Investor Relations Reporting Outlook

Outlook

Outlook 2025
Insurance revenue
mid single-digit percentage range1
Adjusted for impact of refinement in NDIC calculation
Group net income
>EUR 2,400m
Return on equity
>19.0%2
provided that there are no fluctuations in equity for other reasons (e.g. credit spread changes), strategic target > 12%
  1. 1) Adjusted for impact of refinement in NDIC calculation
  2. 2) provided that there are no fluctuations in equity for other reasons (e.g. credit spread changes), strategic target > 12%

Note:

Targets are relevant as of FY2025; targets are subject to large losses staying within their respective annual large-loss budgets as well as no occurrence of major turmoil on currency and/or capital market.