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Munich Re has posted a net profit of 1.094 billion EUR (1.2 billion USD) as at 31 March 2025, showing a year-on-year decline of 48.3%.
The underwriting result fell by 22.4% to 2.054 billion EUR (2.2 billion USD). As for the operating result, it dropped by 49% over one year to 1.465 billion EUR (1.6 billion USD).
The German group closed the first quarter of the current financial year with a 5% growth in insurance revenue, which reached 15.811 billion EUR (17.1 billion USD).
The company's shareholders' equity stood at 33.31 billion EUR (36.1 billion USD), with a robust solvency ratio of 285%, well above the optimal range of 175%-220%.
Return on equity (ROE) for the period was 13.3%.
In the first quarter of 2025, Munich Re incurred losses totaling 1.1 billion EUR (1.2 billion USD) as a result of the Los Angeles forest fires.
For the full year 2025, Munich Re is expecting a net result of 6 billion EUR (6.5 billion USD).
