Talanx seeks to raise net income by 25% by 2025

Written by Adam Cadle

07/12/2022

Talanx Group is seeking to raise its net income by 25% to about €1.6bn by 2025, as part of its three-year strategy.

With its new Strategy 25, the goal is for the group’s return on equity to permanently exceed 10%.

“We have more than delivered on all our medium-term targets from 2018 despite negative impacts that were mainly due to COVID-19 and a large number of natural disasters. This shows we can withstand external shocks well thanks to our resilience and diversification. Our primary insurance operations played a particularly large role in these successes, and it is clear that our optimisation measures and growth programmes have paid off. We are aiming to build on this clear show of strength to improve our performance even further, and are setting ourselves additional, highly ambitious goals that are bundled together in our Strategy 25”, Talanx CEO Torsten Leue said.

“The key factors underpinning these ambitious plans are ongoing organic and non-organic growth, underwriting excellence, a focus on profitable business in the divisions and a decentralised corporate culture that is based on trust.”

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