Munich Re ramps up share buybacks as BlackRock boosts its stake
Munich Re has continued its share buyback programme, purchasing another 360,000 shares in mid-January. The move comes as part of a broader repurchase strategy that has seen the company acquire over 3 million shares since May 2025. Meanwhile, key investors and board members have also adjusted their holdings in the reinsurance giant.
Between January 12 and 20, Munich Re repurchased an additional 360,000 of its own shares. This latest transaction builds on a long-running programme that began on May 15, 2025, bringing the total number of shares bought back to 3.04 million.
One of the company’s board members, Mari-Lizette Malherbe, also increased her stake by acquiring 379 shares. She paid an average price of €520.40 per share, spending just under €198,000 in total. At the same time, BlackRock expanded its position in Munich Re. The investment firm now holds 10.47 million shares, including 10.26 million with direct voting rights and 207,595 through American Depositary Receipts (ADRs). This raises BlackRock’s voting influence from 7.69% to 8.01%, with an extra 0.20% held via financial instruments.
The latest share repurchases and investor activity highlight ongoing confidence in Munich Re’s financial strategy. With over 3 million shares bought back since mid-2025 and key stakeholders increasing their holdings, the company’s stock remains under close watch. BlackRock’s expanded voting rights further solidify its position as a major shareholder.
