Shares of major European reinsurers, including Munich Re and Swiss Re, declined on June 10, 2026, following the release of first-quarter results showing a drop in property and casualty (P&C) revenue. Munich Re reported a 5% decrease in P&C premiums to €8.2 billion, while Swiss Re saw a 4% decline to $9.1 billion, according to their respective earnings statements.
Investors reacted negatively, with Munich Re shares falling 3.2% and Swiss Re dropping 2.8% on the day. Analysts cited higher claims from natural catastrophes and competitive pricing pressures as key factors. The sell-off also affected other reinsurers like Hannover Re, which declined 2.5%.
Despite the revenue dip, both companies maintained their full-year profit targets. Munich Re reiterated its 2026 net profit goal of €4.5 billion, while Swiss Re kept its target of $3.6 billion. The sector remains cautious about second-half performance amid ongoing market volatility.
