The dividend
at a glance

Munich Re's Annual General Meeting on 22 April 2009 voted to distribute a dividend of €5.50 per share to the shareholders. Munich Re is thus one of the few companies that are able to maintain an attractive dividend in these turbulent times. In relation to the 2008 year-end share price the dividend yield is equal to approximately 5 percent. The dividend notice can be found in the section "Annual General Meeting 2009".

Dividend per share in € (unadjusted figures)
Year Dividend per share Total number of shares entitled to dividend
2008 5.50 195,087,851 1
2007 5.50 204,419,711 2
2006 4.50 219,645,444 3
2005 3.10 228,007,663 4
2004 2.00 228,519,407 5
2003 1.25 229,003,159 6
2002 1.25 178,330,916 7
2001 1.25 176,618,201 8
2000 1.25 176,944,072
1999 9 0.95 176,919,776
1998 10 0.92 88,459,840
97/98 0.92 84,959,840
96/97 11 0.87 82,975,200
95/96 8.18 8,283,500
94/95 6.90 7,583,500
93/94 6.14 7,583,500
92/93 5.62 6,733,500
91/92 5.11 6,733,500
90/91 5.11 6,700,000
89/90 5.11 6,700,000
1 Not entitled to a dividend were 2,313,773 own shares.
2 Not entitled to a dividend were 1,984,093 own shares.
3 Not entitled to a dividend were 1,893,971 own shares.
4 Not entitled to a dividend were 1,572,570 own shares.
5 Not entitled to a dividend were 1,060,826 own shares.
6 Not entitled to a dividend were 577,074 own shares.
7 Not entitled to a dividend were 336,371 own shares.
8 Not entitled to a dividend were 331,732 own shares.
9 After 1:2 stock split of the registered shares in January 1999.
10 Short business year.
11 After 1:10 stock split in August 1997.

For the business year 2009, subject to approval by the Supervisory Board and the Annual General Meeting, the dividend will rise by 4.5% to €5.75 per share.
Based on the closing price for 2009, this would mean a dividend yield of approximately 5.3%.