Talanx to post its first billion-euro profit in 2021

10 February 2022 —
German insurer Talanx informed its FY2021 Group net income exceeded the EUR 1 billion mark for the first time based on unaudited consolidated figures, despite historically high net claims expenses.

"This comes one year earlier than forecast in 2018, when the Group published its goals for the period up to 2022. Group net income jumped 50 percent to EUR 1.01 billion".

At the same time, in terms of GWP, the German insurer double-digit increase of 10.7% to EUR 45.5 billion, while 2021 operating profit climbed 46% to EUR 2.45 billion.

In November 2021, the Talanx Group had forecast that Group net income for 2021 would be at the upper end of the range of EUR 900-950 million.

The Board of Management intends to raise the dividend for financial year 2021 to EUR 1.60 (1.50) per share so as to enable shareholders to participate in the Talanx Group's success. Subject to approval by the Supervisory Board and the Annual General Meeting, this means that the Talanx Group will maintain its policy of distributing a dividend that is at least on a level with the previous year.

As already announced in November, the Board of Management is expecting Group net income for 2022 to rise again and to be within the range of EUR 1.05-1.15 billion.

Talanx will publish its final key financial figures and its full consolidated financial statements on 14 March 2022.