Munchener Ruckversicherungs-Gesellschaft AG

MUV2: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	MxQ	LOCK\|Ld	LOCK\|#lmWj>g

Munich Re Earnings: Value Over Volume Remains the Theme

Henry Heathfield

May 12, 2026

For the first quarter of 2026, Munich continues the value-over-volume theme. Overall, the results are a beat in some areas and a miss in others, but look good broadly against its targets and our estimates for the full year.

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Munchener Ruckversicherungs-Gesellschaft AG

Munich Re Earnings: Value Over Volume Remains the Theme

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