Munich Re looks to be on target to achieve a profit guidance of around €2.5 billion for 2019. It generated a profit of €2.275 million in 2018.
The German-headquartered company is proposing an increase in the dividend to €9.25 at its AGM in April and will launch a new share buy-back programme with a volume of €1 billion.
It has raised its expected technical result for life and health reinsurance to approximately €500 million, with plans to improve the combined property-casualty (P&C) ratio to around 98% this year. It also expects an investment result of around €6.5bn for 2019, representing a return on investment of about 3%.
The company anticipates gross premium of around €49 billion in the 2019 financial year: €31 billion in the reinsurance field of business and around €17.5 billion in the ERGO field of business (if exchange rates remain stable).