January-June 2022 operating profit was up on the previous year, at EUR 1.4 billion (vs. EUR 1.3 billion). Group net income increased to EUR 560 million (vs. EUR 546 million), while the return on equity was 11.8%.
Primary insurance contributed 40% to net premium income and almost the same amount - 43% - to Group net income.
On this basis, the Talanx Group is reiterating its outlook that Group net income will be in the EUR 1,050-1,150 million range in full-year 2022 and is lifting its growth expectations to a high single-figure percentage increase.
"Our strong double-digit premium growth shows firstly that we are already reacting to the high level of inflation by adjusting our prices and secondly how robust our new business is. This has boosted our resilience further and positioned us to operate in this challenging market environment", said Torsten Leue, Chairman of Talanx AG's Board of Management.
"Despite the impact of natural disasters, inflation and Russia's war of aggression in Ukraine, we are confirming our overall targets for the year as a whole, and in addition are lifting our growth expectations due to our strong performance in the first half of the year."
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