Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (0KFE) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Analyst Investors Call on Annual Results and January Renewals Conference Call and Live Webcast. I'm Moritz, the Callers Call Operator. I would like to remind you that all participants will be in the listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Christian Becker-Husson. Please go ahead, sir. Thank you, Moritz. Ladies and gentlemen, good morning. Welcome to our call on the full year 2024 earnings and 25 January renewals. I think I don't have to introduce today's speakers. Joachim Benning, our CEO, and Christoph Jureka, CFO of Munich Reek. Same procedure as every year. Joachim and Christoph will kick it off with their remarks. Afterwards, there's plenty of opportunity for Q&A. So, Joachim, please. Thank you very much, Christian. And ladies and gentlemen, welcome to our conference today. 2024 was again a very successful year for Munich Reef. Thanks to strong operating performance across all segments and a pleasing investment return, we have clearly exceeded our profit target with a net income of €5.7 billion. Uncertainty triggers demand for solutions, making our clients more resilient. As we have not been observing any significant inflow of new capacity or new capital into the reinsurance space so far, We remain confident that the attractive market environment will continue to prevail. And we want our shareholders to participate in our strong financial performance, so we decided to substantially increase the dividend per share by 33...