Munich Re Targets Net Profit Of €6 Billion ($6.3 Billion) For 2025

Munich Re is aiming for an IFRS nett profit of €6 cardinal (US$6.3 billion) successful 2025 arsenic a consequence of “consistently bully operational capacity successful each business segments.”

It besides expects bully underwriting profitability pinch a mixed ratio of 79% successful property/casualty reinsurance and 90% successful Global Specialty Insurance (GSI), nan second of which will go a abstracted IFRS reporting conception from 2025. (A mixed ratio beneath 100% indicates underwriting profits).

Munich Re expects group security gross to scope €64 cardinal ($67.2 billion) successful 2025, and its return connected finance to amended to supra 3.0%.

In its reinsurance business, Munich Re anticipates an description of security gross to €42 cardinal ($44.1 billion) and a nett profit of €5.1 cardinal ($5.3 billion) successful 2025.

Due to expected beardown business maturation successful GSI and a little discounting effect compared to 2024, this corresponds to a mixed ratio of 83% for P/C reinsurance according to nan existent segmentation. In life and wellness reinsurance, Munich Re projects a full method consequence of €1.7 cardinal ($1.8 billion) successful 2025.

ERGO, which is Munich Re’s superior security arm, is expected to make security gross of €22 cardinal ($23.1 billion) successful 2025, continuing its beardown improvement successful caller years pinch a profit publication of €0.9 cardinal ($944.6 million). A mixed ratio of 89% is envisaged astatine ERGO Germany, and 90% astatine ERGO International.

From 2025 onwards, Munich Re will disclose ERGO Germany arsenic a azygous reporting unit, combining nan German life and wellness and property-casualty businesses.

Source: Munich Re

Topics Profit Loss