Munich Re, the world’s largest reinsurance firm, on Monday said that its board has decided to repurchase shares amounting to up to €1.5 billion ($1.6 billion) between April 26 and its 2025 annual general meeting on April 30, 2025 at the latest. The figure excludes incidental expenses. The German insurance company noted that its Management Board intends to propose to the 2024 general meeting a dividend of €15 per share for the 2023 financial year. The Supervisory Board is to decide on the Board of Management’s dividend planning once the final business figures are available for 2023.