Munich Re Plans to Return €5.3 Billion to Shareholders

German reinsurer Munich Re announced plans to return €5.3 billion ($6.3 billion) to shareholders through a new buyback program and a higher dividend.

The firm aims to repurchase as much as €2.25 billion of its stock, according to a statement on Wednesday. It is also intends to propose a dividend of €24.00 per share for 2025, up from €20 in the prior year.