Munich Re Third-Quarter Net Result of €1.742 Billion Lifts Nine-Month Total to €5.667 Billion
Munich Re published its final third-quarter and nine-month results on November 12, 2026. The group reported a net result of €1.742 billion for the third quarter, compared with €1.997 billion a year earlier.
For the first nine months, the net result was €5.667 billion, compared with €5.176 billion a year earlier. The company said the result was driven by a pleasing operating performance across all business segments and below-average major losses in property and casualty reinsurance.
Group insurance revenue from insurance contracts issued was €16.626 billion in the third quarter, compared with €14.575 billion a year earlier, and €46.583 billion for the nine months, compared with €45.162 billion.
The total technical result was €2.375 billion, down from €2.822 billion, and the operating result was €2.472 billion, down from €3.036 billion. Major losses in the third quarter amounted to €646 million after retrocession and before tax, including natural disaster losses of €514 million, with the costliest event the El Choco earthquake in Colombia at about €300 million.
The property and casualty reinsurance combined ratio was 80.0 percent in the quarter. The company had earlier raised its 2026 net result target from €6.3 billion to €6.6 billion and maintained that target with the final results. Munich Re said it will disclose its 2027 financial outlook on December 10 and present full-year 2026 results on February 25, 2027.
All figures are from Munich Re's quarterly statement published on November 12, 2026.
Source: Munich Re
Published by GSM · USA (original Chinese edition)
Photo: 慕尼黑再保险总部大楼航拍。／Aerial view of the Munich Re headquarters in Munich.（Carsten Steger，CC BY-SA 4.0，Wikimedia Commons）
Vislink Third-Quarter Revenue of 4.6 Million Dollars Rises 19.8 Percent: The Gross Margin Expands to 58.7 Percent and Nine-Month Revenue Reaches 15.8 Million Dollars2026-11-13
Onex Third-Quarter Net Earnings of 97 Million Dollars, or 1.28 Dollars Per Share: Partners VI First Close Above 2 Billion Dollars in Commitments and a 4.1 Billion Dollar Fair Value for Convex2026-11-13