Munich RE Chair Joachim WenningMunich RE Chair Joachim Wenning

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.

Read more about the dividends.

Dividends will increase to €15 per share, and a new share buy-back program of €1.5bn is planned.

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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