Business development

In the year under review The Talanx Group improved further on the previous year’s good results. Gross premium, Group net income and EBIT all grew again, with Group net income reaching its highest ever level at the Talanx Group thanks to extraordinary income from the sale of shares and positive tax effects.

M7Gross written premium
P065_Chart: Gross written premium
M8Operating profit (EBIT)
P065_Chart: Operating profit (EBIT)

Talanx AG consolidates its position in the MDAX

HDI V. a. G. placed a further block of shares in Talanx AG on the stock market. This raised the free float by 3.3 percentage points to 14.5% (including employee shares), without diluting the stakes of other shareholders. HDI V. a. G. remains the main shareholder with a stake of 79.0%, while Meiji Yasuda is still an important anchor shareholder with 6.5%.

Business in Germany becomes more profitable

We made good progress with restructuring in the Retail Germany Division. Our earnings power has already increased on the road to improved competitiveness. We specifically targeted measures relating to new business at improving profitability, and are pleased with the growth already achieved in single-premium business.

Significant expansion of international business

Gross premium in our international retail business rose considerably in the year under review. The Polish companies TU Europa and WARTA that we acquired with Meiji Yasuda pushed up gross premium volume in Eastern Europe significantly. Poland is now Talanx’s largest foreign market following the takeovers.