Insurance revenue from insurance contracts issued for the year stood at €40bn ($41.93bn), a 5.9% rise from €37.7bn in 2023.

Shares of Munich Re climbed on Wednesday after the German reinsurer stuck to its outlook, despite announcing hefty expected claims from California wildfires.

Shares of Munich Re climbed on Wednesday after the German reinsurer stuck to its outlook and announced it will return money to shareholders, even after announcing more than $1 billion in claims ...