Munich Re (MUV2)
The world's largest reinsurer, founded in Munich in 1880, covering catastrophe, life and specialty risks worldwide. Also owns the primary insurer ERGO.
- Legal name
- Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
- Ticker
- MUV2
- Exchange
- Deutsche Börse Xetra · MIC XETR
- Country
- Germany
- Sector
- Financials
- Industry
- Reinsurance
- Market cap ≈
- $76.6bn — computed, not copied: 0.127bn shares × 518 EUR close on 2026-08-28
- Reporting currency
- EUR
- Founded
- 1880
- Website
- www.munichre.com
- LEI
- 529900MUF4C20K50JS49 (GLEIF)
- ISIN
- DE0008430026 (check digit validated)
- FIGI
- BBG001S6LNJ9 (share class, OpenFIGI)
Graph connections view in graph →
lists_onDeutsche Börse Xetra
domiciled_inGermany
member_ofDAX 40
EURO STOXX 50
Sector peers — Financials
Compare: MUV2 vs BRK.A · MUV2 vs JPM · MUV2 vs V
How this market cap is arrived at
| Shares outstanding | 126,970,119 |
| Basis | outstanding |
| As of | 2026-04-30 |
| Source | Munich Re IR "Our Shares" page, "Development of share capital" table |
| Price | 518 EUR · MUV2.DE · close 2026-08-28 |
| Venue | XETRA |
| Converted at | ECB euro reference rates, 2026-08-28 |
| Market cap | $76.6bn |
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.
Share counts move on a filing cadence, prices move continuously — so this figure is exact only as of the two dates above, and we publish both rather than a single undated number. This company is quoted here through a depositary receipt (MURGY), where one receipt represents 0.02 ordinary shares; the price is put on an ordinary-share basis before it meets the share count. Provenance.
Identifier crosswalk
| Standard | Value | What it answers |
|---|---|---|
| Ticker | MUV2 | Venue-local shorthand — ambiguous across markets |
| MIC | XETR | ISO 10383 — the venue |
| ISIN | DE0008430026 | ISO 6166 — the security |
| LEI | 529900MUF4C20K50JS49 | ISO 17442 — the legal entity |
| FIGI | BBG001S6LNJ9 | OpenFIGI — instrument, share class |
5 naming systems for one entity — only codes we actually hold are listed, with no gaps filled by guessing. Sources: LEI from GLEIF (CC0), ISIN read from the issuer's own primary listing document, with its ISO 6166 check digit validated, FIGI from OpenFIGI (open standard), MIC from the ISO 10383 registry. Each linked code opens its reverse-lookup page; the validator checks any code's check digit. seed-0.7 · marketcap-1 · 2026-08-30.
Approximate reference values from public sources · seed-0.7 · marketcap-1 · 2026-08-30 · not real-time. See data & methodology.
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