“Munich Re is in an excellent financial condition,” stated Christoph Jurecka, Chair of Munich Re’s Board of Management in his address to the shareholders at the group’s AGM, voicing his satisfaction with the Group’s operational performance.

The Group generated a record-setting net result of EUR 6.1 billion in 2025, while also delivering on its medium-term targets. The CEO explained that Munich Re had achieved or outperformed every single financial and non-financial target defined in its five-year Ambition 2025 strategy program. He added that the new Ambition 2030 strategy defines the path to sustain the Group’s success story well into the future.

As part of Ambition 2030, Munich Re is seeking to boost revenue, profitability and efficiency. More specifically, Jurecka stated that the Group is aiming for a return on equity of over 18% by 2030; average earnings per share growth of more than 8% per year; and an increasing total payout ratio to surpass 80% per year. In addition, the Solvency II ratio is to consistently remain above 200%.

In this context, the CEO explained that Munich Re would place an even greater focus on becoming a diversified insurance group that offers “reinsurance, primary insurance and specialty insurance at scale.” He added that doing so would make it possible to enhance both the absolute volume and the relative stability of the net result, which is the essence of the new Group strategy.

Against the backdrop of an unstable world, Jurecka underscored the significant role that the insurance industry plays in the global community: “Insurance is society’s immune system. Insurance protects people, mitigates financial losses, and enables progress.” The CEO also said that Munich Re’s financial strength and excellence are essential to the Group fulfilling its role in society.