Munich Re is aiming for an IFRS internet revenue of €6 billion (US$6.3 billion) in 2025 on account of “constantly good operational efficiency in all enterprise segments.”
It additionally expects good underwriting profitability with a mixed ratio of 79% in property/casualty reinsurance and 90% in World Specialty Insurance coverage (GSI), the latter of which is able to change into a separate IFRS reporting phase from 2025. (A mixed ratio beneath 100% signifies underwriting earnings).
Munich Re expects group insurance coverage income to succeed in €64 billion ($67.2 billion) in 2025, and its return on funding to enhance to above 3.0%.
In its reinsurance enterprise, Munich Re anticipates an growth of insurance coverage income to €42 billion ($44.1 billion) and a internet revenue of €5.1 billion ($5.3 billion) in 2025.
As a consequence of anticipated sturdy enterprise progress in GSI and a decrease discounting impact in comparison with 2024, this corresponds to a mixed ratio of 83% for P/C reinsurance based on the present segmentation. In life and well being reinsurance, Munich Re tasks a complete technical results of €1.7 billion ($1.8 billion) in 2025.
ERGO, which is Munich Re’s main insurance coverage arm, is predicted to generate insurance coverage income of €22 billion ($23.1 billion) in 2025, persevering with its sturdy improvement lately with a revenue contribution of €0.9 billion ($944.6 million). A mixed ratio of 89% is envisaged at ERGO Germany, and 90% at ERGO Worldwide.
From 2025 onwards, Munich Re will disclose ERGO Germany as a single reporting unit, combining the German life and well being and property-casualty companies.
Supply: Munich Re
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