Try our corporate solution for free!
(212) 419-8294
vianny.gutierrez-cruz@statista.com

Munich Re - statistics & facts

Münchener Rückversicherungs-Gesellschaft – commonly known as Munich Re - is the world’s leading reinsurance company as of 2020 by net premiums written. Also known as Munich Reinsurance Company, it had the third-highest revenue among global property and casualty insurance companies in 2019. At the end of 2020, the combined property/casualty ratio of Munich Re was 105.6 percent. Combined ratio is a measure used by insurance companies to determine how well it is performing in its daily operations. Expressed as a percentage, a ratio above 100 percent-such as Munich Re’s-indicates that the company is paying out more money in claims than it is receiving from premiums (as opposed to a value below 100 percent, which would indicate that the company is making an underwriting profit).

What is reinsurance?

In 2020, the operating profit of Munich Reinsurance Company amounted to almost two billion euros. The company assumes part of the risk covered by the insurance companies counted among its clients. Ultimately, the goal of reinsurance is to reduce exposure to loss by passing on the risk to a reinsurer or a group of reinsurers. Munich Re provides cover for life, health, transport, casualty, space, fire and engineering. This practice differs between countries, and is often measured by what is called the retention ratio, which is the share of premiums ‘retained’ by insurance companies (with the remainder being passed to reinsurers). Munich Re’s reinsurance premiums written amounted to over 37 billion euros in 2020. That same year, Munich Re employed around 40,000 people worldwide.

Munich Re’s financial performance

Munich Re closed the 2020 financial year with a net income of around 1.2 billion euros. The value of gross premiums written by Munich Re amounted to almost 55 billion euros in 2020. A subsidiary of Munich Re, ERGO, carries out the regular insurance business of the group. ERGO deals with insurance segments such as health, life, international, property-casualty, direct and travel insurances. At the end of 2020, the total premium income of ERGO amounted to more than 17.5 billion euros.

Key figures

The most important key figures provide you with a compact summary of the topic of "Munich Re" and take you straight to the corresponding statistics.

Reinsurance

ERGO

Environmental, social and governance (ESG)

Interesting statistics

In the following 5 chapters, you will quickly find the 25 most important statistics relating to "Munich Re".

Munich Re

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Munich Re - statistics & facts

Münchener Rückversicherungs-Gesellschaft – commonly known as Munich Re - is the world’s leading reinsurance company as of 2020 by net premiums written. Also known as Munich Reinsurance Company, it had the third-highest revenue among global property and casualty insurance companies in 2019. At the end of 2020, the combined property/casualty ratio of Munich Re was 105.6 percent. Combined ratio is a measure used by insurance companies to determine how well it is performing in its daily operations. Expressed as a percentage, a ratio above 100 percent-such as Munich Re’s-indicates that the company is paying out more money in claims than it is receiving from premiums (as opposed to a value below 100 percent, which would indicate that the company is making an underwriting profit).

What is reinsurance?

In 2020, the operating profit of Munich Reinsurance Company amounted to almost two billion euros. The company assumes part of the risk covered by the insurance companies counted among its clients. Ultimately, the goal of reinsurance is to reduce exposure to loss by passing on the risk to a reinsurer or a group of reinsurers. Munich Re provides cover for life, health, transport, casualty, space, fire and engineering. This practice differs between countries, and is often measured by what is called the retention ratio, which is the share of premiums ‘retained’ by insurance companies (with the remainder being passed to reinsurers). Munich Re’s reinsurance premiums written amounted to over 37 billion euros in 2020. That same year, Munich Re employed around 40,000 people worldwide.

Munich Re’s financial performance

Munich Re closed the 2020 financial year with a net income of around 1.2 billion euros. The value of gross premiums written by Munich Re amounted to almost 55 billion euros in 2020. A subsidiary of Munich Re, ERGO, carries out the regular insurance business of the group. ERGO deals with insurance segments such as health, life, international, property-casualty, direct and travel insurances. At the end of 2020, the total premium income of ERGO amounted to more than 17.5 billion euros.

Interesting statistics

In the following 5 chapters, you will quickly find the 25 most important statistics relating to "Munich Re".

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Vianny Gutierrez-Cruz
Vianny Gutierrez-Cruz
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Ziyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

Contact Kisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Catalina Rodriguez
Catalina Rodriguez
Key Account Manager - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)