Munchener Ruckversicherungs-Gesellschaft AG in Munchen 2024 AR2
The report highlights Munich Re's strong financial performance in 2024, achieving a net result of ’5.7bn and outperforming its annual profit target. The Group's insurance revenue rose by 5.1% to ’60.8bn, driven by organic growth in both reinsurance and ERGO segments. In sustainability, Munich Re made significant progress toward its Ambition 2025 climate targets, reducing greenhouse gas emissions from its own operations by 26% compared to the 2019 baseline. Additionally, the company expanded its ESG-focused investments, reaching its target of up to ’3bn in renewable energy ahead of schedule.
Company: Munchener Ruckversicherungs-Gesellschaft AG in Munchen
Sector: Financials
Country: Germany
Year: 2024
Type: AR2
Pages: 375
Munchener Ruckversicherungs-Gesellschaft AG in Munchen
Group Annual Report
The report highlights Munich Re's strong financial performance in 2024, achieving a net result of ’5.7bn and outperforming its annual profit target. The Group's insurance revenue rose by 5.1% to ’60.8bn, driven by organic growth in both reinsurance and ERGO segments. In sustainability, Munich Re made significant progress toward its Ambition 2025 climate targets, reducing greenhouse gas emissions from its own operations by 26% compared to the 2019 baseline. Additionally, the company expanded its ESG-focused investments, reaching its target of up to ’3bn in renewable energy ahead of schedule.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees