In his speech, Chairman of the Talanx AG Board of Management Herbert K. Haas took another look back at financial year 2016, in which the Talanx Group achieved a Group net income of EUR 907 million, the highest in the company’s history to date. In addition to renewed success in the reinsurance business, the improvement in earnings in primary insurance, which increased its share of Group EBIT to more than 40 (33) percent, was the main factor that contributed to this positive trend.
The shareholders also voted in favour of the proposal to raise the dividend to EUR 1.35 (1.30) per share. Based on the 2016 average share price, this corresponds to a dividend yield of 4.8 percent. Since the IPO in October 2012, the dividend has steadily risen from EUR 1.05 by 30 cents or 29 percent.
425 shareholders were present at the Annual General Meeting at the Hannover Congress Centrum. This corresponds to a presence of 91.55 percent of the company’s voting share capital.
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.