Re eyes $6.3b net profit in 2025

The company expects group insurance revenue to reach $67.2b.

Munich Re has set a target for an IFRS net profit of $6.3b (€6b) in 2025, driven by strong operational performance across all business segments.

The company expects group insurance revenue to reach $67.2b (€64b) in 2025, with a return on investment exceeding 3.0%.

In the reinsurance segment, Munich Re forecasts insurance revenue of $44.1b (€42b) and a net profit of $5.4b (€5.1b) for 2025.

The company plans to capitalise on favourable market conditions and its strong market position.

The combined ratio is projected to remain profitable, with 79% in property and casualty (P&C) reinsurance and 90% in Global Specialty Insurance (GSI).

Starting in 2025, GSI will be reported as a separate IFRS segment.

Overall, the combined ratio for P&C reinsurance, based on current segmentation, is expected to be 83%. In life and health reinsurance, Munich Re anticipates a technical result of $1.8b (€1.7b) in 2025.

In the ERGO business segment, Munich Re aims for insurance revenue of $23.1b (€22b) in 2025, with a profit contribution of $0.95b (€0.9b).

The combined ratio is forecasted at 89% for ERGO Germany and 90% for ERGO International. From 2025 onward, ERGO Germany will be reported as a single unit, combining its life and health and property-casualty businesses.

Munich Re will release its full-year 2024 financial figures on 26 February 2025.

($1.00 = €0.95)