Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: EPS EUR 12.79 vs EUR 12.91 expected; revenue EUR 21.8B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (EUR) | 12.79 | 12.91 | −0.9% | 21.28 |
| Revenue (EUR bn) | 21.85 | — | — | 24.55 |
Recent reports: actual vs estimate
| Reported | Period | EPS (EUR) | Estimate | Surprise | Revenue (EUR bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 12, 2026 | Q3 FY2026 | 12.79 | 12.91 | −0.9% | 21.85 | — | — |
| Aug 7, 2026 | Q2 FY2026 | 19.99 | 16.31 | +22.6% | 17.06 | 18.73 | −8.9% |
| May 12, 2026 | Q1 FY2026 | 15.49 | 15.78 | −1.8% | 21.73 | — | — |
| Feb 26, 2026 | Q4 FY2025 | 8.64 | 8.47 | +2.0% | 19.68 | 19.67 | 0.0% |
| Nov 11, 2025 | Q3 FY2025 | 21.28 | 17.02 | +25.0% | 24.55 | — | — |
| Aug 8, 2025 | Q2 FY2025 | 18.76 | 15.66 | +19.8% | 18.84 | — | — |
| May 13, 2025 | Q1 FY2025 | 9.14 | 8.81 | +3.7% | 17.97 | — | — |
| Feb 26, 2025 | Q4 FY2024 | 7.68 | 5.90 | +30.2% | 15.32 | — | — |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München results: EPS EUR 12.79 vs EUR 12.91 expected; revenue EUR 21.8B. The results cover the company's Q3 FY2026. EPS came in below analysts' estimate by 0.9%; revenue is not compared with the analysts' estimate: the estimate's currency could not be confirmed.
Revenue was down 11.0% from EUR 24.5 billion a year earlier (Q3 FY2025). EPS was down 39.9% from EUR 21.28 a year earlier. On its record, EPS topped analysts' estimates in 6 of 7 earlier comparable reports.
What the results mean
شركة ميونخ لإعادة التأمين combines reinsurance and direct insurance across life, health, property, casualty and specialty insurance. Understanding its performance therefore requires examining the business mix and the risks it assumes, alongside claims and insurance portfolio management.
Its business drivers include risk transfer, capital management and insurance services for industrial, cyber and natural catastrophe risks. Analytics, digital underwriting and claims assessment support risk selection and management, making the contribution of these services and their connection to underwriting quality relevant to interpreting the company's performance.
What to watch on the earnings call: The mix of reinsurance and direct insurance, underwriting quality and claims management, demand for industrial, cyber and natural catastrophe coverage, and the role of digital analytics in risk selection and portfolio management.
For the full analysis of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München stock — valuation, scores and financial statements — see the stock page linked with this story.