TALANX AG Talanx lifted its first-quarter insurance revenue by 9 percent year-on-year to EUR 11.7 (10.7) billion and its Group net income by 35 percent to EUR 572 (423) million. The return on equity stands at 21.2 (18.9) percent and reflects the positive claims experience.
The Talanx Group is therefore well on track to achieve its targets for 2024 - but is aware that loss events and the shifting from low-yield to higher-yield investments may impact net income over the course of the year. Nevertheless, the Group is increasingly confident that it will significantly exceed its full year net income target. At the end of last year, Talanx set itself the target of achieving a net income of more than EUR 1.7 billion and a return on equity of more than 15 percent by 2024.
Disclaimer
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG's control, affect Talanx AG's business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
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Talanx AG published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:39:05 UTC.
