Munich, Germany — Munich Re said Tuesday, it exceeded profit targets for three consecutive years, with a net result of тВм4.6bn surpassing expectations by тВм600 million.
The company anticipates a net result of тВм5bn for 2024, with a focus on insurance capacity for extreme weather and cyber risks. Munich Re’s financial data for 2023 showed strong performance across all business segments.
Dividends will increase to тВм15 per share, and a new share buy-back program of тВм1.5bn is planned.