Talanx sees insurance revenue and group net income grow

Written by Adam Cadle

15/05/2023

Talanx has seen its insurance revenue and group net income grow in the first three months of 2023.

Insurance revenue for Q1 2023 was €10.7bn compared to €10.1bn in the prior-year quarter, and group net income increased by 31% to €423m in the same period.

The net insurance financial and investment result before currency effects amounted to €330m compared to €388m in the prior-year quarter. Operating profit stood at €1,043m, while group net income rose to €423m from €322m. The Solvency II ratio as at 31 March 2023 was 212%.

“Our group remains resilient and our strategy is continuing to prove extremely successful,” Talanx AG’s board of management chair Torsten Leue said.

“Not only are we confirming our forecast for the current financial year, but this is also a strong start to our new strategy cycle for the period up to 2025.”

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