Talanx has reported web earnings attributable shareholders of €604m for the primary quarter of 2025 (Q1 2025), a 5% improve from €576m in the identical quarter the earlier yr.
The German based mostly insurer’s diluted earnings per share additionally rose by 5%, reaching €2.34 from €2.23 in Q1 2024.
The first insurance coverage sector contributed 60% of the group’s web earnings, whereas reinsurance accounted for a 40% share.
Talanx’s working revenue (EBIT) grew by 4% to €1.3bn, up from €1.2bn in Q1 of the earlier yr.
The corporate’s insurance coverage income elevated by 5% to €12.4bn, in contrast with €11.7bn in the identical interval final yr.
Notably, the company & specialty division noticed a ten% rise in insurance coverage income to €2.6bn, and the retail worldwide division skilled a 4% improve to €2.3bn, with development noticed in Poland, Chile and Colombia.
The group’s web earnings now consists of the beforehand unconsolidated minority curiosity within the web earnings of Polish subsidiaries Warta and TU Europa, and following the tip of a partnership with Meiji Yasuda Life Insurance coverage.
Within the retail Germany division, insurance coverage income for the quarter was reported at €812m, attributed to the expiration of a partnership with Targobank.
The reinsurance division elevated its insurance coverage income by 5% to €7bn.
The property and casualty (P&C) reinsurance section skilled a 7% rise to €5.1bn, whereas the life/well being reinsurance section remained steady at €1.9bn.
The P&C section’s development was credited to new enterprise and ongoing pricing ranges.
The forest fires in California resulted in a lack of €640m, one of many largest from a pure catastrophe within the Group’s historical past, the corporate mentioned in a press release.
The mixed ratio for the quarter was 92.8%, down from 90.8% the earlier yr.
Talanx has confirmed its 2025 earnings goal of greater than €2.1bn and is aiming for a Group web earnings of greater than €2.5bn, with a proposed dividend improve to €4.00 per share for 2027.
Talanx CEO Torsten Leue mentioned: “We acquired off to a robust begin in 2025, demonstrating that our diversified enterprise mannequin is paying off. Though the primary quarter, which noticed the forest fires in California, produced one of many largest losses from a pure catastrophe within the Group’s historical past, we additionally generated our strongest quarterly web earnings to this point. This exhibits we’re robustly positioned with our mixture of Main Insurance coverage and Reinsurance, which is anticipated to normalise once more in the midst of the yr.
“I’m extremely assured that we will attain our goal web earnings for 2025 of greater than €2.1bn.”
In February, the group’s Retail Worldwide Division Agreed to Divest its Ecuadorian Entity, HDI Seguros, to Group Financiero Atlántida.
