Munich Re

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Munich RE engages in the insurance and reinsurance businesses. The Company operates through five segments: Life and Health Reinsurance, Property-Casualty Reinsurance, ERGO Life and Health Germany, ERGO Property-Casualty Germany, and ERGO International. It offers non-life reinsurance products for capital markets, crop insurance systems, cyber risks, financial lines and risks, natural catastrophes, natural hazards assessment network risks, retroactive, aviation, space, and workers' compensation. Munich RE offers primary insurance products, including direct, life, property-casualty, health, legal expense, and travel insurance products, as well as provides investment fund management services to private and institutional investors.

TypePublic
Founded1880
HQMünchen, DEMap
Websitemunichre.com
Employee Ratings3.9More
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Latest Updates

Employees (est.) (Sept 2019)39,661(-4%)
Revenue (FY, 2017)€61.6 B(+23%)
Share Price (Feb 2021)€233.2
Cybersecurity ratingBMore

Key People/Management at Munich Re

Thomas Blunck

Thomas Blunck

Board Member
Michele Nardi

Michele Nardi

Executive Director, Chief Operating Officer
Christoph Jurecka

Christoph Jurecka

Chief Financial Officer, Member of the Board of Management
Martin Sondenheimer

Martin Sondenheimer

Head of New Business Incubation
Torsten Jeworrek

Torsten Jeworrek

Board Member and CEO Reinsurance
Andreas Moser

Andreas Moser

CEO
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Munich Re Office Locations

Munich Re has offices in München, Chicago, Dunwoody, New York and in 21 other locations
München, DE (HQ)
107 Königinstraße
Sydney, AU
143 Macquarie St
Toronto, CA
390 Bay St
Las Condes, CL
Los Militares 4777, piso 19, of. 1903
Bogotá, CO
b, oficina, Cra. 71 #2-1
Paris, FR
65 Rue de la Victoire
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Munich Re Financials and Metrics

Munich Re Revenue

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Munich Re's revenue was reported to be €61.59 b in FY, 2017
EUR

Revenue (FY, 2017)

61.6b

Gross profit (FY, 2017)

19.9b

Gross profit margin (FY, 2017), %

32.4%

Net income (FY, 2017)

392.0m

EBIT (FY, 2017)

1.2b

Market capitalization (5-Feb-2021)

32.7b

Closing stock price (5-Feb-2021)

233.2

Cash (31-Dec-2017)

3.6b

EV

29.4b
Munich Re's current market capitalization is €32.7 b.
EURFY, 2014FY, 2015FY, 2017

Revenue

48.8b50.3b61.6b

Revenue growth, %

3%

Cost of goods sold

40.4b39.8b41.6b

Gross profit

8.4b10.5b19.9b
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EURFY, 2017

Cash

3.6b

Goodwill

2.6b

Total Assets

265.7b

Total Debt

277.0m
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EURFY, 2017

Cash From Operating Activities

1.8b

Cash From Investing Activities

2.3b

Dividends Paid

(1.3b)

Cash From Financing Activities

(3.8b)
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Munich Re Acquisitions / Subsidiaries

Company NameDateDeal Size
RelayrSeptember 04, 2018$300 m
AllfinanzNovember 11, 2007€48 m

Munich Re Revenue Breakdown

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Munich Re revenue breakdown by business segment: 27.9% from Life and Health, 36.3% from Property-Casualty, 18.8% from Life and Health Germany, 6.7% from Property-Casualty Germany and 10.3% from International

Munich Re revenue breakdown by geographic segment: 9.1% from Asia and Australasia, 52.8% from Europe, 32.3% from North America and 5.8% from Other

Munich Re Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

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Munich Re Online and Social Media Presence

Munich Re's Trends

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Munich Re News and Updates

January 26, 2021

Canadian Insurtech Foxquilt Announces Partnership with Digital Partners, a Munich Re company

Foxquilt launches as a full-service provider of small business insurance TORONTO, Jan. 26, 2021 /PRNewswire/ - Foxquilt, a leading insurance technology company focused on empowering small businesses and B2B networks to save on small business insurance, has partnered with Digital Partners,...
December 17, 2020

‘Gas stations in space’ startup Orbit Fab extends seed round to $6M with strategic investor Munich Re Ventures

Orbit Fab CDO Jeremy Schiel shows off the company’s satellite coupling system on stage at TC Disrupt 2019. On-orbit servicing startup Orbit Fab, which bills itself as the company focused on creating “gas stations in space,” has added an additional investor to its seed funding round. The add-on inves…
November 18, 2020

Munich Re has agreed to cover Ascent's clients against regulatory risks and fines

Summary List PlacementThe global insurer has partnered with Ascent to insure the regtech's Tier 1 and Tier 2 bank clients against any potential risks or fines related to their compliance obligations, per a press release seen by Insider Intelligence. Founded in 2015, Ascent operates an end-to-end com…
September 16, 2020

[Funding alert] Insurtech startup ACKO raises $60M led by Munich Re Ventures

Bengaluru-based insurtech player ACKO said it plans to use the funds to accelerate its growth in existing lines and expansion into new product lines.
September 16, 2020

Munich Re Ventures leads $60m funding in Indian insurtech startup Acko

The round has reportedly valued Acko at over $400m. The post Munich Re Ventures leads $60m funding in Indian insurtech startup Acko appeared first on DealStreetAsia.
August 13, 2020

Munich Re among reinsurers exposed to 'major' Beirut blast loss

Property damage alone from the blast, which killed more than 150 people and triggered the collapse of Lebanon's government, could exceed $7 billion
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Munich Re Blogs

November 06, 2019

Quarterly Statement: Munich Re likely to surpass 2019 profit target

November 06, 2019

Presentations 2013 (November 6, 2019 4:14:31 PM CET)

Language: en, Path: Home > Investor Relations > Presentations > Presentations 2018 - 2005 > Presentations 2013 Presentations 2013
November 06, 2019

Presentations 2014 (November 6, 2019 4:13:39 PM CET)

Language: en, Path: Home > Investor Relations > Presentations > Presentations 2018 - 2005 > Presentations 2014 Presentations 2014
November 06, 2019

Presentations 2016 (November 6, 2019 4:12:05 PM CET)

Language: en, Path: Home > Investor Relations > Presentations > Presentations 2018 - 2005 > Presentations 2016 Presentations 2016
November 04, 2019

Letter to all policyholders about relocation of Great Lakes (November 4, 2019 3:19:10 PM CET)

Language: en, Path: Home > Reinsurance > Contact > Munich Re worldwide > Europe > United Kingdom > Great Lakes UK > About us > News > Letter to all policyholders about relocation of Great Lakes Great Lakes Insurance SE
November 04, 2019

Current Declaration of Conformity 2019 (November 4, 2019 12:05:52 PM CET)

Language: en, Path: Home > The Group > Company > Corporate Governance > Declarations of conformity with GCGC (DCGK) > Current Declaration of Conformity 2019 German Corporate Governance Code Declaration of conformity by the Board of Management and Superv…
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 Munich Re Frequently Asked Questions

  • When was Munich Re founded?

    Munich Re was founded in 1880.

  • Who are Munich Re key executives?

    Munich Re's key executives are Thomas Blunck, Michele Nardi and Christoph Jurecka.

  • How many employees does Munich Re have?

    Munich Re has 39,661 employees.

  • What is Munich Re revenue?

    Latest Munich Re annual revenue is €61.6 b.

  • What is Munich Re revenue per employee?

    Latest Munich Re revenue per employee is €1.6 m.

  • Who are Munich Re competitors?

    Competitors of Munich Re include Gen Re, Swiss Re and Axis Capital.

  • Where is Munich Re headquarters?

    Munich Re headquarters is located at 107 Königinstraße, München.

  • Where are Munich Re offices?

    Munich Re has offices in München, Chicago, Dunwoody, New York and in 21 other locations.

  • How many offices does Munich Re have?

    Munich Re has 34 offices.