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Munich Re Jumps Most in Four Years After Dividend Beats Forecast

  • Company proposes dividend of 8.25 euros a share for 2015
  • Fourth-quarter earnings are unchanged at 700 million euros
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Munich Re, the world’s second-largest reinsurer, rose the most since November 2011 after announcing a dividend that beat expectations. The company reported fourth-quarter profit that was unchanged from a year earlier.

The shares gained as much as 5.2 percent in Frankfurt. Munich Re plans to raise the dividend for 2015 to 8.25 euros ($9.14) a share from 7.75 euros a year earlier, the company said in a statement on Thursday. That beat a Bloomberg dividend forecast of 8 euros per share.