Munich Re recorded a strong second quarter 2026. The Group’s preliminary net profit of approximately EUR 2.2 billion significantly surpassed analysts’ consensus estimate of EUR 1.786 billion for 2Q2026, according to the Group’s press release.

This result was buoyed by pleasing operational performance overall and very low major-loss expenditure in property-casualty reinsurance. At the same time Munich Re delivered a very strong investment result, which also made a significant contribution to ERGO’s exceptional net earnings of approximately EUR 0.3 billion.

Based on the net result of approximately EUR 3.9 billion for the first six months, Munich Re is firmly on track to meet its net result target of EUR 6.3 billion for the 2026 financial year. Munich Re will provide final 2Q2026 results on 7 August 2026.