Munich Re increased its stock dividend by EUR1 ($1.59) to EUR5.50 ($8.75) per share based on its record EUR3.9 billion profit for 2007.
The German-based insurer said the distribution will amount to a total of EUR1.12 billion ($1.78 billion) to shareholders, a quarter of its consolidated profit.
"The profits of recent years illustrate that we are on the right track. And these profits benefit our shareholders through dividends and share buybacks," said Nikolaus von Bomhard, Munich Re's chief executive officer, in a statement.
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