Operating profit of Munich Re 2013-2023, by business segment
The operating profit of different business segments of the Munich Re Group fluctuated significantly between 2013 and 2023. Munich Re, one of the world's leading reinsurers, is a German company based in Munich. The ERGO insurance group is an international insurance company based in Dusseldorf and a subsidiary of Munich Reinsurance Company AG (Munich Re). Munich Re's operating profit for its life and health reinsurance business segment worldwide reached 1,428 million euros in 2023, while ERGO's operating profit for property-casualty reinsurance in Germany reached 252 million euros.