Munich Re announces ambitious dividend and share buyback program

Munich Re, the Munich-based reinsurance company, forecasts a dividend of €15 per share for the 2023 financial year, beating the consensus forecast of €12.49. This announcement is based on the proposal of the board of directors to the Annual General Meeting. The final decision regarding this dividend planning will be made by the Supervisory Board once the final turnover figures for 2023 are available. The distribution of the dividend remains subject to the approval of the Annual General Meeting.

At the same time, Munich Re has also decided to launch a share buyback program worth up to €1.5 billion, excluding incidental costs. This program will extend from April 26, 2024 until the Annual General Meeting no later than April 30, 2025. The shares thus repurchased will be withdrawn from the market. The execution of this buyback program is subject to the approval of the Presidium and the Sustainability Committee of the Supervisory Board. In total, these capital redistribution measures amount to an amount of 3.5 billion euros.