The Talanx Group continued its positive business trend of the first nine months at the end of the year and is expecting Group net income of EUR 1,977 (1,581) million for financial year 2024, based on consolidated unaudited figures, the Group said in its recent press release.

According to the press release, the Group has reached the 2024 earnings target that it lifted in November 2024 and further enhanced its resilience. Primary Insurance accounted for 49% (46) of the Group net income. Insurance revenue rose to EUR 48.1 (43.2) billion. Return on equity is expected to be 17.8% (16.6%).

The Group has confirmed its earnings target for the current year, 2025, of more than EUR 2.1 billion, which it increased in November 2024. It is aiming to grow Group net income to more than EUR 2.5 billion by 2027.

Talanx will publish its final key financial figures and its full consolidated financial statements on 19 March 2025.

The key takeaways of the report:

• Group net income climbs 25% to EUR 1,977 million based on preliminary figures
• Insurance revenue up 11% to EUR 48.1 billion
• Return on equity is expected to be 17.8%
• Dividend proposal of EUR 2.70 per share for financial year 2024
• Earnings outlook for 2025 of more than EUR 2.1 billion confirmed.