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Corporate news

17 February 2026

Contractual and mutually agreed termination of strategic cooperation with Meiji Yasuda Life Insurance Company on 31 December 2025
Acquisition of the remaining shares in the Polish subsidiaries Towarzystwo Ubezpieczeń i Reasekuracji Warta S.A. (24.3%) and Towarzystwo Ubezpieczeń Europa S.A. (50.0% minus one share) now completed
Proportionate earnings of the minority interests now acquired have been fully consolidated since the first quarter of 2025 and reported as part of the Retail International division

The strategic partnership between Talanx AG and Meiji Yasuda Life Insurance Company (Meiji Yasuda) expired by mutual agreement on 31 December 2025. Based on the economic conditions agreed in December 2024, Talanx exercised its purchase options on the shares held by Meiji Yasuda in the Polish subsidiaries Towarzystwo Ubezpieczeń i Reasekuracji Warta S.A. (Warta) (24.3%) and Towarzystwo Ubezpieczeń Europa S.A. (TU Europa) (50.0% minus one share) held by Meiji Yasuda and paid the purchase price in exchange for the transfer of the shares on 16 February 2026. Due to the specific accounting rules for the recognition of the contractually agreed option rights, the proportionate earnings of the minority interests now acquired have been fully recognised in the earnings of the Retail International division since 1 January 2025.

"On behalf of the entire Board of Management of Talanx AG, I would like to express my sincere thanks to Meiji Yasuda for the long-standing and trusting partnership,” says Torsten Leue, Chairman of the Board of Management of Talanx AG. “The close cooperation with such a well-known and reliable shareholder has significantly supported and shaped our company's development. We look back on our time together with great appreciation and wish Meiji Yasuda continued success in the future."

"I would like to thank Meiji Yasuda for the many years of very constructive and supportive cooperation," says Dr Wilm Langenbach, member of the Board of Management of Talanx AG with responsibility for the Private and Corporate Customers International business segment and Chairman of the Board of Management of HDI International AG. "With the complete acquisition of the remaining shares in Warta and TU Europa, we are further strengthening our position in the core market of Poland and will now participate fully in the successful strategic development of both companies."

HDI International AG, which is responsible for international private and commercial insurance business within the Talanx Group, has been represented on the Polish market with Warta since 2012. Warta is the second-largest insurance company in Poland and the group generated insurance revenue of approximately EUR 2.7 billion in 2024 with around 3,000 employees.

HDI International has also been active in Poland with TU Europa since 2012. In 2024, TU Europa generated total insurance revenue of EUR 168 million with around 350 employees.

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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.