Talanx increases insurance revenue after nine months to EUR 32.3 (29.9) billion and Group net income to EUR 1.3 (0.9) billion. The return on equity stands at 18.4 (13.9) per cent. The strong insurance service result was a key driver in the first nine months, buoyed by inflation-related price increases and large loss payments that remained within budget.
Due to the strong result, the Group is raising its profit forecast for 2023 from EUR 1.4 billion to over EUR 1.5 billion and is expecting to reach its medium-term target, which was originally for 2025, a year earlier than planned. Furthermore, Talanx shall exceed it with its new target for Group net income of EUR 1.7 billion.
You can find out more about the result and the outlook for the current and coming financial year in the video by Jan Wicke.
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.