CFO Dr Jan Wicke: FY 2023 - Talanx increases dividend to EUR 2.35 following record Group net income and lifts earnings targets

"In 2023, we achieved a record result and thus significantly exceeded our original targets for the financial year. We are letting our shareholders participate in this," says Talanx CFO Jan Wicke.

Talanx increases insurance revenue to EUR 43.2 (39.6) billion, exceeding its original target of EUR 42 billion. The Group generates net income of EUR 1,581 million, with a return on equity of 16.6 per cent.

With its results, the Group has not only significantly exceeded its net income target for 2023, but has also almost reached its target for 2025. It is now aiming to increase net income to EUR 1.7 billion in 2024 and to EUR 1.9 billion in 2025. Stakeholders will also benefit from the strong results: the Talanx Group is proposing to the Annual General Meeting to increase the dividend payment for 2023 to EUR 2.35 in line with the strategy.

Further Information

Corporate News FY 2023: Talanx increases dividend to EUR 2.35 following record Group net income in 2023 and lifts earnings targets

Podcast Insurance Uncovered FY 2023

Further information on 2023 annual results

Disclaimer

This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.