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Munich Re closed the first nine months of 2025 with a net profit of 5.176 billion EUR (6.1 billion USD), up 12% from 4.623 billion EUR (5.2 billion USD) at the end of September 2024.
The German group’s insurance revenue stood at 45.162 billion EUR (53 billion USD), down 0.8% from 45.51 billion EUR (50.8 billion USD) a year earlier, mainly due to negative currency effects.
The technical result increased by 16.6% to 7.91 billion EUR (9.3 billion USD), while the operating result rose 19.1% year-on-year to 7.418 billion EUR (8.7 billion USD).
At end-September 2025, the Group’s equity totaled 32.414 billion EUR (38 billion USD), and its solvency ratio stood at 293%, well above the optimal range of 175%-220%.