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Munich Re Announces Dividend and Share Buy-Back Plans for 2024
Munich Reinsurance Company has revealed plans to propose a dividend of €20 per share for the 2024 financial year, surpassing the consensus estimate of €16.49. This proposal will be presented at the Annual General Meeting, pending final business figures for 2024 and approval by the Supervisory Board.
Furthermore, Munich Re's Board has approved a share buy-back program valued up to €2.0 billion. This initiative will run from April 30, 2025, until the next Annual General Meeting on April 29, 2026. The repurchased shares will be retired, enhancing shareholder value. This move awaits the Praesidium and Sustainability Committee's approval.
The total capital repatriation, including dividends and buy-back, sums up to €4.6 billion, reflecting Munich Re’s strong financial position.
R. E.
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