Munich RE (MUV2) AGM 2026 summary

Opening remarks and agenda

• AGM convened at the International Congress Center in Munich, with all board members present and proceedings streamed online for shareholders and proxies.

• Organizational notes and all relevant documents, including annual and remuneration reports, were made available both onsite and online.

• Shareholders were informed about procedures for participation, speaking, and voting.

Financial performance review

• Net result for 2025 reached EUR 6.1 billion, surpassing targets and marking record financial strength.

• Return on equity rose to 18.3%, with earnings and dividends per share growing by nearly 20% annually.

• Solvency ratio ended at 298%, well above the target corridor.

• Shareholder returns for 2025 totaled EUR 3.5 billion via buybacks and dividends, nearly 90% of net result.

• Total shareholder return from 2021 to 2025 was 180%, with shares more than doubling in value.

Board and executive committee updates

• Major leadership changes included the appointment of Christoph Jurecka as CEO and Mr. Buchanan as CFO, effective January 2026.

• Mr. Johnson was appointed as the first Chief Technology Officer, consolidating technology leadership across the group.

• Frédéric de Courtois was proposed as a new supervisory board member, bringing extensive international insurance experience.

• Mr. Booth retired from the supervisory board after nearly 30 years of service.