Munich Re

Reinsurer and primary insurer through ERGO

Overview

Munich Re Group reported fiscal 2025 revenue of US$69.8bn, up 4.02% on the prior year in dollar terms, making it Germany’s second-largest insurer in the ranking after Allianz.[1] The Munich-headquartered group employs 43,982 people and is classified by Fortune under property and casualty insurance.[1] Its revenue is close to BASF’s, while its workforce is less than half the size of the chemical group’s.[1]

Munich Re strengths and limitations

Strengths

  • Largest reinsurer by revenue
  • Profit of US$6,901m

Limitations

  • Exposed to natural-catastrophe losses
  • Revenue converted from euros

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Munich Re peers and competitors

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