Munich Re has forecast a €6.3 billion ($11 billion) net profit for 2026 and unveiled a strategy to achieve further growth.

The German reinsurer reported net profit of €5.67 billion ($9.4 billion) last year and will announce this year’s result in February.

It has forecast group insurance revenue of €64 billion ($112 billion) for 2026 and a reinsurance net profit of €5.4 billion ($9.47 billion).

Combined operating ratios are “expected to remain at high levels of profitability” – 80% in property and casualty reinsurance, and 90% in global specialty insurance.

Munich Re says its 2030 strategy aims for sustained profit growth and high returns to shareholders.