Munich Re Poised to Exceed 2025 Targets, Aims for 'Even Higher Peaks' Under New Multiyear Strategy

06:51 AM EST, 12/11/2025 (MT Newswires) -- Munich Re (MUV2.F) aims to deliver sustained earnings growth through 2030 under its new multiyear strategy, saying it expects to surpass its 2025 financial goals. The German reinsurance giant is targeting annual average EPS growth of over 8% through 2030, a return on equity of more than 18% and a solvency ratio above 200%, according to a Thursday release. It also seeks to maintain its profitable reinsurance business growth, forecasting insurance revenue of between 48 billion euros and 57 billion euros by the end of the decade. "Our new Ambition 2030 builds on the factors that made Ambition 2025 a success and is based on the motto 'Outpeak, Outpace, Outperform'. We want to reach even higher peaks in every respect in order to outpace and outperform our peers by 2030," Chief Financial Officer and designated management board Chair Christoph Jurecka said. "To do so, we will profitably expand our business in all segments. Our shareholders will enjoy an even greater share of our earnings." RBC Capital Markets noted a positive sentiment on the group, highlighting its detailed outlook on growth and margin by division. "Key for us in 'Ambition 2030' is guidance for 8%+ EPS growth out to 2030 vs cons +7% and RBCe +6% to 2028E. The building blocks are rising investment yields helped by re-risking, cost reduction, with growth targets across all divisions. Raised payout ratio of at least 80% but it is fair to say less emphasis on buybacks than we had flagged in our quick take yesterday [after the group's pre-announcement]," the research firm stated. In line with its new multiyear strategy, Munich Re aims to reach 6.3 billion euros in profit and 64 billion in group insurance revenue in 2026, which is above the Visible Alpha consensus of 61 billion euros and RBC's forecast of 62 billion euros. For full-year 2025, the group said it is likely to exceed all of its financial targets as it nears the completion of its current strategy. These include an expected group net result of 6 billion euros, a return on equity of between 14% to 16%, and an annual average EPS growth of at least 5%. Munich Re shares were up over 2% in Thursday's midday trade.