Talanx achieves quarterly result of EUR 572 million

Preliminary consolidated net income of EUR 572 million –analysts' consensus clearly exceeded
Despite unchanged full-year forecast, confidence of significantly exceeding targeted annual net income
Final results for the first three months reported on 15 May 2024

The Talanx Group has started the current financial year 2024 with a very strong first quarter and has significantly exceeded the analysts' consensus of EUR 466 million [1] with a preliminary consolidated net income of EUR 572 (423) million. This development is primarily driven by the strong performance of the primary insurance activities.

Despite this positive development in the first quarter, Talanx is maintaining its full-year forecast. However, confidence has now increased that the targeted group net income of more than EUR 1.7 billion can be exceeded significantly.

This earnings target assumes that large losses will not exceed the large loss budget, that the capital markets do not experience any upheavals and that no material currency fluctuations arise.

Talanx AG will report the final results for the first three months of the current financial year 2024 as planned on 15 May 2024.

[1] Mean value based on estimates from six financial analysts.

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.