- Dividend increases by 5 cents to EUR 1.45 per share
- Generation change on the Talanx Board of Management completed
Shareholders approved the proposal to raise the dividend by 5 cents to EUR 1.45 per share (previous year: 1.40). This is the sixth consecutive dividend increase. Based on the 2018 average share price it represents a dividend yield of 4.3 percent. Since the IPO in October 2012, the dividend has thus been increased steadily from EUR 1.05 per share by a total of 40 cents or 5.5 percent per year.
A total of 457 (previous year: 424) shareholders were present at the Annual General Meeting held at the Hannover Congress Centrum. Thus 92.26 (91.43) percent of the company’s voting share capital were present.
With the end of the Annual General Meeting, the announced generation change on the Board of Management has been completed. Today, the two Board members Ulrich Wallin (64), Reinsurance Division, and Dr Christian Hinsch (63), Industrial Lines Division, step down from their functions. Ulrich Wallin had already departed from his role as Chairman of the Executive Board of the reinsurer at yesterday’s Annual General Meeting of Hannover Re. Jean-Jacques Henchoz (54) – since yesterday his successor as Chairman of the Executive Board of Hannover Re –also joins the Board of Management of Talanx AG, succeeding Ulrich Wallin. Dr Edgar Puls (46) takes over from Dr Christian Hinsch, assuming responsibility for Industrial Lines. The Supervisory Board thanked Mr Wallin and Dr Hinsch for their exceptional work for the Talanx Group: “With their prudent entrepreneurial mindset and approach both have crucially contributed to the successful development of the Talanx Group,” commented Herbert K. Haas, Chairman of the Supervisory Board of Talanx AG. “I wish Mr Henchoz and Dr Puls every success in their challenging new roles.”
The Talanx AG Board of Management led by Torsten Leue thus now consists of the following members: Sven Fokkema (Retail International Division), Jean-Jacques Henchoz (Reinsurance Division), Dr Edgar Puls (Industrial Lines Division), Dr Immo Querner (Finance) and Dr Jan Wicke (Retail Germany Division and Information Technology/IT).