Munich Re is to pay a record dividend amount totalling €707m, following its profit of over €2.7bn for 2005.
Chairman of the board of management, Nikolaus von Bomhard, said: "As things stand at present, taking into account the major losses incurred in the first quarter, we are on track."
He added: "Profitability before growth: this maxim continues to apply unchanged. We aspire to be the most profitable of the big five reinsurers."
