Talanx Group’s net income exceeds EUR 1 billion mark for the first time

02:40' CH - Wednesday, 09/02/2022
  • Double-digit increase in premium income (10.7 percent) to EUR 45.5 billion
  • Operating profit jumps approximately 46 percent to EUR 2.45 billion despite historically high net claims expenses
  • Dividend proposal of EUR 1.60 per share
  • Earnings outlook of EUR 1.05–1.15 billion confirmed for 2022.

Group net income at the Talanx Group has 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. Operating profit climbed 46 percent to EUR 2.45 billion. Gross written premium income recorded a double-digit increase of 10.7 percent to EUR 45.5 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. In 2018, Talanx had announced that it would lift earnings per share (EPS) by an average of at least 5 percent per annum in the period up to 2022.

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.

Source: Talanx official website

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