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19 March 2026Reinsurance

Big Four European reinsurers post record ROE in 2025, 2026 outlook weakens

Fitch Ratings’s latest report, “European Reinsurance Monitor: 2025 Results,” confirms a record high return on equity (ROE) for Europe’s four largest reinsurers. Munich Re, Swiss Re, Hannover Re and Scor SE collectively achieved an ROE of 19.6% in 2025, surpassing the previous record of 17.1% set in 2023. 

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