{
  "data_version": "seed-0.7 · marketcap-1 · 2026-08-30",
  "source": "https://finance.foundation",
  "license": {
    "finance_foundation_data": "CC BY 4.0 — attribution: Finance Foundation (https://finance.foundation)",
    "upstream_values": "Fields sourced from a provider carry their own source field and remain under that provider's terms — see https://finance.foundation/api/v1/sources"
  },
  "entity": "company",
  "data": {
    "id": "munich-re",
    "name": "Munich Re",
    "legal_name": "Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München",
    "ticker": "MUV2",
    "exchange": "xetra",
    "country": "germany",
    "sector": "Financials",
    "industry": "Reinsurance",
    "market_cap_usd_bn": 76.6,
    "currency": "EUR",
    "website": "https://www.munichre.com",
    "founded": 1880,
    "description": "The world's largest reinsurer, founded in Munich in 1880, covering catastrophe, life and specialty risks worldwide. Also owns the primary insurer ERGO.",
    "identifiers": {
      "lei": "529900MUF4C20K50JS49",
      "isin": "DE0008430026",
      "figi": "BBG001S6LNJ9"
    },
    "market_cap_seed_usd_bn": 85,
    "market_cap_basis": "computed",
    "market_cap_as_of": "2026-08-28",
    "market_cap": {
      "usd_bn": 76.6,
      "method": "shares_outstanding x price",
      "shares_outstanding": 126970119,
      "shares_basis": "outstanding",
      "shares_as_of": "2026-04-30",
      "shares_source": "Munich Re IR \"Our Shares\" page, \"Development of share capital\" table",
      "shares_source_url": "https://www.munichre.com/en/company/investors/shares.html",
      "price": 518,
      "price_currency": "EUR",
      "price_date": "2026-08-28",
      "price_symbol": "MUV2.DE",
      "price_venue": "XETRA",
      "fx": "ECB euro reference rates, 2026-08-28",
      "adr_ratio": 0.02,
      "caveat": "ADR ratio 1:50 is unusually large and is the single most likely thing to get wrong here (murgy trades near USD 12 against a EUR 518 ordinary share). Munich Re retires repurchased shares, so the issued count steps down: 133,760,287 (31.12.2024) -> 130,645,071 (31.12.2025) -> 126,970,119 (30.04.2026); share capital stays fixed at EUR 587,725,396.48 because the shares are no-par."
    }
  },
  "field_provenance": {
    "market_cap_usd_bn": "Computed, not copied: shares outstanding from the issuer's own filing x the closing price on its home listing. The inputs, their dates and the filing URL are in the `market_cap` object; null means we hold no share count we can source. `market_cap_seed_usd_bn` is the superseded hand-entered value, kept only so the two can be told apart.",
    "founded": "Company's own corporate history / registration record.",
    "sector": "Finance Foundation classification, not GICS or ICB (both licensed).",
    "identifiers": {
      "lei": "GLEIF (CC0) — free to redistribute",
      "isin": "Issuer's own primary listing document; ISO 6166 check digit validated. For a company carried via its US ADR this is the ADR ISIN — see us_listing_type",
      "figi": "OpenFIGI (open standard) — free to redistribute"
    }
  },
  "links": {
    "html": "https://finance.foundation/companies/munich-re",
    "graph": "https://finance.foundation/api/v1/graph/companies/munich-re",
    "sources": "https://finance.foundation/api/v1/sources"
  }
}