Shareholders of Talanx AG approve another dividend increase

The shareholders of Talanx AG have approved by a large majority all resolutions proposed by the Board of Management and Supervisory Board. At today's Annual General Meeting, they voted for the payment of a EUR 1.30 (1.25) dividend per share. Based on the 2015 average share price, this corresponds to a dividend yield of 4.6 percent. The dividend has therefore increased in every financial year since the IPO in 2012.

"Our shareholders should also benefit from the commercial success Talanx Group has achieved in the previous financial year. This further dividend increase underlines that we are upholding our consistent and attractive dividend policy," said Herbert K. Haas, Chairman of the Board of Management of Talanx AG. The gross written premiums for Talanx Group increased by 9.7 percent to EUR 31.8 (29.0) billion in 2015. Operating profit (EBIT) grew by 15.3 percent to a record high of EUR 2.2 (1.9) billion. At EUR 734 (769) million, the Group net income achieved the second-highest number in the history of the company, despite the complete goodwill impairment in the amount of EUR 155 million in the German life insurance business.
425 shareholders were represented at the Annual General Meeting at the Hannover Congress Centrum, corresponding to 91.85 percent of the company’s voting share capital.

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.