Munich Reinsurance (MUV2) AI Stock Analysis

• Market Cap: €71.78B
• Dividend Yield: 3.56%
• Average Volume (3M): 271.59K
• Price to Earnings (P/E): 11.9
• Beta (1Y): 0.77
• Revenue Growth: 0.48%
• EPS Growth: 11.17%
• Country: DE
• Employees: 44,224
• Sector: General
• Sector Strength: N/A
• Industry: Insurance - Reinsurance
• EPS (TTM): 7.36
• Shares Outstanding: 130,645,070
• 10 Day Avg. Volume: 216,362
• 30 Day Avg. Volume: 271,594
• PEG Ratio: 1.17
• Price to Book (P/B): 2.19
• Price to Sales (P/S): 1.05
• P/FCF Ratio: 66.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €599.57
• Price Target Upside: 9.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 49.95
• Revenue Forecast (FY): €65.66B

• Rating: 74 Outperform
• Price Target: €586.00 ▲(6.66% Upside)
• Action: Reiterated Date: 03/29/26
• Date: Action: Reiterated 03/29/26

The score is driven primarily by strong fundamentals (rising earnings, strong ROE, and reasonable leverage) and supported by attractive valuation (low P/E and solid dividend yield). These positives are tempered by uneven cash-flow history and currently soft technical momentum with the price below key moving averages.

Positive Factors

Improving profitability and ROE

Steady multi-year net income growth indicates durable underwriting and investment performance rather than one-off gains. Rising absolute earnings and reported mid-teens to mid-20s ROE provide a stronger earnings base that supports reinvestment, dividends, and capacity to write profitable risk over the medium term.

Negative Factors

Uneven cash flow and FCF volatility

Material swings in operating and free cash flow reduce predictability for capital allocation. Big negative 2022 flows and a 2025 decline versus 2024 show cash generation can be timing- and claims-sensitive, complicating dividend, buyback, and reserve-strengthening decisions over the medium term.

Munich Reinsurance Business Overview & Revenue Model

Company Description

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life...

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Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life...

How the Company Makes Money

Munich Re makes money mainly by underwriting risk and investing the funds it holds to pay future claims. 1) Reinsurance underwriting (core earnings driver) - Premium income: Munich Re sells reinsurance coverage to insurance companies (ceding insu...

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Munich Re makes money mainly by underwriting risk and investing the funds it holds to pay future claims. 1) Reinsurance underwriting (core earnings driver) - Premium income: Munich Re sells reinsurance coverage to insurance companies (ceding insu...

Munich Reinsurance Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.90B	69.30B	42.31B	39.68B	39.71B	64.46B
Gross Profit	40.90B	69.30B	43.69B	41.06B	40.76B	53.78B
EBITDA	7.82B	9.36B	9.41B	7.72B	13.16B	4.47B
Net Income	5.09B	6.12B	5.68B	4.61B	5.31B	2.93B
Balance Sheet
Total Assets	275.69B	279.93B	286.51B	273.79B	298.57B	312.40B
Cash, Cash Equivalents and Short-Term Investments	176.70B	5.50B	186.64B	8.57B	149.71B	171.24B
Total Debt	6.11B	7.43B	6.32B	4.71B	6.45B	6.80B
Total Liabilities	244.93B	246.51B	253.77B	244.02B	277.37B	281.46B
Stockholders Equity	30.58B	33.25B	32.64B	29.65B	21.06B	30.83B
Cash Flow
Free Cash Flow	0.00	1.10B	2.83B	2.40B	-18.32B	5.23B
Operating Cash Flow	0.00	1.27B	3.14B	2.54B	-7.64B	5.23B
Investing Cash Flow	0.00	-1.46B	-505.00M	-329.00M	11.35B	-3.82B
Financing Cash Flow	0.00	-3.82B	-2.23B	-2.98B	-2.70B	-1.68B

Munich Reinsurance Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 549.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MUV2, the sentiment is Positive. The current price of 549.4 is above the 20-day moving average (MA) of 536.15, above the 50-day MA of 534.04, and above the 200-day MA of 543.91, indicating a bullish trend. The MACD of 4.42 indicates Negative momentum. The RSI at 58.99 is Neutral, neither overbought nor oversold. The STOCH value of 81.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:MUV2.

Munich Reinsurance Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MUV2	74 Outperform	€71.78B	11.92	18.94%	3.56%	0.48%	11.17%
HNR1	74 Outperform	€32.89B	12.16	21.53%	3.37%	2.57%	9.75%
TLX	74 Outperform	€29.53B	11.85	19.71%	2.37%	3.70%	24.02%
NBG6	65 Neutral	€1.38B	3.11	-0.98%	0.12%	-1.28%	-153.13%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
WUW	50 Neutral	€1.38B	11.26	2.43%	4.49%	4.19%	-75.44%