The Company
Talanx underwent particularly strong growth over the past decade and achieved premium income amounting to more than EUR 26 billion for the year 2012. Talanx operates extremely successfully as a multi-brand provider in highly promising sectors of the insurance and financial services industry. The Group is headed by the financial and management holding company Talanx AG, based in Hannover, Germany.
The brands of the Talanx Group include HDI, HDI-Gerling, Hannover Re, one of the world's leading reinsurers, TARGO Versicherungen, PB, neue leben and the financial services provider AmpegaGerling. The Hannover-based Group is active in around 150 countries.
Talanx key figures
Key figures for the Talanx Group statement of income 2012, consolidated (IFRS)
| in EUR million |
2012 |
2011 |
+/- % |
| Gross written premium |
26,659 |
23,682 |
12.6 |
| Net premium earned |
21,999 |
19,456 |
13.1 |
Combined ratio in property/casualty
insurance and non-life reinsurance ¹ |
96.4 % |
101.0% |
-4.6 ppt |
| Net investment income (including income/expense on funds withheld and contract deposits) |
3,795 |
3,262 |
16.3 |
| Operating profit (EBIT) |
1,760 |
1,238 ³ |
42.2 |
| Net profit (after financing costs and tax) |
1,152 |
892 ³ |
29.1 |
| Group net income (after non- controlling interests) |
630 |
515 ³ |
22.3 |
| Return on equity ² |
9.8% |
10.0% |
-0.2 ppt |
| Talanx Group solvency |
225.1% |
201.8% |
23.3 ppt |
1) Combined ratio adjusted for interest income on funds withheld and contract deposits, before elimination of intra-Group cross-segment transactions
2) Net profit/loss for the year without non-controlling interests relative to average equity without non-controlling interests
3) Adjusted on the basis of IAS 8