Talanx records best half-yearly group net income result in its history

Written by Adam Cadle

14/08/2023

Talanx’s group net income rose by 21% to €827m in H1 compared to a year earlier, the best half-yearly result in its history, and insurance revenue climbed to €20.9bn from €19.2bn in the same period.

According to the group's latest financial results, the net insurance financial and investment result before currency effects was €760m, down from €806m year-on-year. The SII ratio as at 30 June 2023 was 217% compared to 212% on 31 March 2023.

Insurance revenue in the P&C insurance segment rose by 8% to €861m in H1, while life insurance revenue dropped to €861m from €912m a year earlier.

Talanx said it is “confident” of exceeding both its target of €42bn for insurance revenue and the figure of €1,400m for group net income in the current year.

“We have also got off to a strong start in our new strategy cycle for the period up to 2025 – a strong signal that our divisions are continuing their successful work and that our group is extremely resilient, despite global economic challenges,” Talanx AG board of management chairman, Torsten Leue, said.

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