After a two-year break, Munich Re wants to start buying back its own shares again.
From the end of April until next year's Annual General Meeting, the world's largest reinsurer intends to spend up to EUR 1 billion on this, as it announced in Munich on Tuesday.
The dividend is to be increased to EUR 11.00 (2020: 9.80).
Overall, Munich Re is paying out 2.5 billion euros to shareholders.
"An attractive dividend policy remains a trademark of Munich Re," explained CEO Joachim Wenning.
The company stopped its last share buyback program in March 2020 due to the corona pandemic.
Munich Re intends to present its business figures for the past year on Wednesday.
Most recently, despite further burdens from the corona pandemic or the flooding in the Ahr Valley, she had announced a profit of 2.8 (2020: 1.2) billion euros.
The share price was slightly up on Tuesday afternoon at EUR 257.60.