Talanx

#PreliminaryResults: The Talanx Group continued its positive business trend of the first nine months at the end of the year, and is expecting Group net income of EUR 1,977 million for financial year 2024, based on consolidated unaudited figures. Insurance revenue rose to EUR 48.1 billion. Return on equity is expected to be 17.8 percent. The Group has confirmed its earnings target for the current year, 2025, of more than EUR 2.1 billion, which it increased in November 2024. 📅 Stay tuned: #AnnualResults press conference 👉 19 March 2025 Read more: https://lnkd.in/eKk8gTFa #FinancialResults Torsten Leue Jan Wicke

From A+ to AA- S&P Global Ratings raises the financial strength rating for our primary insurance group.   Talanx was upgraded from "A+” (Strong) to “AA-“ (Very Strong)  – reflecting our increasing earnings diversification and sustainably improved resilience. In addition to the very successful development of the Corporate & Specialty division, the expansion in Latin America, where the Talanx Group has now become the second-largest property and casualty insurer for private customers following its latest acquisition, also contributed to this.   "We are very pleased with the immediate upgrade by S&P, as we believe this decision confirms the continuous progress of our Group towards diversified and sustainable profitability. With our AA- rating, we have further improved our rating positioning and achieved the second-best rating, which underlines our resilience," comments Jan Wicke, CFO of Talanx AG and HDI V.a.G.   #Talanx #Rating S&P Global

Global insights – local excellence: Let's outperform #together Global Audit Conference 2024 – for the first time hybrid in Hannover After the event in the last three years has been held exclusively remotely, the global audit experts as well as colleagues from other functions of our group met in person for the first time in Hannover. With a total of 100 participants from Germany, Colombia, Mexico, Italy, Chile, Brazil, Vietnam, Poland and the USA on site at HDI Platz and 60 participants from all over the Talanx world connected remotely, the strength of the global community was evident. ‘It's amazing to see this group coming together,’ said Chief Audit Executive, Dirk Thalheimer, host of the event, visibly impressed. In addition to external speakers, the Talanx board members Torsten Leue, Wilm Langenbach and Edgar Puls also provided inspiring impulses to the internal audit community. "I see a huge contribution of the internal audit. It's not just about fulfilling regulatory environments request. It's about being a strategic partner. Being a talent pool for the group," said Talanx CEO Torsten Leue. The conference focused on: ➡️ Audit being a strategic partner for the continued successful performance of the Talanx Group ➡️ Creating added value through cross-functional collaboration, which was also expressed in the breakout sessions ➡️ Trust and communication: Open and transparent communication, along with a foundation of trust, are essential for effective global collaboration ➡️ Global perspective, local excellence: leveraging the power of a global outlook while harnessing the expertise and innovation of local teams is the key to our collective success ➡️ This synergy allows to address diverse market needs, drive innovation and deliver exceptional outcomes   A successful day – to be continued: the Global Audit Conference will meet again in December 2025. Special thanks to the organising team Jana Zimmek, Dajana Siebrasse, Sabine Fei, Franziska Thomas, Markus Pultermann, Erwin Lang, Helena Probst, Robert Gann and Christine Stolle! #TalanxNetworks #Talanx #HDI #InternalAudit #Audit

Together: Thanks to the commitment of our 28,000 employees, we look back on another very successful year. Thank you to all our teams worldwide who have contributed to this success by living our values of transparency, engagement and collaboration! Thanks to all of you who follow our content here. Your engagement and interest in our topics has been inspiring. By the way: Without our CEO Torsten Leue, the Christmas tree for this bauble in Hannover would not have existed. Why? 👉 Find the link to the full video in the comments. For the upcoming festive season and the turn of the year, we wish you peaceful and reflective moments and a happy new year. We look forward to sharing Talanx moments with you again in 2025! #TogetherTalanx #Talanx

Strategy and Cultural Transformation – together.   In a VUCA world, we rely on strong leaders to help us understand change and turn it into an opportunity for growth and innovation.   Martin Weldi has been Talanx’ Head of Group Corporate Development since 2018. Together with his teams, he drives the development and implementation of the Talanx strategy with the Talanx Board of Management, anchors sustainability in our strategy, communicates the strategy to the capital markets and manages the Group’s M&A activities and venture investments through Hannover Digital Investments.   Prior to this role, Martin was Head of Motor Claims for HDI Group Germany and HDI Global SE, an experience that made him realise the importance of the implementation perspective and customer service for our success.   "A clear vision and strategy is one thing. But the decisive factor is how we implement and communicate a strategy, how we create trust and credibility with investors, partners, employees and the public," explains Martin. The Together and curiosity help with this. "Our decentralised structure and the direct responsibility of the business units and employees are powerful tools. We leverage these powerful tools by valuing the diverse knowledge treasures in the company with an open mindset and getting across the finish line together."    Important cornerstones of his work are teamwork, curiosity, trust and an impact-orientated approach. He is proud that our strategy is working: "We just presented it at our Capital Markets Day - promises delivered and higher mid-term targets."   Martin is seeing the culture evolve over time and we look forward to experiencing this evolution with him. In the next year from his extended position in the Board of Management of HDI AG. At Talanx, we are proud of the diversity of strengths, cultures, perspectives and stories with which they contribute to the company's success. In our #WeAreTalanx series, we would like to introduce you to some of these people.    #Talanx #HDI #Strategy #CapitalMarket

Talanx Group outperformed its 2025 targets a year ahead of schedule and lifted its medium-targets for 2027. At our Capital Markets Day in Munich, Torsten Leue and Jan Wicke announced new goals: 🔹 Growth of Group net income by 30 percent to more than EUR 2.5 billion by 2027 🔹 2024 dividend to be increased to EUR 2.70 per share – prospect of further rise by about 50 percent to EUR 4.00 per share by 2027 🔹 Group return on equity target of permanently more than 12 percent “We are going to clearly exceed the targets set out in our current strategy cycle a year early, despite the geopolitical and macroeconomic challenges. Our strategy, which is built around decentralization, diversification and cost leadership, has paid off, and this makes us highly confident that we shall reach our ambitious targets by 2027”, said Torsten Leue. In addition to the strong growth of the entire primary insurance operations, the Retail International Division’s profitable growth has played a major role in the positive business development of our Group. At the event, Wilm Langenbach and Nicolas Masjuan looked back on the successes of recent years and the acquisition of former Liberty companies in 2023 and 2024, that will add more than EUR 80 million to earnings in 2024. Watch the event now as a recording: https://lnkd.in/dCKguY_Z   #CapitalMarkets #InvestorRelations #Analysts #Investors #TalanxFinancials ################################### Disclaimer This post contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These factors are, like Talanx AG’s business as a whole, subject to certain known or unknown risks and uncertainties and may well be outside of Talanx AG’s control. Should one or more of these factors may in the future vary materially from those expressed or implied in the relevant forward-looking statement, Talanx AG does not accept any responsibility or liability, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

Winter atmosphere at HDI-Platz! 🎄☕️ The days are getting shorter, but our little winter market brings light and joy into the dark season. Our Talanx Board members Torsten Leue, Jan Wicke, Caroline Schlienkamp, Edgar Puls and from the Board of Management of the Retail German Division Daniel Schulze Lammers also actively participated by keeping the employees in good spirits with food and hot drinks - there are many ways in which we experience our #together at the Talanx / HDI Group. In this work year, we have once again brought our #TEC values (Transparency, Engagement, Collaboration) to life. The winter market now offers a contemplative opportunity to enjoy a cup of winter punch together and strengthen team spirit. How do you celebrate the winter season at your workplace? Feel free to share your activities in the comments! ⬇

In the fast lane with a sense of proportion In order to fulfil our mission and purpose, particularly in supporting the development of our business models in times of increasing regulatory requirements, it is crucial that these are legally secure and in line with compliance and data protection. And this is becoming increasingly complex. New regulations, growing internationalisation, faster changes - every day brings something new. Dr. Henning Kuschewitz has been Head of Group Legal - Law at the Talanx Group since 2022 and, together with his team, advises and supports us in this process. "Our job in the legal department is to make these changes possible. We have to act in a solution-orientated, cost-efficient and fast manner, monitor new technologies, guidelines and more and more topics such as GenAI, Solvency or ESG." Henning and his team also advise on large acquisitions such as the Liberty companies and capital market projects, as well as events such as the annual general meeting. "I love this variety and the fast pace." Henning is very active both at work and in his free time. He has found a challenging hobby in CrossFit. He and his family never spend more than three days in one place on holiday in their camper van. He has been with Talanx for much longer - for twelve years. "We work together as partners, responsibly, solution-orientated and with flat hierarchies - that's what our Together is all about," he describes. At Talanx, we are proud of the diversity of strengths, cultures, perspectives and stories with which they contribute to the company's success. In our WeAreTalanx series, we would like to introduce you to some of these people. #WeAreTalanx #Legal #Law #Talanx

From Steering to Controlling… …and lots of energy and enthusiasm in the air! A big thank you to our 90 controlling experts from all over the world for coming to the Controlling Community offsite in Hannover– it was inspiring! And an equally big thank you to Golshid Hamidi, Alexander Kulms, Karen Löwenstein, Michael Schmidt-Rosin, Bas de Vries and Sascha K. Müller, who organised this event across the entire Talanx Group, from Ampega, to HDI Global SE, HDI Group, HDI International, Hannover Rück-Gruppe Rück to Talanx. This was the fourth time that the community had met. Previously formed as the ‘IFRS Steering Community’ to meet the challenges of steering in the new landscape of the International Financial Reporting Standards 17/9, it has now developed into the Controlling Community to bring the members closer together, to provide impulses for the future of controlling / controlling of the future and to foster the exchange of knowledge among each other.   At the Controlling Community offsite, the focus for two intensive days was on forward-looking topics such as AI, reporting and the use of modern BI tools: How can we use these innovations to make our work even more efficient and intelligent? Many thanks to Jens Gräf and Matthias Emler from Horváth for their interesting insights on the topic! With future fair market stands the participants deepened these insights in future-oriented dialogues between the different controlling units of Talanx Group.   In his keynote, HDI Global CFO Dr. Christian Hermelingmeier took a look at the controlling of the future:   💡 It’s about impact: Understanding the business is key for enhancing the role of Controlling as a valuable business partner, while digital transformation and advanced analytics can boost transparency and efficiency. 💡 The Controller of the future is many roles. Recognizing that different roles require diverse skill sets, a role-based approach can enable agility and better match individual capabilities. 💡 While strategies may seem straightforward, it is a disciplined and clear-focused execution that truly matters. Agile goal-setting can help effectively implementing strategies and achieving desired outcomes. What are your thoughts on the future of controlling?   #BI #PowerBI #BusinessIntelligence #Data #DataAnalytics #Controlling #TalanxNetworks

Talanx raises 2024 earnings target significantly after record nine-month Group income The Talanx Group has generated nine-month Group net income of EUR 1,592 (1,279) million, already exceeding the full prior-year figure, and is lifting its earnings forecast for financial year 2024 from more than EUR 1.7 billion to more than EUR 1.9 billion. At the same time, Talanx is now expecting Group net income in excess of EUR 2.1 billion for 2025.   The Group had originally forecast Group net income for 2025 of EUR 1.6 billion at its Capital Market Day at the end of 2022; based on its current business performance, it now not only expects to hit this target a year earlier than planned but also to substantially exceed it. As at 30 September 2024   ➡ Insurance revenue rose 12 percent to EUR 36.0 (32.3) billion ➡ Operating profit (EBIT) grew 33 percent to EUR 3.7 (2.8) billion ➡ Group’s return on equity rose to 19.4 (18.4) percent and the full-year figure is expected to be well above the strategic target of at least 10 percent.   Talanx CEO Torsten Leue: “We have taken our Group net income to a new, record level and exceeded last year’s figure after only nine months – our risk-aware underwriting, our diversified business model including the acquisition of the companies in Latin America and our decentralised strategy are paying off yet again.”   #FinancialResults #9M2024 #Talanx