Munich Re
Compare Munich Re…World's #1 reinsurer by premium; cleanest balance sheet; ~$65B 2024 revenue; ergo primary arm + Munich Re NatCatSERVICE is the industry catastrophe-loss source of truth.
SectorsInsurance
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Munich ReWorld's #1 reinsurer by premium; cleanest balance sheet; ~$65B 2024 revenue; ergo primary arm + Munich Re NatCatSERVICE is the industry catastrophe-loss source of truth.
Munich Re Group's two pillars: the global Reinsurance business (P&C plus Life/Health Re) and ERGO, the German-headquartered primary insurance subsidiary serving Europe and Asia. Reinsurance is ~70% of GWP. All values in EUR billions.
FY 2020 — FY 2024
Source: Munich Re annual reports (Group Financial Report) — segment data (Updated: 2024-FY)
The five costliest natural catastrophe years for Munich Re. 2017 (Harvey/Irma/Maria triple-hurricane), 2024 (Helene/Milton + LA wildfires + global secondary perils), 2021 (Ida + European floods + Texas freeze), 2022 (Ian + drought + European storms), and 2018 (Michael/Florence + California wildfires + Japan typhoons). Values are global insured industry loss ($B) and Munich Re's share ($B).
| Year | Industry Insured Loss ($B) | Munich Re Share ($B) |
|---|---|---|
| 2017 | 150 | 4.3 |
| 2024 | 140 | 3.6 |
| 2021 | 130 | 3.4 |
| 2022 | 125 | 4.2 |
| 2018 | 95 | 2.8 |
Source: Munich Re NatCatSERVICE database, annual reports (Updated: 2024-FY)