Munich Re stock gains 1.96 percent ahead of Q3 results

Published on 10/04/2026 at 11:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Munich Re stock stood at EUR 508.60 on Xetra on October 2, 2026, after Q2 net income reached EUR 2.211 billion. The 2026 revenue guide fell to EUR 62 billion.

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Munich Re (DE0008430026) stock was trading at EUR 508.60 on Xetra on October 2, 2026 at 5:36 p.m. CEST, up 1.96 percent from the previous close. The next scheduled checkpoint is the third-quarter release on November 12, 2026, according to MarketScreener.

Profit holds despite lower pricing

Munich Re generated EUR 2.211 billion in net income in Q2 2026, compared with EUR 1.708 billion in Q1 2026, according to NewsCase on September 5, 2026. First-half earnings reached EUR 3.925 billion, keeping the company on course for its EUR 6.3 billion 2026 net profit goal.

The same report said Munich Re reduced its 2026 revenue guidance to EUR 62 billion from EUR 64 billion. July renewals brought a 5.5 percent decline in risk-adjusted prices, making revenue the pressure point while earnings remained supported by underwriting performance.

Analysts price in the pressure

Investing.com reported on October 1, 2026 that Jefferies cut its Munich Re target from EUR 600 to EUR 550 on September 28 while retaining a Hold rating. The report also put the consensus at Neutral across 17 analysts, with targets spanning EUR 480 to EUR 632 and an average of EUR 546.84.

That average target is 7.5 percent above the October 2 reference price. The comparison highlights the tension in the stock: earnings are running ahead of the first-quarter level, while falling reinsurance prices are forcing a lower top-line outlook.

Stock remains below its yearly high

Munich Re stock was trading 11.6 percent below its 52-week high of EUR 575.60 and EUR 71.20 above its 52-week low of EUR 437.40 on October 2, 2026. Market capitalization stood at EUR 65.1 billion, with volume at 284,584 shares.

Munich Re stock facts

Company: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
ISIN: DE0008430026
WKN: 843002
Ticker: MUV2
Trading venue: Xetra
Price (as of October 2, 2026, 5:36 p.m. CEST): EUR 508.60
Market capitalization: EUR 65.1 billion (as of October 2, 2026)
52-week range: EUR 437.40-575.60 (as of October 2, 2026)
Sector / Industry: Financials / Reinsurance