Outlook

 Outlook 2026
Insurance revenuemid single-digit
Group net incomeEUR ~ 2,700m
Return on equity~ 19.0%
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 FY2026; 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.

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