"2012 was a very special year for Talanx,” said Chairman of the Board of Management Herbert K. Haas in his presentation. “109 years after our company was established, we have achieved our debut on the stock exchange and created additional financial flexibility for ourselves so that we are in a position to strengthen the growth of our Group. Notwithstanding the high workload for our workforce caused by the initial public offering, we succeeded in improving virtually all the key indicators and made consistent progress with our expansion in international markets.”
During the past year, the Talanx Group increased gross written premium by 13 percent to 26.7 billion euros. The operating result (EBIT) increased by nearly half to 1.8 (previous year: 1.2) billion euros. After tax, the Group net income went up by more than one fifth to 630 (515) million euros.
In his presentation, Haas reaffirmed his outlook for the business year 2013. One of the targets envisaged is Group net income of more than 650 million euros and a return on equity of more than 9 percent. The target for gross premium should be at least 4 percent based on the assumption that exchange rates remain constant. These forecasts are subject to the condition that major claims remain in line with expectations and that no turbulence occurs in the currency and capital markets. The goal of paying out 35 to 45 percent of the Group operating result in accordance with IFRS as a dividend remains unchanged.
The following persons were elected as representatives of the shareholders to the Supervisory Board:
The following individuals were elected to the Supervisory Board for the first time:
Wolf-Dieter Baumgartl was re-elected as Chairman of the governance body at a constituent meeting of the Supervisory Board held after the Annual General Meeting.
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.