Munich, Germany — Munich Re said Tuesday, it exceeded profit targets for three consecutive years, with a net result of €4.6bn surpassing expectations by €600 million.
The company anticipates a net result of €5bn 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 €15 per share, and a new share buy-back program of €1.5bn is planned.