Talanx AG

Latest Results (23.10.2025):

Talanx AG reported a strong first quarter of 2024, demonstrating a significant increase in net income and improved operational metrics. The company's diversified business model and decentralized strategy have contributed to robust financial performance, positioning Talanx AG on a sustainable and profitable path for the year.

Group Financial Performance

In Q1 2024, Talanx AG achieved a Group net income of EUR 572 million, up from EUR 423 million in the previous year. The operating profit (EBIT) increased by 17% to EUR 1.2 billion, and the net insurance financial and investment result before currency effects rose by 19% to EUR 395 million. The Solvency 2 ratio strengthened to 217%, reflecting enhanced financial stability.

Improved Claims and Combined Ratio

The insurance service result surged by 22% to EUR 1,072 million, supported by a low loss frequency. Total claims paid for large losses significantly decreased to EUR 76 million, with natural disaster losses dropping to EUR 48 million from EUR 354 million year-over-year. The combined ratio improved to 90.9%, down from 93.5%.

Robust Divisional Performance

Key divisions such as Industrial Lines and Retail International showed remarkable growth. Industrial Lines' revenue increased by 13% to EUR 2.3 billion, while Retail International's revenue soared by 45% to EUR 2.2 billion. Both divisions contributed positively to the Group’s net income, highlighting the effectiveness of Talanx AG’s strategic initiatives.

Enhanced Resilience and Outlook

Talanx AG has bolstered its balance sheet resilience, with net provisions for losses rising by 40% to EUR 3.7 billion as of March 31, 2024. The company reaffirmed its full-year net income target of over EUR 1.7 billion and a return on equity of more than 15%, expressing increased confidence in surpassing these goals.