German reinsurer Munich Re announced plans to return €5.3 billion ($6.3 billion) to shareholders through a new buyback program and a higher dividend.
The firm aims to repurchase as much as €2.25 billion of its stock, according to a statement on Wednesday. It is also intends to propose a dividend of €24.00 per share for 2025, up from €20 in the prior year.
Munich Re outlined new mid-term targets in December. Under the strategy, which runs through the end of 2030, it plans to pay out more than 80% of profits through dividends and buybacks. That compares to an average of about 75% between 2020 and 2024.
The new buyback program is slated to start on Apr. 29, Munich Re said in the statement.
“Distributing a high proportion of profits is common in the insurance sector, but Munich Re leads the peer group,” DZ Bank said in a research note last week.
Munich Re generated net income of €945 million in the fourth quarter, bringing the total for the year to €6.1 billion, it said in a separate statement on Thursday. For 2026, Munich Re still aims to achieve a profit of €6.3 billion.
Photograph: The Munich Re logo at a press conference in Munich. Photo credit: Guenter Schiffmann/Bloomberg
Was this article valuable?
Here are more articles you may enjoy.
New Autopsy of Baby Killed by Police in Mississippi Deepens Outrage 
El Niño Likely Strongest in 75 Years, US Forecasters Say 
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO 
NYC to Publicly Identify Buildings Testing Positive for Legionnaires’ Bacteria 
