Munich Re

Munich Re is the world's largest reinsurer, standing behind primary insurers when major losses strike, from hurricanes and earthquakes to large industrial claims. It also owns the primary insurer Ergo, giving it a second, more stable leg. Years of rising prices for catastrophe cover have lifted profits to record levels and strengthened an already formidable balance sheet. For income investors this is a benchmark holding. Munich Re has never cut its dividend for decades, raises it regularly and runs sizeable share buybacks on top. A dependable, growing payout backed by exceptional financial strength gives it one of the very highest DiviScores in the index.