Stock · MUV2.DE · Financial Services
Germany · Large Cap · Revenue 12 mo. €69.4B
Price as of 11/06/2026
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through six segments: Life and Health Reinsurance, Property-Casualty Reinsurance, Global Specialty Insurance, ERGO Life and Health Germany, ERGO Property-Casualty Germany, and ERGO International. The company offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, data analytics, underwriting and claims, medical research, capital management, and health market, as well as MIRA digital suite that includes MIRA PoS, MIRApply insured and physician, claims risk assessment, and CLARA plus. It also provides property and casualty reinsurance solutions, including agricultural reinsurance; business advisory, personal lines, portfolio management, insurance consulting, commercial motor consulting; infrastructure risk; property insurance, location risk, insurance linked securities, and NatCatSERVICE for natural catastrophe loss database; prospective structured and retroactive reinsurance; risk transfer; cyber; and data analytics, REALYTIX ZERO, and cert2go. In addition, the company offers solutions for industry clients, such as corporate risk, new tech, green tech, parametric, and aviation and space solutions, as well as risk services. Further, it provides specialty property casualty insurance, such as professional liability, marine, cyber, aviation, and space for commercial and private customers. Additionally, the company offers life, property-casualty, health, legal protection, and travel insurance products under the ERGO brand; and insurance solutions for agriculture, captive, epidemic, cyber, and renewable energy sectors. The company was founded in 1880 and is based in Munich, Germany.
Original text from the data provider
Summary
59.6 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
Book value €32.2B, market value €71.5B (P/B 2.2). At a 9% discount rate, the premium over book value only pays off with a lasting 20.0% return on equity.
Required return on equity per year
20.0%
no perpetual growth
Price to book 2.22×, above its usual range.
Middle half of 20 quarters: 1.58× to 2.05×, median 1.90×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
No indication in the stored figures.
with respect to the priced-in expectation
Since the last quarter
Q1 → Q2 2026
3 more unchanged: Revenue, 12 mo., EBIT margin, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 18.40% | 12.46% | Rank 78 |
| Return on capital (Greenblatt)does not count towards the rank | – | 59.04% | |
| EBIT margin | 12.45% | 23.06% | Rank 20 |
| FCF margin | 1.59% | 19.82% | Rank 15 |
| Gross margin | 100.00% | 65.53% | Rank 93 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 0.28% | 7.39% | Rank 26 |
| Earnings growth, 3 years per year | 24.29% | 15.20% | Rank 68 |
| Earnings growth, 5 years per year | 40.44% | 15.17% | Rank 93 |
| Sustainable growth (ROE × retained earnings) | 0.24% | 1.25% | Rank 19 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 8.28% | 6.47% | Rank 74 |
| FCF yield | 1.55% | 7.16% | Rank 17 |
| EV/saleslower is better | 1.06 | 2.82 | Rank 76 |
| EV/EBITlower is better | 8.51 | 14.24 | Rank 74 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | −3.96% | 7.80% | Rank 30 |
| Share price, 6 months | 13.87% | 8.71% | Rank 70 |
| Share price, 3 months | 15.57% | 0.45% | Rank 91 |
| Distance from 52-week high | −4.27% | −10.68% | Rank 78 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 2.23% | 1.23% | Rank 38 |
| Change in share countlower is better | −2.36% | −0.60% | Rank 73 |
| Dividend streak in years | 31 | 5 | Rank 98 |
| Price reaction to results, market-adjusted | −2.26% | 0.00% | Rank 20 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 11.88% | 9.21% | Rank 61 |
| Net debt/EBITDAlower is better | 0.21 | 0.12 | Rank 49 |
| Debt to equitylower is better | 0.22 | 0.90 | Rank 85 |
| Volatility, 1 yearlower is better | 19.66% | 25.95% | Rank 86 |
Ten years in figures
| Year | Revenue, €B | Net income | Return on equity | Shares |
|---|---|---|---|---|
| 2016 | 55.7 | €2.6B | 8.2% | 160M |
| 2017 | 55.8 | €375.0M | 1.3% | 154M |
| 2018 | 52.1 | €2.3B | 8.8% | 149M |
| 2019 | 57.3 | €2.7B | 8.9% | 144M |
| 2020 | 58.6 | €1.2B | 4.1% | 140M |
| 2021 | 63.9 | €2.9B | 9.5% | 140M |
| 2022 | 64.1 | €3.4B | 16.3% | 139M |
| 2023 | 70.5 | €4.7B | 15.7% | 136M |
| 2024 | 69.1 | €5.7B | 17.4% | 133M |
| 2025 | 69.3 | €6.1B | 18.4% | 130M |
2 of 7 StockScorer Score rules met · How the score is built
Münchener Rück AG mainly meets criteria in the Growth category. Result from 18 strategies checked.
This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Münchener Rück AG. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
2 of 7 rules met
2 of 11 points
The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Münchener Rück AG.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 12.1 | 15.2 |
| P/B ratio | 2.2 | 1.8 |
| Return on equity (ROE) | 18.4% | 12.5% |
| Equity ratio | 11.9% | 9.2% |
| Debt-to-equity (D/E) | 0.22 | 0.90 |
| Dividend yield | 4.2% | 3.3% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| MUV2.DE | Münchener Rück AGthis page | |
| HNR1.DE | Hannover Rück SE | Low5.5 |
| SREN.SW | Swiss Re AG | locked |
| RGA | Reinsurance Group of America | locked |
| EG | Everest Group Ltd | locked |
| RNR | Renaissancere Holdings Ltd | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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