Munich Re sees surge in Q1 profit
- September 1, 2025
- Posted by: Web workers
- Category: Finance
(Reuters) — German reinsurer Munich Re Wednesday reported a sharp rise in first-quarter profit and reaffirmed its earnings outlook for the year.
“Munich Re kicked off the new financial year with great momentum. Our Q1 net result this year is nearly 70% higher than in 2023. Every line of business played a role in this impressive performance,” said Chief Financial Officer Christoph Jurecka.
“In addition, we got a boost from the treaty renewals at April 1, where we tapped into attractive growth opportunities against a backdrop of continuing high rates.”
Munich Re recorded a first-quarter net profit of €2.140 billion ($2.3 billion), up from €1.271 billion in the year-earlier period.
The reinsurance business recorded a net result of €1.888 billion, up from €1.051 billion in the year-earlier period. The ERGO group of insurance companies owned by Munich Re contributed a net profit of €252 million, up from €219 million.
Munich Re’s investment profit rose to €2.163 billion from €1.612 billion.
Operating profit stood at €2.928 billion, up from €1.768 billion.
Looking ahead, Munich Re said it still expects to post a net profit of €5 billion for the year.
