---
title: "Munich Re Profit Rises With Marginal Hit From Iran War"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286045684.md"
description: "Munich Re reported a first-quarter net profit of 1.71 billion euros for 2026, up from 1.09 billion euros the previous year, despite a limited impact from the Iran war, which resulted in claims of 90 million euros. Revenue from insurance contracts fell to 15.02 billion euros, below analysts' expectations of 16.07 billion euros, attributed to currency translation effects. The investment result was 1.68 billion euros with a 2.9% return on investment. The company maintains its annual net profit outlook of 6.3 billion euros."
datetime: "2026-05-12T06:30:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286045684.md)
  - [en](https://longbridge.com/en/news/286045684.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286045684.md)
---

# Munich Re Profit Rises With Marginal Hit From Iran War

By Aimee Look

Munich Re reported a rise in first-quarter profit, while it posted a limited hit in claims from the Iran war.

The German reinsurer booked net profit of 1.71 billion euros ($2.02 billion) for the first three months of 2026 compared with 1.09 billion euros for the prior year period. Analysts had expected 1.66 billion euros in net profit, according to estimates compiled by Visible Alpha.

Munich Re said claims from the Iran war were around 90 million euros, with 60 million euros attributable to Global Specialty Insurance, and 30 million to property-casualty reinsurance.

Revenue from insurance contracts was 15.02 billion euros, compared with 15.81 billion euros the year prior in the same period. Analysts had seen insurance revenue from insurance contracts at 16.07 billion euros. Munich Re attributed the decline to adverse currency translation effects.

Investment result was 1.68 billion euros, with a return on investment of 2.9%, which the company said was achieved despite recent volatility in capital markets.

Munich Re backed its outlook for the year of 6.3 billion euros in net profit.

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

May 12, 2026 02:16 ET (06:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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