Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

BUL:MUV2 Stock Report

Market Cap: €46.4b

Münchener Rückversicherungs-Gesellschaft in München Management

Management criteria checks 3/4

Münchener Rückversicherungs-Gesellschaft in München's CEO is Joachim Wenning, appointed in Jan 2009, has a tenure of 14.33 years. total yearly compensation is €5.88M, comprised of 39.6% salary and 60.4% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth €5.80M. The average tenure of the management team and the board of directors is 3.6 years and 9.1 years respectively.

Key information

Joachim Wenning

Chief executive officer

€5.9m

Total compensation

CEO salary percentage39.6%
CEO tenure14.3yrs
CEO ownership0.01%
Management average tenure3.6yrs
Board average tenure9.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Joachim Wenning's remuneration changed compared to Münchener Rückversicherungs-Gesellschaft in München's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2023n/an/a

€3b

Dec 31 2022n/an/a

€3b

Sep 30 2022n/an/a

€3b

Jun 30 2022n/an/a

€3b

Mar 31 2022n/an/a

€3b

Dec 31 2021€6m€2m

€3b

Sep 30 2021n/an/a

€2b

Jun 30 2021n/an/a

€2b

Mar 31 2021n/an/a

€2b

Dec 31 2020€6m€2m

€1b

Sep 30 2020n/an/a

€1b

Jun 30 2020n/an/a

€2b

Mar 31 2020n/an/a

€2b

Dec 31 2019€6m€2m

€3b

Sep 30 2019n/an/a

€3b

Jun 30 2019n/an/a

€2b

Mar 31 2019n/an/a

€2b

Dec 31 2018€6m€2m

€2b

Sep 30 2018n/an/a

€3b

Jun 30 2018n/an/a

€641m

Mar 31 2018n/an/a

€646m

Dec 31 2017€5m€1m

€375m

Sep 30 2017n/an/a

€336m

Jun 30 2017n/an/a

€2b

Mar 31 2017n/an/a

€3b

Dec 31 2016€3m€615k

€3b

Compensation vs Market: Joachim's total compensation ($USD6.33M) is above average for companies of similar size in the BG market ($USD4.12M).

Compensation vs Earnings: Joachim's compensation has been consistent with company performance over the past year.

CEO

Joachim Wenning (57 yo)

14.3yrs

Tenure

€5,875,750

Compensation

Dr. oec. publ. Joachim Wenning joined Münchener Rückversicherungs-Gesellschaft AG (“Munich Re”) in 1991, where he worked until early 1997 as a treaty specialist with technical responsibility for life reins...

Leadership Team

NamePositionTenureCompensationOwnership
Joachim Wenning
Chairman of Management Board14.3yrs€5.88m0.013%
€ 5.8m
Christoph Jurecka
CFO & Member of Management Board4.3yrs€4.12m0.0054%
€ 2.5m
Thomas Blunck
Member of Management Board17.6yrs€2.66m0.0037%
€ 1.7m
Markus Riess
Head of Economics7.7yrs€4.11m0.0054%
€ 2.5m
Nicholas Gartside
Chief Investment Officer & Member of Management Board4.2yrs€2.86m0.0029%
€ 1.3m
Achim Kassow
Labour Relations Director & Member of Management Board3yrs€2.86m0.0020%
€ 936.4k
Stefan Golling
Member of Management Board2.3yrs€2.86m0.0021%
€ 973.5k
Torsten Jeworrek
Chief Executive Officer of Reinsurance Businessno data€3.92m0.0048%
€ 2.2m
Mari Malherbe
Member of Management Boardless than a yearno datano data
Soobum Lee
Head of the Operationno datano datano data
Clarisse Kopff
Member of Management Boardless than a yearno datano data
Michael Kerner
Member of Management Boardless than a yearno datano data

3.6yrs

Average Tenure

56yo

Average Age

Experienced Management: MUV2's management team is considered experienced (3.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Hans-Jürgen Schinzler
Honorary Chairman of the Supervisory Board10.3yrsno datano data
Ann-Kristin Achleitner
Independent Member of Supervisory Board10.3yrs€228.00kno data
Frank Fassin
Employee Representative Member of Supervisory Board14.1yrs€106.00kno data
Karl-Heinz Streibich
Independent Member of Supervisory Board4.1yrs€106.00kno data
Clement Booth
Independent Member of Supervisory Board7.1yrs€106.00kno data
Nikolaus von Bomhard
Independent Chairman of Supervisory Board4.1yrs€378.00kno data
Maximilian Zimmerer
Independent Member of Supervisory Board5.8yrs€237.00kno data
Gerd Hausler
Independent Member of Supervisory Board9.1yrs€121.00kno data
Renata Jungo Brungger
Independent Member of Supervisory Board6.3yrs€137.00kno data
Ulrich Plottke
Employee Representative Member of Supervisory Board9.1yrs€165.00kno data
Ursula Gather
Independent Member of Supervisory Board9.1yrs€106.00kno data
Anne Horstmann
Employee Representative Deputy Chair of Supervisory Board9.1yrs€171.00kno data

9.1yrs

Average Tenure

65yo

Average Age

Experienced Board: MUV2's board of directors are considered experienced (9.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/05/24 10:57
End of Day Share Price 2023/02/24 00:00
Earnings2023/03/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München is covered by 56 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maria del Paz Ojeda FernandezAhorro Corporación
Dieter HeinAlphaValue
Christian WeizBaader Helvea Equity Research