Talanx (TLX) AGM 2026 presentation summary

Financial performance highlights

• Achieved record net income of €2.48 billion in 2025, a 25% increase over 2024.

• Dividend per share rose 33% to €3.60 for 2025.

• Return on equity increased to 19.7% in 2025, up 1.8 percentage points.

• Share price outperformed, rising 39% in 2025, significantly ahead of the STOXX Europe 600 Insurance index.

Strategic and operational factors

• Maintained a balanced portfolio: 50% primary insurance, 50% reinsurance.

• Focused on cost leadership, diversification, and resilience, with over €5 billion in resilient assets.

• Strategy centers on capital management, people management, and targeted business segment strategies.

Capital management and ratings

• Solvency ratio improved to 243% by end of 2025, well above the target corridor.

• Maintained strong credit ratings: AA- (S&P) and A+ (AM Best).

• Conservative investment portfolio: 93% in investment grade, 83% in fixed income, 1% in equities.