Sign Up
Login

Talanx Group generates record profit of €1,581m

Written by Adam Cadle
09/02/2024

Talanx Group generated a record profit of €1,581m in financial year 2023, clearly surpassing the original annual target of around €1.4bn.

Insurance revenue rose to €43.2bn, up from €39.7bn a year earlier, and the return on equity of 16.6% exceeds the strategic target of 10%.

Talanx confirmed the outlook for the group net income of more than €1.7bn for the current year. The group said “this means it will clearly exceed its 2025 group net income target of around €1.6bn one year earlier than planned”.

The group’s assets, liabilities, financial position and financial performance for 2023 were reported for the first time under the new IFRS 17 and IFRS 9 accounting standards.


Share Story:

Related Articles

  There are no related documents to show at this time.

Impact Investing roundtable

A Different Approach to Direct Lending
Adam Cadle talks to HSBC Asset Management’s head of direct lending UK & Europe, Tom Green, and head of insurance business, Deepak Seeburrun, about the firm’s direct lending proposition.

Absolute Return Fixed Income roundtable

European Loans roundtable

Portfolio optimisation in today’s challenging market environment
Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it
Most read stories...
The role ETFs can play in the ESG journey for insurers
Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing
World Markets (15 minute+ time delay)

Pictet-roundtable

BNP Paribas roundtable

ETFs roundtable

Iame roundtable May 2018

iame-roundtable2017