Munich Re’s net result increases to €1.9bn in Q3 2025

Munich Re reported a nett effect of €1.9bn for the 3rd 4th of 2025 (Q3 2025), compared with €907m successful the aforesaid play past year.

The group's method effect for the 4th reached €2.8bn, up from €1.69bn, portion the operating effect stood astatine €3.03bn, much than treble the €1.16bn fig a twelvemonth ago.

In its fiscal reporting, Munich Re has since Q1 of this twelvemonth presented its Global Specialty Insurance (GSI) operations arsenic a abstracted conception wrong reinsurance.

These activities, antecedently categorised nether property-casualty reinsurance, person had their comparative figures restated accordingly.

The reinsurance part contributed €1.6bn to the radical nett effect successful Q3, up from €766m successful the corresponding 4th the erstwhile year.

However, security gross from issued contracts declined to €9.2bn from €10.2bn.

Within beingness and wellness reinsurance, the full method effect decreased to €314m from €507m, chiefly owed to little favourable claims acquisition – which remained wrong mean fluctuation levels – portion the conception effect fell to €286m from €481m.

The property-casualty reinsurance nett effect for Q3 recorded an summation to €1.18bn (up from €263m), attributed chiefly to precise debased major-loss expenditure.

Insurance gross decreased to €4.2bn from €5.05bn; this was attributed chiefly to currency effects and a simplification of concern that nary longer met profitability criteria.

A merchandise of €47m was recorded relating to large earthy catastrophe losses successful Q3. This contrasts with costs of €1.13bn registered successful the prior-year 4th owed to respective ample events crossed North America and Europe.

The GSI conception posted a nett effect of €221m for Q3 2025, arsenic against €22m for the aforesaid play past year.

Insurance gross fell somewhat to €2.15bn from €2.23bn.

Munich Re’s concern activities generated a effect of €2.38bn for Q3, up from €2.09bn.

In the ERGO concern field, the nett effect for Q3 2025 reached €304m against past year’s €141m – a improvement supported by respective one-off effects totalling astir €50m.

For the archetypal 9 months of 2025 (Q1–3), Munich Re posted a nett effect of €5.1bn versus €4.6bn a twelvemonth ago.

The reinsurance segment's cumulative publication for Q1–3 stood astatine €4.3bn (Q1–3 2024: €3.9bn).

Munich Re main fiscal serviceman Christoph Jurecka said: “Munich Re generated a precocious nett effect of conscionable nether €2bn successful the 3rd quarter. We are truthful afloat connected way to execute our people of €6bn for the afloat year. The main reasons for the outstanding quarterly effect were the fantabulous combined ratios successful property-casualty reinsurance and Global Specialty Insurance, successful summation to bully operating show overall. These ratios bespeak a below-average major-loss expenditure.