Munich Re Surpasses Quarterly Expectations with €2.1bn Profit

Munich Re has posted a robust performance in Q2 2025, reporting a preliminary net profit of approximately €2.1bn. This figure significantly exceeds the analysts’ consensus estimate of €1.624bn for the quarter. The company attributes this success to strong operational performance and notably low major-loss expenditure in their property-casualty reinsurance segment. Additionally, the Global Specialty Insurance division experienced major losses that were below average expectations, contributing to the overall positive outcome.

However, ERGO's performance in life and health reinsurance was affected by unexpected major losses. Currency depreciation, particularly of the US dollar, also led to a negative currency result for the Group. Despite these challenges, Munich Re anticipates a net result of €6bn for the full year 2025, backed by the €3.2bn profit recorded in the first half of the year.

Munich Re plans to release final Q2 2025 results on 8 August 2025.