Munich Re : It’s all about people – Facts & Figures 2023

It's all about people

Facts & Figures

As of December 2023

Scope: Munich Re Group, worldwide*

• All figures refer to headcounts.
  Number of employees for the Munich Re Group in FTE in 2023: 39,898

Contents

Our employees

2

Diversity and inclusion	7
Learning and development	10
Remuneration ratios	10
Benefits and flexible working	11

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Facts & Figures

Our employees

Number of employees

Total: 42,812

Share of reinsurance: 36.9 %		Share of primary insurance: 61.1 %

A Munich Re company

Share of MEAG: 1.9 %

	Total	Reinsurance	Primary insurance	MEAG
Female	52.8 %	46.5 %	57.0 %	43.0 %
Male	47.2 %	53.5%	43.0 %	57.0 %
	Total	Reinsurance	Primary insurance	MEAG
Non-managerial
85.7 %	88.7 %	88.4 %	88.8 %
employees
Management positions	14.3 %	11.3 %	11.6 %	11.2 %

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Distribution by region

		Germany	18,896
		Reinsurance	4,278
		Primary insurance 13,828	Europe (without	14,077
		MEAG	790	Germany)
North America	7,192		Reinsurance	4,278
	Primary insurance 11,330
Reinsurance		7,150
MEAG		42
						Asia and	2,281
						Australia
				Africa and		Reinsurance	1,261
Latin America	130			236	Primary insurance 1,020
		Middle East
Reinsurance	130			Reinsurance	236

Company service structure

Average company service

Total:	13.3 years
Female:	13.6 years
Male:	13.0 years
25%		28.8%
20%
15%
10%						12.2%
10.8%		11.2%	11.0%
	9.3%
5 %
						6.7%	6.3%
0 %									2.5%	1.2%
	< 1	1-5	6-10	11-15	16-20	21-25	26-30	31-35	36-40	> 40
										years

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Distribution by age

Average age

Total: 44.6 years

Female: 43.8 years

Male: 45.4 years

≤ 20 years		0.3 %
		0.2 %
		0.2 %

	21-25 years
			4.8 %
					3.5 %
					4.1 %
	26-30 years
										10.3 %
											8.5 %
												9.5 %
	31-35 years
												11.7 %
													11.3 %
														11.5 %
	36-40 years
																	14.1 %
																12.4 %
																	13.3 %
	41-45 years
																	13.9 %
																13.0 %
																	13.4 %
	46-50 years
														13.0 %
																13.2 %
																13.1 %
	51-55 years
																	14.3 %
																											15.6 %
																						14.9 %
	56-60 years
														12.5 %
																					14.9 %
																			13.7 %
	> 60 years
				5.1 %
										7.4 %
		Female1					6.2 %
1 The percentages refer to the population		Male1
of the respective gender.		Total	0 %			5 %					10 %	15 %	20 %

New hires per year

Total: 4,797

	Female	54.0 %		Non-managerial employees	93.4 %
	Male	46.0 %		Management positions	6.6 %

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Facts & Figures

Internal staffing rate

Internal staffing rate for …
All functions
34.1 %
Functions filled by women2
33.4 %
Functions filled by men3
35.1 %
Non-managerial functions
30.9 %
Management functions
60.7 %

2	Specifies what proportion of all positions staffed by women were staffed internally.	0 %	20 %	40 %	60 %	80 %	100 %
3	Specifies what proportion of all positions staffed by men were staffed internally.

Full/part time

Total

Female

Male

	Full time	84.7 %		Full time	75.5 %		Full time	94.7 %
	Part time	15.3 %		Part time	24.5 %		Part time	5.3 %

Number of staff by type of employment contract

Total

Female

Male

	Permanent	96.4 %		Permanent	95.8 %		Permanent	97.1 %
	employment		employment		employment
	Temporary	3.6 %		Temporary	4.2 %		Temporary	2.9 %
	employment		employment		employment

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Total turnover rate by region

Germany	5.2 %
	6.7	%
	5.9 %
Europe (without Germany)
13.1 %
	13.3 %
	13.2 %

North America
11.2 %
	11.8 %
	11.5 %
Asia and Australia
11.3 %
	11.3 %
	11.3 %

Africa and Middle East
							11.0 %
									8.8 %
									9.9 %
Latin America
		5.4 %
					1.5 %
				3.3 %
Total (= worldwide)
							9.2 %
									9.8 %
	Female								9.5%
	Male
	Total	0 %			5 %		10 %	15 %	20 %

Voluntary turnover rate by region

Germany		1.7 %
		1.9 %
Europe (without Germany)		1.8 %
7.5 %
	7.5 %
	7.5 %
North America
7.0 %
	6.2 %
	6.6 %

Asia and Australia
		8.9 %
				9.2 %
				9.1 %
Africa and Middle East
		4.8 %
				5.9 %
				5.3 %
Latin America
		7.2 %
			3.0 %
				4.9 %
Total (= worldwide)
		4.9 %
				4.7 %
	Female			4.8 %
	Male
	Total	0 %		5 %	10 %	15 %	20 %

Sickness rate

4.2 %

Sick leave days per employee

10.5

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Diversity and inclusion

Gender distribution

Munich Re Group worldwide

• Non-managerialemployees
• Management
• Management, top level (ML 1 + 2)
• Management, middle level (ML 3 + 4)
• Management, operational divisions
• Management, central divisions
• STEM-relatedpositions

Munich Re Group Germany

• Non-managerialemployees
• All management positions

Trainee programmes

• Group Trainee Programme EXPLORE
• International Graduate Trainee Programme (Reinsurance)
• Futures (MEAG)
• RISE (ERGO)

Development programmes

• Group Management Platform (Munich Re Group)
• Hydrogen (Reinsurance)
• Oxygen (Reinsurance)
• Grow (ERGO)
• Leadership Journey (MEAG)

Female	0 %
Male

		52.8 %						47.2 %
		39.5 %									60.5 %
34.3 %											65.7 %
		42.6 %									57.4 %
34.5 %											65.5 %
		41.6 %									58.4 %
35.5 %										64.5 %
		51.3 %							48.7 %
30.0 %												70.0 %
		50.0 %							50.0 %
		60.0 %				40.0 %
33.3 %										66.7 %
		55.6 %					44.4 %
		44.0 %									56.0 %
		45.9 %									54.1 %
		50.5 %							49.5 %
		49.7 %
								50.3 %
		52.9 %
							47.1 %
20 %				40 %	60 %	80 %	100 %

Networks	Women
	Number of ­	Number of ­	Number of	Number of
	networks	members	events	participants at events
	15	2.920	104	5.529
	LGBTQIA+
	Number of ­	Number of ­	Number of	Number of
	networks	members	events	participants at events

4

570

17

818

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Targets to increase the number of women in management positions

Management positions, worldwide40.0 % 39.5 %

MR AG

- Supervisory board
										30.0 %
																	40.0 %
- Management board
									25.0%
									20.0 %
- Management level 1
					15.0 %
						13.2 %
- Management level 2
													35.0 %
												28.6 %
ERGO Group AG
- Supervisory board
									25.0 %
														33.3 %
- Management board
									25.0 %
					12.5 %
- Management level 1
								20.0 %
											23.6 %
- Management level 2
									30.0 %
											27.4 %
MEAG AMG
- Supervisory board
									25.0 %
			0.0 %
- Management board
									25.0 %
														33.3 %
- Management level 1
									25.0 %
														36.0 %
- Management level 2
										30.0 %
	2025 (target)														36.1%
	2023	0 %				10 %			20 %		30 %	40 %	50 %

Employees with	5.1 %
disabilities

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Internationality

International employees in German Group units
	Reinsurance	Primary insurance	MEAG
Total	19.1 %	4.0 %	16.6 %
Management positions	21.8 %	2.6 %	13.3 %

Number of nationalities in trainee and development programmes
	Number of	Participants not working
	nationalities	at our headquarters
Development programmes
- Group Management Platform (Munich Re Group)	19	65.0 %
- Hydrogen (Reinsurance)	22	75.7 %
- Oxygen (Reinsurance)	35	75.6 %
- Leadership Journey (MEAG)	3	0.0 %

US employee structure

Distribution by ethnicity/nationality

Total

	Asian origin	10.8 %
	African American origin	7.4 %
	Latin American origin	2.5 %
	Indigenous or Native American	0.2 %
	Two or more ethnicities	1.7 %
	White	73.2 %
	"Other"	4.2 %

Management positions

	Asian origin	8.4 %
	African American origin	4.3 %
	Latin American origin	1.4 %
	Indigenous or Native American	0.1 %
	Two or more ethnicities	1.1 %
	White	81.2 %
	"Other"	3.5 %

Veterans: 7.9 %

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	Learning and development
Employees with regular	92 %
performance reviews

Vocational education	Apprentices in Germany: 7154
		35.6 %								64.4 %
Dual students in Germany: 92
					47.8 %						52.2 %
	Trainees, global: 98
					55.1 %					44.9 %
		Female
		0 %	20 %		40 %	60 %	80 %	100 %
4 thereof 147 Agency apprentices		Male

Trainings p. a.

Employees with at least one training
							94.2 %
Employees with at least one digital training
							90.8 %
0 %	20 %	40 %	60 %	80 %	100 %

Training days per employee of which for digital training Training costs per employee

1. days or 18.9 hours

1. days or 8.6 hours €920

Remuneration ratios

Remuneration ratios

Ratio target total direct compensation of the Chair of the Board of Management to the target total compensation of the

average of all company employees (excluding the Board of Management)

Ratio target total direct compensation of the average of all members of the Board of Management to target total compensation of the

average of all company employees (excluding the Board of Management)

1. times

1. times