Munich Re says non-peak peril insured losses top USD 100 billion in 2025, underscoring reinsurance value
XLF•Munich Re 2025 results
Munich Re reported insurance revenue of EUR 60.4 billion and net result of EUR 6.1 billion in 2025.
Rising volatility in global risks
Munich Re management flagged rising volatility in global risks, citing climate change, geopolitical tensions and rapid technological shifts.
Cyber risk and reinsurance capital
Cyber risk exposure increased, with Munich Re research showing 89% of companies feel inadequately protected.
Reinsurance capital grew 5.8% annually over eight years, positioning the sector as a steady capacity provider through cycles.
Insured losses top USD 100 billion
Insured losses from non-peak perils reached USD 104 billion in 2025, topping USD 100 billion for the first time.
