The Group

Talanx underwent particularly strong growth over the past decade and achieved gross written premiums amounting to EUR 53.4 billion for the year 2022. Talanx operates extremely successfully as a multi-brand provider in highly promising sectors of the insurance and financial services industry. The Group is led by Talanx AG which has been granted a reinsurance license at the beginning of 2019. The Company is now no longer a pure holding company but instead also conducts business activities and acts as an intragroup reinsurer for primary insurance. The largest shareholder of Talanx AG with a stake of roughly 79 percent is HDI V.a.G., a mutual insurance company. The remaining ca. 21 percent of shares are in the free float.

talanx-konzern-flaggen

The Group companies operate under a number of different brands. These include HDI, delivering insurance solutions to retail customers and industrial clients, Hannover Re, one of the world's leading reinsurers, the bancassurance specialists neue leben insurers and TARGO insurers as well as Ampega, a funds provider and asset manager. The Talanx Group conducts business in its Industrial Lines, Retail Germany, Retail International and Reinsurance Divisions and in the area of financial services. The Hannover-based Group is active in more than 175 countries.

EUR million
2022
2021
20201
Adjusted in accordance with IAS 8.
Gross written premiums
53,431
45,507
41,109
Net premiums earned
44,722
37,863
34,190
Combined ratio in property/casualty primary insurance and property/casualty reinsurance 2
Including net interest income on funds withheld and contract deposits.
98.9%
97.7%
101.0%
Net investment income
3,700
4,718
4,240
Operating profit (EBIT)
3,372
2,454
1,645
Group net income (after non-controlling interests)
1,172
1,011
648
Return on equity 3
The ratio of annualised net income for the reporting period excluding non-controlling interests to average shareholders’ equity excluding non-controlling interests.
12.9%
9,6 %
6,3 %
  1. 1) Adjusted in accordance with IAS 8.
  2. 2) Including net interest income on funds withheld and contract deposits.
  3. 3) The ratio of annualised net income for the reporting period excluding non-controlling interests to average shareholders’ equity excluding non-controlling interests.
Board of Management

The Board of Management is composed of seven members. Since 2018 Torsten Leue is serving as Chairman of the Board of Management.

Supervisory Board

The Supervisory Board is chaired by Herbert K. Haas since 2018. In total, the Supervisory Board is composed of 16 members.

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