Investor Relations Reporting Key figures

Key figures

For the definitions of alternative performance measures (APMs), click here.

Key figures at a glance

	Unit	2023	2022¹ Adjusted in accordance with IFRS 9 and IFRS 17 in conjunction with IAS 8 and adjusted in accordance with IAS 8, see also the “Accounting policies” section of the Notes.
Insurance revenue	EUR million	43,237	39,645
Primary Insurance	EUR million	19,722	16,967
Property/casualty primary insurance	EUR million	17,346	14,794
Life primary insurance	EUR million	2,376	2,173
Reinsurance	EUR million	24,456	24,017
Property/casualty reinsurance	EUR million	16,824	16,265
Life/health reinsurance	EUR million	7,633	7,752
Insurance revenue by region
Germany	%	16	15
United Kingdom	%	10	11
Central and Eastern Europe (CEE), including Türkiye	%	9	8
Rest of Europe	%	13	12
USA	%	24	26
Rest of North America	%	4	4
Latin America	%	10	8
Asia and Australia	%	13	14
Africa	%	1	2
Insurance service result (net)	EUR million	3,234	2,454
Net investment income for own risk² Ratio of net investment income for own risk to average investment portfolio for own risk.	EUR million	3,235	2,342
Net return on investment for own risk	%	2.5	1.7
Operating profit/loss (EBIT)	EUR million	3,068	2,815
Net income attributable to shareholders of Talanx AG	EUR million	1,581	706
Primary Insurance	EUR million	790	439
Reinsurance	EUR million	917	392
Return on equity³ Ratio of net income (after financing costs and taxes) excluding non-controlling interests to average equity excluding non-controlling interests.	%	16.6	8.2
Earnings per share
Basic earnings per share	EUR	6.21	2.79
Diluted earnings per share	EUR	6.21	2.79
Combined ratio (net/gross)⁴ 1– [insurance service result (net) divided by insurance revenue (gross)].	%	94.3	95.2
Property/casualty primary insurance (net/gross)⁴ 1– [insurance service result (net) divided by insurance revenue (gross)].	%	93.4	95.2
Property/casualty reinsurance (net/net)⁵ 1– [insurance service result (net) divided by (insurance revenue (gross) – reinsurance expenses)]. Reinsurance expenses are made up of the “allocation of reinsurance premiums paid” and “changes in the non-performance risk of reinsurers” line items in the analysisby remaining coverage and incurred claims, see also Note 18 “Insurance contracts liabilities”.	%	94.0	94.5
Total assets	EUR million	169,347	158,479
Equity attributable to shareholders of Talanx AG	EUR million	10,447	8,640
Contractual service margin	EUR million	10,720	9,592
Subordinated liabilities (hybrid capital)	EUR million	5,262	5,009
Investments for own risk	EUR million	135,390	127,345
Carrying amount per share at end of period	EUR	40.46	34.10
excluding goodwill	EUR	34.22	30.08
Share price at end of period	EUR	64.65	44.32
Number of shares outstanding	number	258,228,991	253,350,943
Employees	as at the reporting date	27,863	23,669

1) Adjusted in accordance with IFRS 9 and IFRS 17 in conjunction with IAS 8 and adjusted in accordance with IAS 8, see also the “Accounting policies” section of the Notes.
2) Ratio of net investment income for own risk to average investment portfolio for own risk.
3) Ratio of net income (after financing costs and taxes) excluding non-controlling interests to average equity excluding non-controlling interests.
4) 1– [insurance service result (net) divided by insurance revenue (gross)].
5) 1– [insurance service result (net) divided by (insurance revenue (gross) – reinsurance expenses)]. Reinsurance expenses are made up of the “allocation of reinsurance premiums paid” and “changes in the non-performance risk of reinsurers” line items in the analysisby remaining coverage and incurred claims, see also Note 18 “Insurance contracts liabilities”.

Fact Sheet