Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; ERGO Property-Casualty Germany; and ERGO International. It offers life and health reinsurance solutions, such as financial market risks, data analytics, claims handling and underwriting, medical research, health market, capital management, and digital underwriting and analytics, as well as MIRA digital suite; and property and casualty reinsurance solutions, including agricultural risk, data analytics, infrastructure risk profiler, remote inspection, retroactive reinsurance, insurance linked securities, location risk, risk transfer, and cyber, as well as NatCatSERVICE for natural catastrophe loss database, REALYTIX ZERO, IMPROVEX, cert2go, consulting for product development, prospective structured reinsurance, and Vahana AI for motor claims. The company also provides solutions for industry clients, such as IoT cover, earnings quality insurance protection, captive insurance and risk transfer, liability, weather risks, space and satellite insurance, bioenergy plant performance insurance, solar energy insurance, wind farm insurance, mining insurance, construction projects covers and services, aviation insurance, power and utilities, oil and gas companies insurance, industrial cyber insurance, risk suite, data and location risk intelligence, digital risks, PV warranty insurance, parametric, Insure AI, liquidation damage cover, and natural catastrophes solutions. In addition, it offers life, property-casualty, health, legal protection, and travel insurance products under the ERGO brand name. The company was founded in 1880 and is based in Munich, Germany.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

HSB - Hartford Steam Boiler

MEAG

Munich Re Specialty Insurance

ERGO Group AG

HSB | UK and Ireland

Munich Re Risk Solutions Ireland

Munich Re Automation Solutions Ltd

New Reinsurance Company Ltd. (NewRe)

GrovesJohnWestrup Private Clients

Digital Partners, a Munich Re company

American Modern Insurance Group

Great Lakes Insurance SE

HSB Canada

Munich Re Syndicate Limited

HSB Solomon Associates Canada Ltd.

Munich Re Trading LLC

Bell & Clements

Roanoke Insurance Group Inc.

Roanoke International Brokers Limited

Munich Re Ventures

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. We are globally active and operate in all lines of the insurance business. 

Since our founding in 1880, we’ve been known for our unrivaled risk-related expertise and sound financial position. We offer customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. We possess outstanding innovative strength, which enables us to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyber attacks, or pandemics.

We’re also playing a key role in driving forward the digital transformation of the insurance industry, and in doing so have further expanded our ability to assess risks and the range of services that we offer. Our tailor-made solutions and close proximity to our customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

Working at Munich Re is more than a career. It’s an invitation to tackle some of the world’s most pressing challenges. Together with our team, consisting of specialists from more than 80+ fields of expertise, we turn risks into exciting opportunities that move humanity forward. https://www.munichre.com/en/career

Munich Re Careers: p0050001738@munichre.com
Munich Re Imprint: www.munichre.com/en/service/imprint/index.html
Munich Re Legal Notice: https://www.munichre.com/en/service/legal-notice/index.html
Munich Re Privacy Policy: https://www.munichre.com/en/service/privacy-statement/index.html

By accessing the Munich Re LinkedIn page, you agree to LinkedIn's terms and conditions and its data use policy: www.linkedin.com/legal/privacy-policy

© 2000–2018
Münchener Rückversicherungs-Gesellschaft
Group Communications

mnubo

Grupo T-Solar

Munich Re

As we enter the Year of the Dragon which is associated with strength and wisdom, we wish everyone a year full of prosperity, joy, and success. Happy Lunar New Year! 🐉

Want to leverage #data and technology for your commercial motor business? Check out our webinar: https://ow.ly/Kme350QwKbi

#underwriting #pricing 

Sinovoltaics is a technical compliance and quality engineering consultancyin the field of photovoltaics and battery storage. As a long-standing partner of Munich Re's #GreenTechSolutions, Sinovoltaics conducts technical due diligence audits of PV manufacturers. Passing these factory inspections entitle manufacturers to be covered by Munich Re’s PV performance insurance. 
At the same time, due to their inspection excellence, Sinovoltaics offers a quality guarantee for their service: if inspected panels fail due to manufacturing related issues, Sinovoltaics will pay the labor costs to install new panels. 

Last year Munich Re has intensified the partnership by covering Sinovoltaics’ quality guarantee. 
This enables our partner to provide a backstopped quality guarantee and Munich Re's cover signals additional trust to their customers and prospects. 
Sinovoltaics has now given one of its largest clients a quality guarantee for several major projects in 2024 and therefore is helping to significantly reduce the remaining technological risk of PV installations.

Find out more: https://ow.ly/sBz550QwJJb

#qualityguarantee #pv

Get the latest insights into commercial motor #underwriting and #pricing. Register for our webinar: https://ow.ly/xmEN50QwK1V

#datadriven 


	Mar '14	Jun '14	Sep '14	Dec '14	Mar '15	Jun '15	Sep '15	Dec '15	Sep '17	Dec '17	Sep '18	Dec '18	Mar '21	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22	Dec '22	Mar '23	Jun '23	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24
net income	941M -	762M 19.02%	736M 3.41%	729M 0.95%	790M 8.37%	1.08B 36.20%	525M 51.21%	731M 39.24%	-1.44B 296.44%	538M 137.47%	483M 10.22%	237M 50.93%	593M 150.21%	1.11B 86.51%	365M 67.00%	869M 138.08%	1.48B 69.74%	1.58B 7.46%	527M 66.75%	1.53B 189.75%	1.27B 16.50%	1.15B 9.57%	1.17B 1.30%	1.01B 13.44%	2.14B 111.67%	1.62B 24.11%	930M 42.73%
depreciation and amortization
deferred income tax
stock based compensation
change in working capital	2.09B -	2.39B 14.45%	1.89B 20.99%	514M 72.80%	4.49B 773.15%	-822M 118.32%	-131M 84.06%	512M 490.84%	1.60B 212.30%	-201M 112.57%	83M 141.29%	-434M 622.89%
accounts receivables
inventory
accounts payables
other working capital
other non cash items	79M -	-1.04B 1,422.78%	-629M 39.81%	-932M 48.17%	-2.88B 208.80%	316M 110.98%	-70M 122.15%	-210M 200%	-120M 42.86%	-425M 254.17%	293M 168.94%	106M 63.82%	-593M 659.43%	-1.11B 86.51%	-365M 67.00%	-869M 138.08%	-1.48B 69.74%	-1.58B 7.46%	-527M 66.75%	-1.53B 189.75%	-1.27B 16.50%	-1.15B 9.57%	-1.17B 1.30%	-1.01B 13.44%	-2.14B 111.67%	-1.62B 24.11%	-930M 42.73%
net cash provided by operating activities	3.11B -	2.11B 32.19%	2.00B 5.31%	311M 84.43%	2.40B 671.70%	570M 76.25%	324M 43.16%	1.03B 218.83%	43M 95.84%	-88M 304.65%	859M 1,076.14%	-91M 110.59%
investments in property plant and equipment
acquisitions net	-31M -		-66M -	-16M 75.76%	12M 175%		-65M -	22M 133.85%	45M 104.55%		-157M -	-672M 328.03%
purchases of investments	-2.62B -	-250M 90.46%		-277M -	-1.86B 572.20%	1.00B 153.97%	547M 45.57%	-702M 228.34%
sales maturities of investments
other investing activites	-37M -	-13M 64.86%	-1.75B 13,338.46%	119M 106.81%	32M 73.11%	11M 65.63%	165M 1,400%	-195M 218.18%	-121M 37.95%	522M 531.40%	-340M 165.13%	1.13B 430.88%
net cash used for investing activites	-2.69B -	-263M 90.22%	-1.81B 589.35%	-174M 90.40%	-1.82B 944.83%	1.02B 155.89%	647M 36.32%	-875M 235.24%	-76M 91.31%	522M 786.84%	-497M 195.21%	453M 191.15%
debt repayment
common stock issued
common stock repurchased
dividends paid		-1.25B -	-2M 99.84%			-1.29B -			-3M -	-1M 66.67%
other financing activites	-604M -	-258M 57.28%	-270M 4.65%	-305M 12.96%	-240M 21.31%	-105M 56.25%	-357M 240%	-340M 4.76%	-112M 67.06%	-334M 198.21%	-219M 34.43%	921M 520.55%
net cash used provided by financing activities	-604M -	-1.51B 150.50%	-272M 82.02%	-305M 12.13%	-240M 21.31%	-1.40B 483.33%	-357M 74.50%	-340M 4.76%	-115M 66.18%	-335M 191.30%	-219M 34.63%	921M 520.55%
effect of forex changes on cash	102M -	15M 85.29%	73M 386.67%	8M 89.04%	267M 3,237.50%	-37M 113.86%	-33M 10.81%	-28M 15.15%	-29M 3.57%	-27M 6.90%	-12M 55.56%	-67M 458.33%
net change in cash	-81M -	348M 529.63%	-15M 104.31%	-160M 966.67%	609M 480.63%	149M 75.53%	581M 289.93%	-210M 136.14%	-176M 16.19%	71M 140.34%	127M 78.87%	1.22B 857.48%
cash at beginning of period	2.82B -	2.74B 2.87%	3.09B 12.71%	3.07B 0.49%	2.91B 5.21%	3.52B 20.91%	3.67B 4.23%	4.25B 15.83%	3.73B 12.19%	3.56B 4.71%	3.81B 7.03%	3.93B 3.34%							6.31B -
cash at end of period	2.74B -	3.09B 12.71%	3.07B 0.49%	2.91B 5.21%	3.52B 20.91%	3.67B 4.23%	4.25B 15.83%	4.04B 4.94%	3.56B 11.98%	3.63B 2.00%	3.93B 8.43%	5.15B 30.91%							6.31B -
operating cash flow	3.11B -	2.11B 32.19%	2.00B 5.31%	311M 84.43%	2.40B 671.70%	570M 76.25%	324M 43.16%	1.03B 218.83%	43M 95.84%	-88M 304.65%	859M 1,076.14%	-91M 110.59%
capital expenditure
free cash flow	3.11B -	2.11B 32.19%	2.00B 5.31%	311M 84.43%	2.40B 671.70%	570M 76.25%	324M 43.16%	1.03B 218.83%	43M 95.84%	-88M 304.65%	859M 1,076.14%	-91M 110.59%

COM:MUNICHRE

Munich Re Group

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