What makes me confident with our guidance - our group is very resilient

The Talanx Group got off to a good start in the new year, experiencing double-digit growth in premium income of 16.5 percent to EUR 15.9 billion. It also achieved a good result of EUR 256 million in Group net income - despite an increased loss volume from natural catastrophes and the continuing high impact of the Corona pandemic in life and health reinsurance, which, however, increasingly returned to normal in the course of the quarter. In the outlook for the rest of the financial year, Russia's war in Ukraine and rising inflation and interest rates have emerged as strong influencing factors. Nevertheless, based on its resilience Talanx can confirm its forecast and medium-term targets.

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.