According to the Group, as a result, the Talanx Group met its earnings target, which it lifted in November 2025 to more than EUR 2.4 billion (original target: more than EUR 2.1 billion). At the same time, it further strengthened its balance sheet by taking asset management measures and enhancing the resilience of its loss reserve (based on its own estimates).
The positive performance was driven by its strong operating business and a positive claims experience in the second half of the year. All divisions contributed to earnings growth. The equal share of Group net income attributable to Primary Insurance and Reinsurance reflects the Group's diversified, balanced structure. Operating profit (EBIT) grew by 8% to EUR 5.3 (4.9) billion, while the insurance service result rose 11% to EUR 5.7 (5.1) billion. The return on equity was 19.7 (17.9)%. In view of this positive performance, the Board of Management and Supervisory Board are proposing to the Annual General Meeting that the dividend per share will be increased by 33% to EUR 3.60 (2.70).
"2025 was an exceptional year. We experienced the highest increase loss from natural disasters in the Group's history in the first quarter, while the following three quarters saw unusually few natural disasters. Our operating strength and the tailwind from our positive claims experience allowed us both to generate record Group net income and to further our net income quality: we continued to strengthen our balance sheet in 2025 with our asset management policy and by enhancing our resilience", commented Torsten Leue, Chairman of Talanx AG's Board of Management.
"Our strategy – which is based on diversification, decentralization, cost leadership and a culture of trust – has proven its worth yet again, including for our investors. In line with this, we are proposing to the Supervisory Board that the dividend be increased by 33%, to EUR 3.60. This means that the growth in our dividend will again outstrip the rise in Group net income – and that we shall keep our promise of continuously lifting the dividend. Our business performance is also making us optimistic for 2026: “We are confident of generating Group net income of approximately EUR 2.7 billion, and hence of reaching and exceeding this earnings target for 2027 a year earlier than originally planned”, Torsten Leue added.
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