Munich Re: 2025 results forecast

Munich Re has announced its financial targets for the year 2025. The German group is aiming for a net profit of 6 billion EUR (6.3 billion USD) and insurance revenue of 64 billion EUR (67.2 billion USD). Return on investment is expected to exceed 3%.

For the reinsurance business, Munich Re is expecting net profit of 5.1 billion EUR (5.4 billion USD) and insurance revenue of 42 billion EUR (44.1 billion USD).

The P&C segment would have a combined ratio of 79%, while Global Specialty Insurance (GSI) would have a combined ratio of 90%. This business will be reported as a separate IFRS 17 segment starting in 2025.

Under the current segmentation, the P&C line's combined ratio would stand at 83% in 2025.

The L&H business would record an underwriting result of 1.7 billion EUR (1.8 billion USD).

ERGO, the group's direct insurance subsidiary, would close 2025 with a net profit of 900 million EUR (944.6 million USD) and revenue of 22 billion EUR (23.1 billion USD).

Financial results for 2024 are scheduled for publication on 26 February 2025.