CFO Dr. Jan Wicke - First quarter 2023: Good start into the new financial year

“We have a very resilient business model, and we are able to grow”, says Talanx CFO Dr. Jan Wicke.

Talanx is fully on track to achieve its annual targets. The Group starts its first financial year under the new accounting standard IFRS 17/9 with an increase in insurance revenue to EUR 10.7 (10.1) billion and in Group net income to EUR 423 (322) million. The good quarterly result was positively affected by a low major losses volume and interest rate effects deriving from the new accounting standards.

The Group is thus on a good way to achieve its full-year targets. EUR 42 billion in insurance revenue, a Group net income of EUR 1.4 billion and a return on equity of at least 10 percent are the targets that the Group wants to achieve by the end of the year.

Why, nevertheless, the forecast is not too conservative and how this is influenced by the new accounting standard - this information and more, you can find out in the video by Jan Wicke on the quarterly financial statement.

Disclaimer

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.