Strategy

2024-Konzern-Strategie_EN_Diagramm

Our Group Strategy 2025 continues our growth path and increases our ambition in line with our guiding principle of “from Stabilisation to Acceleration”.

Talanx Strategy 2025 in pictures

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In its current strategic cycle, the Talanx Group has set itself ambitious goals. Based on the strategic house the animation clip explains how the divisions are contributing to this and what steps are being taken to achieve it.

Our Medium-term targets

Talanx will present new targets for 2025 in March 2024, when it publishes its annual financial statements.

Mittelfrist-Ziele-EN-1

1) By 2025, based on a normalised baseline for Group net income of EUR 1,250 million in 2022
2) The dividend per share for financial year 2022 has been paid in 2023
3) Planned dividend per share for financial year 2025, payable in 2026

Our strategic focus topics

A. Capital management

We maximise financial flexibility within the Group, providing solid capital resources at all times and ensuring long-term dividend growth:

  • Capital is only allocated to grow businesses if strategic and profitability criteria are met
  • Ongoing optimisation of the Group’s capital structure to ensure adequate liquidity both at holding company level (by increasing the profits transferred from primary insurance operations) and at the level of our subsidiaries' local capital resources
  • Optimised dividend policy and continuous dividend growth

B. People management

Our goal is to be an attractive employer with an identity-forming culture:

  • “Hire” – We tailor our recruiting to our target groups and take a holistic approach.
  • “Develop” – We empower our employees by offering attractive, customised development paths.
  • “Inspire” – We inspire our employees to actively develop our culture and foster entrepreneurship.
  • “Xperience” – We create spaces and make our culture tangible.

C. Focused divisional strategies

Our divisions’ strategies are based on our Group strategy. Our clear strategic ambition is to increase the share of profits generated by our primary insurance operations.

Industrial Lines

Enhancing our good market position by:

  • Being/striving to be a leading international insurance programmes (IP) and captive insurance provider
  • Combining our new underwriting culture coupled with lean operations
  • Transforming into a specialty powerhouse and fully leveraging market position

Retail Germany

Focus on growth initiatives, after successful completing optimization program:

  • SME (small and medium enterprises) business is the key growth initiative
  • Become a market-leading bancassurance franchise
  • Profitability campaign in life insurance

Retail International

TOP 5 property/casualty insurer in core markets(1) in Latin America and Central/Eastern Europe:

  • Profitable organic and non-organic growth
  • Continuous focus on technical excellence
  • Portfolio diversification

1) Core markets: Brazil, Chile, Mexico, Poland, Türkiye

Reinsurance

  • Building on existing strengths in reinsurance, especially as regards competitiveness and profitability
  • Building innovation capabilities to create optionality
  • Pursuing long-term focus on APAC region
  • Secure and selectively expand position as a Global Player

D. Sustainability/ESG

Our sustainability strategy is based on focused implementation of ESG-specific aspects in investment, underwriting and operations as well as the Group's social commitment:

  • Constantly pursuing our Net-Zero goal for 2030 in our operations worldwide and 25% emission reduction until 2025 in Germany
  • Net-Zero 2050 target for underwriting and withdrawal from thermal coal infrastructure until 2038
  • Net-Zero 2050 target for investment and reduction of CO2 intensity of the liquid portfolio by 30% by the end of 2025
  • Social focus especially in diversity and (employee) education