Munich Re Sets New 2025 Financial Targets, Environmental Goals
December 08 2020 - 4:35AM
Dow Jones News
By Olivia Bugault
Munich Re on Tuesday set new financial targets for the five next
years as part of its 'Ambition 2025' plan, including higher
profitability and environmental initiatives.
The German reinsurance giant said the plan will bolster the
growth of its core business and help the development of new
business models.
In order to measure the success of its plan, Munich Re set new
targets that include getting a return on equity of between 12% and
14% by 2025 and growing earnings per share by 5% or more on average
and annually by 2025.
Munich Re also targets an increase of its dividend per share of
5% or more per year on average, while its solvency ratio should
remain between 175% and 220%.
"As an environmentally conscientious business, Munich Re will
play its part in meeting the targets of the Paris Climate
Agreement," the company said. Munich Re said that it targets
net-zero emissions in its portfolio investment by 2050. As a first
step to achieve this goal, the company will reduce net greenhouse
gas emissions in its investment portfolio by 25% to 29% between now
and 2025, it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
December 08, 2020 05:20 ET (10:20 GMT)
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