CFO Dr. Jan Wicke - H1 2024: net income exceeds EUR 1 billion for the first time

"For the first time in our Talanx history, we have exceeded the billion mark with our half-year result – a sign of our strong and profitable growth," said Talanx CFO Jan Wicke.

Talanx increases insurance revenue by 13 percent to EUR 23.6 (20.9) billion and Group net income by 32 percent to EUR 1,090 (827) million. The return on equity stands at 20.3 (18.5) percent. This positive development was driven by a good result in reinsurance and strong growth in primary insurance, which increased its share of the Group net income to 48 (44) percent.

The Talanx Group is therefore well on track to achieve and even exceed its targets for 2024. Despite higher large loss payments in the second quarter, the Group remains very confident that it will clearly exceed its earnings target of more than EUR 1.7 billion for the full year 2024. The Group will review its targets after the third quarter.

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Corporate News: Talanx’s H1 Group net income exceeds EUR 1 billion for the first time

Disclaimer

This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.