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Munich Re Generates Q1'26 Net Result of €1.7bn as P&C Combined Ratio Improves to 66.8%

Summary by ReinsuranceNe.ws
Global reinsurer Munich Re generated a stronger net result of €1.7 billion in the first quarter of 2026 compared with €1.1 billion a year earlier, as the technical result increased by roughly €600 million to €2.7 billion on the back of low major-loss costs in its reinsurance business, which achieved a significantly higher net result of €1.5 billion in the quarter. Group-wide, Munich Re has today reported insurance revenue from insurance contract…

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Insurance companies live from the business of illness, accidents and disasters. Munich Re benefits from a largely disaster-free start to the year.

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The world's first reinsurer preferred to protect its profitability rather than growth. A dared bet on a more competitive market that did not win investors' favours. After publication, the security lost 4.45% to fall to its lowest level in a year.

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Insurance companies live from the business of illness, accidents and disasters. Munich Re benefits from a largely disaster-free start to the year.

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The reinsurer Munich Re starts off with a profit jump into the financial year 2026. With a net result of 1.7 billion euros, the DAX Group clearly exceeds the previous year's value of 1.1 billion euros. However, the success is less due to aggressive growth than to a happy economic situation and an improved investment result. The results of the contract renewals indicate an increasing market saturation, in which the price power of the reinsurers d…

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Moneycab broke the news on Tuesday, May 12, 2026.
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