It’s a busy year for Talanx, here’s the word;
After generating record nine-month net income of EUR 2,195 (1,964) million, the Talanx Group is lifting its annual forecast – which it already increased once as at the first half of the year – to more than EUR 2.8 billion. This means that it would both meet and clearly exceed its original 2027 net income target of more than EUR 2.5 billion a year earlier than planned.
For 2027, the Group is expecting to generate Group net income of more than EUR 3.0 billion for the first time. Nine-month profit growth was driven by the positive business performance by all divisions, an ongoing strong insurance service result and higher net investment income. Primary Insurance lifted its share of Group net income to 53 (51) percent. Insurance revenue adjusted for currency effects rose 4 percent (growth in EUR: 3 percent) to EUR 37.0 (36.0) billion. The insurance service result climbed 11 percent to EUR 4.4 (4.0) billion, while operating profit rose 13 percent to EUR 4.6 (4.1) billion. The return on equity was 20.6 (21.5) percent.
“After nine months of 2026, we have both lifted our net income by double digits to a new record level and further increased its quality: our asset management policy and the continued extension of our resilience have strengthened our balance sheet yet again. We also clearly undershot our large loss budget, which was recognised in full, by roughly EUR 750 million. Our diversification strategy paid off yet again, with all divisions contributing to profit growth. Our strong operations and cost leadership strategy have made us extremely optimistic for the rest of the year and for 2027: we are lifting our full-year forecast to more than EUR 2.8 billion and are now expecting Group net income of more than EUR 3.0 billion for 2027”, said Talanx AG’s CEO Torsten Leue.
The insurance service result rose 11 percent to EUR 4.4 (4.0) billion. Large loss payments amounted to EUR 1.7 (1.5) billion, clearly undershooting the pro rata budget for the period by roughly EUR 750 million. The largest single losses from natural disasters were the earthquake in Colombia (EUR 270 million), the Atlantic storms on the Iberian peninsula and in Morocco (EUR 137 million) and Winter Storm “Fern” in the USA and Canada (EUR 109 million). In addition, the Talanx Group recognised reinsurance reserves of EUR 200 million in the second quarter for potential losses in connection with the Iran war. The combined ratio improved to 89.0 (89.8) percent.
The net insurance financial and investment result before currency effects rose on the back of the switch from low-yield to higher-yield investments in previous years, among other things, and of larger realised gains on the sale of investments, climbing 52 percent to EUR 1.5 (1.0) billion. Operating profit (EBIT) grew 13 percent to EUR 4.6 (4.1) billion, while Group net income rose 12 percent to EUR 2,195 (1,964) million. The Solvency 2 ratio as at 30 September 2026 was 241 percent (31 December 2025: 243 percent).
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