Munich Re unveils “Ambition 2030” strategy: outpeak, outpace, outperform

Munich Re  has introduced Ambition 2030, a new multi year strategy aimed at sustained profit growth, higher shareholder payouts, and continued diversification across reinsurance and primary insurance. The group expects to exceed all targets under its nearly completed Ambition 2025 plan, supported by stronger and more stable earnings across business lines.

Under Ambition 2030, Munich Re is targeting a return on equity above 18%, average annual earnings per share growth of more than 8%, a total payout ratio above 80% per year, and a solvency ratio exceeding 200% by the end of the decade. The strategy is built around three pillars: Outpeak, Outpace, and Outperform, with a focus on underwriting discipline, operational efficiency, and capital strength.

Munich Re plans to further increase the contribution of life and health reinsurance, global specialty insurance, and ERGO to group earnings, helping offset volatility in property and casualty reinsurance. The group also aims to reduce complexity and deliver annual cost savings of around €600 million by 2030, while expanding the use of artificial intelligence across underwriting, pricing, and investment management.

As part of the strategy, Munich Re reaffirmed its climate and diversity commitments, including accelerated plans to phase out thermal coal investments by 2030 and expanded DEI targets across regions. The group has set a profit target of €6.3 billion for 2026, with insurance revenue expected to reach €64 billion.

“Now more than ever, Munich Re is a financial powerhouse. We are achieving record-breaking results year after year and expect to exceed all financial and non-financial targets of the nearly complete Ambition 2025. Our net result has become even more stable thanks to the increasing diversification of our earnings drivers. All our stakeholders benefit from our strength, expertise and reliability.” – Chair of the Board of Management, Joachim Wenning.