Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München revenue and financials
€511.80Change from previous close: −0.04%Absolute change: −€0.20
In the fiscal year ended December 2025, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München reported revenue of €62.31B (−3.28% year over year). Net income was €6.12B, a net margin of 9.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −3.28%
- 2025 vs 2024
- Net income growth
- +7.26%
- 2025 vs 2024
- Net margin
- 9.8%
- 2024: 8.9%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 4,906 | 3,143 | 2,543 | 3,972 | 5,226 |
| Depreciation and amortization | 78.0 | 64.0 | 61.0 | 2,718 | 352 |
| Capital expenditure | -300 | -316 | -346 | -349 | — |
| Investing cash flow | -1,457 | -505 | -329 | -270 | -3,818 |
| Financing cash flow | -3,820 | -2,228 | -2,983 | -2,702 | -1,681 |
| Dividends paid | -2,613 | -2,006 | -1,583 | -1,541 | -1,373 |
| Share repurchases | -1,878 | -1,437 | -1,041 | -605 | — |
| Debt issued | 1,242 | 1,487 | 0.0 | 0.0 | — |
| Debt repaid | -199 | -141 | -134 | -457 | — |
| Effect of exchange rates | -236 | 122 | -47.0 | 35.0 | 146 |
| Net change in cash | -608 | 533 | -817 | 1,035 | -127 |
| Free cash flow | 4,742 | 2,976 | 2,395 | 3,832 | 5,226 |
| Levered free cash flow | 6,034 | 4,444 | 4,911 | -37,238 | 12,671 |