The Talanx Group has set a new earnings record in the first half of 2026. Group net income rose by 9% to EUR 1,499 (1,373) million, and the Group is assuming it will exceed its full-year forecast of approximately EUR 2.7 billion, the Group has announced on its website.

It is now anticipating Group net income of significantly more than EUR 2.7 billion for 2026. Profit growth in the first half of the year was driven by record earnings at all divisions and an increased investment result. Primary Insurance lifted its net income by 12% and contributed 52% of the total figure. Insurance revenue adjusted for currency effects rose 3% (in EUR: stable) to EUR 24.3 (24.2) billion. The insurance service result climbed 15% to EUR 2.9 (2.6) billion, while operating profit (EBIT) rose 11% to EUR 3.2 (2.9) billion. The return on equity was 21.5% (23.4%).

The insurance service result rose 15% to EUR 2.9 (2.6) billion. Large loss payments amounted to EUR 942 (1,134) million, clearly below the pro rata budget for the period of EUR 1,416 million, which was recognised in full. The largest losses from natural disasters were Winter Storm “Fern” in the USA and Canada (EUR 132 million) and the Atlantic storms on the Iberian Peninsula and in Morocco (EUR 127 million). Other large losses included the earthquake in Venezuela (EUR 75 million) and thunderstorms and floods the USA and Canada (EUR 33 million). In addition, the Talanx Group has recognized reinsurance reserves of EUR 200 million for potential losses in relation to the Iran war. The combined ratio improved to 88.7% (90.7%).

The net insurance financial and investment result before currency effects benefited from the switch from low-yield to higher-yield investments made in previous years, climbing 21% to EUR 1,025 (848) million. Operating profit (EBIT) grew 11% to EUR 3.2 (2.9) billion, while Group net income rose 9% to EUR 1,499 (1,373) million. The Solvency 2 ratio as at 30 June 2026 was 246% (30 June 2025: 224%).

The report key takeaways:

• Group net income climbs 9% to EUR 1,499 (1,373) million, a new record
• Profit growth at all divisions – Primary Insurance contributes 52% to Group net income
• Insurance revenue up by 3% adjusted for currency effects to EUR 24.3 (24.2) billion
• Combined ratio improves to 88.7% (90.7%)
• Return on equity of 21.5% (23.4%)
• New forecast for 2026 Group net income of significantly more than EUR 2.7 billion.

“After the first six months of 2026, I am particularly delighted that we have not just achieved record Group net income overall, but that all divisions contributed record earnings figures. This is further proof that our diversification and cost leadership strategy is paying off”, said Torsten Leue, Chairman of Talanx’s Board of Management. “Our strong operations, continued high level of resilience and large loss payments that were nearly half a billion euros below budget make us extremely upbeat for the rest of the year: we now expect to exceed our full-year forecast and to generate Group net income of significantly more than EUR 2.7 billion. This would represent a double-digit increase in our net income for the year, which would again outpace income growth”, Torsten Leue emphasized.



The full report can be found here.