Talanx Group lifts Group net income to EUR 1,977 million in financial year 2024

Group net income climbs 25 percent to EUR 1,977 million based on preliminary figures
Insurance revenue up 11 percent to EUR 48.1 billion
Return on equity is expected to be 17.8 percent
Dividend proposal of EUR 2.70 per share for financial year 2024
Earnings outlook for 2025 of more than EUR 2.1 billion confirmed

The Talanx Group continued its positive business trend of the first nine months at the end of the year, and is expecting Group net income of EUR 1,977 (1,581) million for financial year 2024, based on consolidated unaudited figures. This means it has reached the 2024 earnings target that it lifted in November 2024 and further enhanced its resilience. Primary Insurance accounted for 49 percent (46) of the Group net income¹. Insurance revenue rose to EUR 48.1 (43.2) billion. Return on equity is expected to be 17.8 (16.6) percent.

As announced in December 2024, the Board of Management intends to allow shareholders to share in the Talanx Group’s success through a dividend of EUR 2.70 (2.35) per share for financial year 2024. Originally, the Talanx Group had planned to lift dividend payments to EUR 2.50 per share by 2025 (2022: EUR 2.00 per share). The Group has now surpassed this goal ahead of schedule, subject to the approval of the Supervisory Board and the General Meeting. The aim is to further lift the dividend by approx. 50 percent by 2027 to EUR 4.00 per share.

The Group has confirmed its earnings target for the current year, 2025, of more than EUR 2.1 billion, which it increased in November 2024. It is aiming to grow Group net income to more than EUR 2.5 billion by 2027.

Talanx will publish its final key financial figures and its full consolidated financial statements on 19 March 2025.

1) Calculated as percentage of Group net income adjusted for Group operations and consolidation.

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.