Growth target
At the Talanx Group, we aim to generate sustainable, profitable growth while considering the opportunity/risk profile and maintaining a diversified portfolio. This allows us to grow organically, with strategic and complementary acquisitions and through co-operations.
We want to achieve above-average growth specifically in Industrial Lines and Retail International divisions. In the long run, we aim for the foreign share of gross premiums from primary insurance (Industrial Lines and Retail) to amount to half of the total gross premiums from primary insurance.
In industrial insurance, which has been a core competency of the Group for decades, we are acknowledged as a leading insurer in Europe and are continuing to expand our global presence. We aim for growth organically and through acquisitions.
Target growth regions for our international retail activities are primarily Central and Eastern Europe, and Latin America. In these target regions we want to grow organically and through acquisitions. In the German retail business we are focusing on an increase in profitability and focused growth.
As a long-time majority shareholder in Hannover Re, we are striving to secure the position of the company as a global player and pursue a policy of selective expansion.
Due to the different risk profiles of our divisions, we define solely profitability targets in our more volatile segments. In segments with a lower risk exposure, we define profitability as well as volume targets.
A further development of this strategic framework with regard to products, customer groups, sales channels and countries is carried out by the individual divisions.
– We aim for profitable and diversifying growth –
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