Year 2021: Munich Re records the highest turnover in its history

Munich Re has recorded an 8.5% increase in written premiums in 2021 reaching 59.567 billion EUR (67.45 billion USD) compared to 54.89 billion EUR (67.41 billion USD) in 2020. This is the highest turnover in the history of the German group.

The reinsurer exceeded its net profit objectives in 2021. The latter amounted to 2.932 billion EUR (3.32 billion USD), which is a 142% growth over one year.

The operating result rose by 77.1% and reached 3.517 billion EUR (3.982 billion USD) compared to 1.986 billion EUR (2.43 billion USD) in 2020.

The solvency ratio of 227% falls within the optimal range (175-220%). The return on equity (ROE) stood at 12.6%.

The health crisis cost 212 million EUR (240.06 million USD) to the German reinsurer in 2021. This figure has dropped by 94% compared to 2020.

Natural disasters, however, incurred losses for Munich Re amounting to 3.139 billion EUR (3.55 billion USD) as opposed to 906 million EUR (1.11 billion USD) in 2020. The most costly disaster was hurricane Ida which hit the United States in August 2021, resulting in 1.2 billion EUR (1.35 billion USD) in compensation.

The proposed dividend of 11 EUR (12.45 USD) per share in 2021 has increased by 12.2% compared to that of 2020.