Very large majority for all proposed resolutions at virtual Annual General Meeting

Dividend increase of 35 cents to EUR 2.35 resolved
Talanx Group makes strong start to the year with quarterly net income of EUR 572 million

Talanx AG’s General Meeting approved all resolutions proposed by the Board of Management and Supervisory Board, including the proposal on the appropriation of the distributable profit, by a very large majority. Shareholders voted to increase the dividend per share by 35 cents (roughly 18 percent) to EUR 2.35.

This means the Talanx Group’s dividend has risen by 75 cents from EUR 1.60 over the past two years, an increase of 47 percent. Talanx has either lifted its dividend or at the least kept it stable every year since the Company went public. The dividend yield is 4.4 percent, based on the average share price in 2023 of EUR 53.45. The goal is to distribute a dividend of EUR 2.50 for financial year 2024, assuming that business goes according to plan.

Speaking to the General Meeting, Torsten Leue, Chairman of Talanx AG’s Board of Management, emphasized the Talanx Group’s extremely strong performance in the past financial year: “We proved yet again in 2023 that our focused and ambitious strategy is a success. We are growing sustainably and profitably in the interests of our business partners, customers, shareholders and employees. We generated record Group net income while also enhancing our resilience despite macroeconomic and geopolitical challenges. This demonstrates the high quality of our earnings. What is more, we have made a strong start to the year in 2024, lifting our quarterly net income by 35 percent year-on-year to EUR 572 million. This has increased our confidence that we can clearly exceed our Group net income target of more than EUR 1.7 billion.”

Talanx AG’s General Meeting was held virtually for the fifth time in a row. Shareholders were able to submit questions online during the meeting in direct dialogue with the Board of Management and Supervisory Board. A total of 2,915 shareholders registered for the General Meeting. This corresponded to 92.14 percent of the Company's voting share capital.

Talanx AG’s next General Meeting is scheduled to take place on 8 May 2025.

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.