Outlook

Outlook 2025
Insurance revenue
mid single-digit percentage range1
currency-adjusted
Group net income
> EUR 2,100m2
original strategic target 1.6bn EUR
Return on equity
~17.0%3
provided that there are no fluctuations in equity for other reasons (e.g. credit spread changes), strategic target > 12%
  1. 1) currency-adjusted
  2. 2) original strategic target 1.6bn EUR
  3. 3) provided that there are no fluctuations in equity for other reasons (e.g. credit spread changes), strategic target > 12%

Note:

Targets are relevant as of FY2025; targets are subject to large losses staying within their respective annual large-loss budgets as well as no occurrence of major turmoil on currency and/or capital market.

Our mid-term financial targets for 2025-2027

mid-term-financial-targets-for-2027

Note:

Targets are relevant as of FY2024; targets are subject to large losses staying within their respective annual large-loss budgets as well as no occurrence of major turmoil on currency and/or capital market; net income growth target until 2027 with a net income 2024 baseline of 1,977 EURm; dividend growth target until 2027 with a dividend 2024 baseline of 2.70 EUR; dividend per share for FY2027 paid in 2028; subject to supervisory board and AGM approval; CAGR (2024-27): Net income = ~10%, dividend = 14%