Corporate News

Virtual Annual General Meeting passes all proposed resolutions by a very large majority

Talanx AG’s General Meeting passed all resolutions proposed by the Company’s Management and Supervisory Boards by a very large majority, including the proposals on the new remuneration systems for the Board of Management and Supervisory Board and on the appropriation of distributable profits.


Key Visual HV Talanx 2021

The shareholders approved the new remuneration systems for the Board of Management and the Supervisory Board by 96.50 and 99.90 percent respectively. The new remuneration system for the Board of Management provides for a higher proportion of long-term variable remuneration, the amount of which is also dependent on the relative performance of Talanx’s shares compared to competitors. At the individual level, specific sustainability goals will be set for the first time. In addition, caps on remuneration and a malus and clawback mechanism (i.e. the ability to demand the repayment of variable remuneration after the event) have been built into the system. The remuneration for the Supervisory Board will be changed to a fixed amount that is in line with market conditions.

At the overall level, the remuneration system helps promote and implement the Group’s strategy by ensuring that ambitious, long-term performance targets that are aligned with the interests of investors and other key stakeholders are set.

Shareholders also voted by a very large majority in favour of the proposal to pay a dividend of EUR 1.50 per share, as in the previous year. As a result, the dividend has remained stable despite the global coronavirus pandemic. Talanx has either increased its dividend or at least kept it stable every year since the Company went public. Measured in terms of the average share price in 2020, the dividend yield is 4.5 percent.

Due to the restrictions imposed by the coronavirus pandemic, Talanx AG’s General Meeting was purely virtual for the second time in a row. Shareholders had the opportunity to submit questions up to a day before the meeting and when doing so could also refer to the presentation by the Chairman of the Board of Management, which was published in advance. All in all, a record number of 4,956 shareholders (previous year: 4,400) registered for the meeting. This corresponded to 91.54 (93.23) percent of the Company's voting share capital.

Talanx AG’s next annual general meeting is scheduled to take place on 5 May 2022.


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.