Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München's (ETR:MUV2) CEO Compensation Is Looking A Bit Stretched At The Moment

Key Insights

• Münchener Rückversicherungs-Gesellschaft in München will host its Annual General Meeting on 30th of April
• Salary of €2.67m is part of CEO Joachim Wenning's total remuneration
• The overall pay is 75% above the industry average
• Over the past three years, Münchener Rückversicherungs-Gesellschaft in München's EPS grew by 28% and over the past three years, the total shareholder return was 191%

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Under the guidance of CEO Joachim Wenning, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (ETR:MUV2) has performed reasonably well recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 30th of April. However, some shareholders will still be cautious of paying the CEO excessively.

View our latest analysis for Münchener Rückversicherungs-Gesellschaft in München

Comparing Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München's CEO Compensation With The Industry

According to our data, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a market capitalization of €79b, and paid its CEO total annual compensation worth €6.7m over the year to December 2024. This was the same as last year. While we always look at total compensation first, our analysis shows that the salary component is less, at €2.7m.

For comparison, other companies in the Germany Insurance industry with market capitalizations above €7.0b, reported a median total CEO compensation of €3.9m. This suggests that Joachim Wenning is paid more than the median for the industry.

On an industry level, around 40% of total compensation represents salary and 60% is other remuneration. There isn't a significant difference between Münchener Rückversicherungs-Gesellschaft in München and the broader market, in terms of salary allocation in the overall compensation package. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

A Look at Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München's Growth Numbers

Over the past three years, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has seen its earnings per share (EPS) grow by 28% per year. Its revenue is up 5.8% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Been A Good Investment?

We think that the total shareholder return of 191%, over three years, would leave most Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München shareholders smiling. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

To Conclude...

Seeing that the company has put up a decent performance, only a few shareholders, if any at all, might have questions about the CEO pay in the upcoming AGM. Still, not all shareholders might be in favor of a pay raise to the CEO, seeing that they are already being paid higher than the industry.

So you may want to check if insiders are buying Münchener Rückversicherungs-Gesellschaft in München shares with their own money (free access).

Important note: Münchener Rückversicherungs-Gesellschaft in München is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.