Mapfre vs Munich Re (MAP vs MUV2.DE)
Mapfre (MAP) vs Munich Re (MUV2.DE) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Mapfre (MAP) and Munich Re (MUV2.DE) compete in insurance. Here are Mapfre and Munich Re side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Mapfre or Munich Re.
Mapfre vs Munich Re: the figures
| Figure | Mapfre | Munich Re |
|---|---|---|
| Share price | €4.19 (November 4, 2026) | €584.40 (November 4, 2026) |
| Market cap | €12.9 billion | €73.5 billion |
| P/E (TTM) | 11.0x | 11.0x |
| Forward P/E | 9.9x | 11.3x |
| Revenue growth (quarter) | +43.1% | +1.3% |
| Net margin (TTM) | 3.9% | 11.2% |
| ROE | 18.4% | 21.3% |
| Dividend yield | 4.48% | 4.23% |
| Beta | 0.28 | 0.27 |
Mapfre and Munich Re figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Mapfre or Munich Re figure is not available, and we never estimate it.
3 key differences between Mapfre and Munich Re
- Growth: Mapfre grew sales +43.1% year on year in its latest quarter, against +1.3% for Munich Re.
- Profitability: for every 100 of sales, Munich Re keeps 11.2 as net profit and Mapfre keeps 3.9.
- Size: Munich Re is worth €73.5 billion on the stock market, about 5.7 times Mapfre (€12.9 billion).
Mapfre or Munich Re: which fits your profile
- If you want growth: Mapfre is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Mapfre pays the higher dividend relative to its price.
- If you prefer caution: Munich Re has a less volatile share price, which usually gives more room in a bad year.
- If price is what matters most to you: Munich Re trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Mapfre nor Munich Re wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Mapfre and Munich Re make money
Mapfre (MAP)
Mapfre sells auto, home, life, health and commercial insurance, earning from premiums and from investing that money. It reports by region: Iberia, covering Spain and Portugal and its biggest market, Latin America, led by Brazil and Mexico, North America and Eurasia. Mapfre Re runs its reinsurance business. Full Mapfre analysis.
Munich Re (MUV2.DE)
Munich Re is mainly a reinsurer, covering other insurers against large risks. It reports Property-Casualty reinsurance, its largest business, including natural catastrophes and major industrial risks; Life and Health reinsurance; and ERGO, its primary insurance arm serving consumers and businesses in Germany and abroad. Full Munich Re analysis.
Frequently asked questions: Mapfre vs Munich Re
Is Mapfre or Munich Re the better stock?
Choosing between Mapfre and Munich Re depends on what you are looking for. Mapfre is growing faster right now, and Munich Re trades on the lower P/E. Fintols does not tell you whether to buy Mapfre or Munich Re: it shows you the differences so you can decide.
Which pays a higher dividend, Mapfre or Munich Re?
As of November 4, 2026, Mapfre yields 4.48% and Munich Re yields 4.23%. Also check how much of their profit Mapfre and Munich Re pay out: if it is more than they earn, it cannot last.
Which is more expensive, Mapfre or Munich Re?
On P/E, Mapfre (11.0x) is more expensive than Munich Re (11.0x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Mapfre and Munich Re?
Yes. Many people spread their money across several companies, such as Mapfre and Munich Re, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Mapfre or Munich Re.
More comparisons with Mapfre or Munich Re
More companies like Mapfre and Munich Re: insurance stocks. Educational content about Mapfre and Munich Re, not investment advice.