Munich Re $MUV2 (+0.86%) is bringing a breath of fresh air to its shareholders! The reinsurer has not only raised its dividend, but also announced a huge share buyback program worth up to 2.0 billion euros. 💰
Shareholders can look forward to a dividend payout of EUR 20.00 per share for the past financial year 2024. This is a whopping EUR 5.00 more than in the previous year and significantly exceeds the expectations of analysts, who had forecast EUR 16.50.
In addition, Munich Re plans to buy back its own shares between April 30, 2025 and the 2026 Annual General Meeting. This will increase the total capital return to shareholders to €4.6 billion, compared with €3.5 billion in the previous year.
In addition, the Group has achieved a convincing profit of €5.67 billion in 2024, which is above its own targets. For the current year, Munich Re continues to expect a profit of 6 billion euros. The company thus remains on a record course and the dividend is a positive surprise!