Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGY) Q2 2026 Earnings Call Transcript

Munich Re's Q2 2026 Earnings Call August 7, 2026 5:00 AM EDT Company Participants Christian Becker-Hussong - Head of Investor & Rating Agency Relations Christoph Jurecka - CEO & Chairman of Management Board Andrew Buchanan - CFO & Member of Management Board Conference Call Participants Shanti Kang - BofA Securities, Research Division Andrew Baker - Goldman Sachs Group, Inc., Research Division Kamran Hossain - JPMorgan Chase & Co, Research Division Ivan Bokhmat - Barclays Bank PLC, Research Division William Hardcastle - UBS Investment Bank, Research Division Iain Pearce - BNP Paribas, Research Division Vinit Malhotra - Mediobanca - Banca di credito finanziario S.p.A., Research Division James Shuck - Citigroup Inc., Research Division Emanuele Musio - Intesa Sanpaolo Equity Research Henry Heathfield - Morningstar Inc., Research Division Jochen Schmitt - Metzler Equities, Research Division Benjamin Cohen - RBC Capital Markets, Research Division Presentation Christian Becker-Hussong Head of Investor & Rating Agency Relations Good morning to everyone. Welcome to Munich Re's Q2 2026 Earnings Call to all analysts and investors joining us today. And we indeed appreciate you attending our presentation as we are aware that some other insurance companies released results today. I have the pleasure to be joined by our CEO, Christoph Jurecka; and our CFO, Andrew Buchanan today. Both gentlemen will kick it off with some upfront remarks. Afterwards, there will be plenty of time for Q&A. So Christoph, the floor is yours. Christoph Jurecka CEO & Chairman of Management Board Thank you very much, Christian. A big pleasure to see you all today virtually and to present excellent results today. Let's start immediately on my Page 4. And as you can see, we deliver on our promises. Munich Re is firmly on track to achieve its full year targets as it has consistently done in recent years. And with a net result of EUR 3.9 billion