The Talanx Group expects to report a net income of more than EUR 1.25 billion for the first nine months of the current financial year 2023 due to a strong operating performance of particularly the primary insurance segments, as the German insurance group informed in a statement.

On this basis, the Management Board of Talanx AG increases its profit forecast for the full financial year 2023. The Management Board now expects a consolidated net income for the full financial year 2023 that will significantly exceed EUR 1.5 billion.

The representatives of Talanx Group informed that they expects the acquisition of Liberty Mutual’s business in Brazil to be closed in the course of the fourth quarter. “The associated effects of time proportionate consolidation are already included in the increased forecast. This earnings target assumes that large losses will not exceed the large loss budget, that the capital markets do not experience any upheavals and that no material currency fluctuations arise”.

Talanx AG will report final results for the first 9 months of the current financial year 2023 on 13 November 2023 as scheduled.