Talanx Group has reported strong financial results for 2024, with consolidated unaudited figures indicating a group net income of €1.98 billion, up from €1.58 billion in the previous year.
The company said that it met the earnings target it raised in November 2024 and increased its resilience. Primary insurance contributed 49% of the group’s net income, up from 46% the previous year. Insurance revenue rose to €48.1 billion from €43.2 billion, while the return on equity is expected to be 17.8%.
In line with a December 2024 announcement, the board of management also said that it plans to propose a dividend of €2.70 per share for 2024, subject to approval by the supervisory board and the general meeting.
The company had initially targeted a dividend increase to €2.50 per share by 2025, up from €2.00 per share in 2022, but has now exceeded this target ahead of schedule. Talanx noted that it aims to increase its dividend by approximately 50% by 2027, reaching €4.00 per share.
The group has also reaffirmed its earnings target for 2025, which was raised in November 2024, forecasting a net income of more than €2.1 billion. It plans to further expand net income beyond €2.5 billion by 2027.
The company will release its final key financial figures and full consolidated financial statements on March 19, 2025.
As part of its earlier announced targets, Talanx noted that it is set to exceed the benchmarks established under its Strategy 25 initiative, achieving these milestones by the end of 2024. The company’s average return on equity, originally targeted at over 10%, is expected to exceed 15% next year.
Group net income, initially forecasted at €1.6 billion for 2025, is now projected to surpass €1.9 billion in 2024, reflecting a growth rate of more than 50% since 2022.
In the longer term, Talanx noted that it aims to increase its net income by 30% to over €2.5 billion by 2027. Additionally, Talanx plans to boost its return on equity to consistently exceed 12%.
What are your thoughts on this story? Please feel free to share your comments below.
