Munich Re Profit Dented By Currency Headwinds
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Munich Re reported an 11.5% decline in fourth-quarter profit, totaling 945 million euros, impacted by foreign exchange fluctuations. The reinsurer's insurance revenue matched estimates at 15.25 billion euros, while investment results rose by 10% to 1.62 billion euros. CEO Christoph Jurecka noted 2025 was pivotal, surpassing the 6 billion euro profit target. The company forecasts a net profit of 6.3 billion euros for 2026 and plans a dividend of 24 euros per share alongside a share buyback program of up to 2.25 billion euros.
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