Talanx Reports Net Income Of EUR 673 million in 2020

The Talanx Group generated stable Group internet revenue of EUR 673 (923) million in monetary yr 2020, based mostly on preliminary unaudited consolidated figures, regardless of coronavirus claims bills payable to shoppers. That is consistent with the forecast of “clearly in extra of EUR 600 million” that the Talanx Group revealed in November 2020. Working revenue (EBIT) was EUR 1.7 (2.4) billion. Gross written premiums had been up 4.1 p.c to EUR 41.1 (39.5) billion.

Talanx is a German multinational financial services company headquartered in Hanover, Germany. Its core businesses are reinsurance, insurance and asset management. Talanx is Germany’s third-largest and one of the major European insurance Groups by premium income

For financial year 2021, the Talanx Group is maintaining its expectation of Group net income in the range of between EUR 800 and EUR 900 million, despite the ongoing coronavirus crisis. The Group is continuing to pursue its medium-term targets for the period up to financial year 2022, and especially average annual growth in earnings per share of at least 5 percent compared with the original target of EUR 850 million for financial year 2018.

Check the video here- https://www.talanx.com/en/newsroom/press_articles/cfo_wicke_preliminary_results_2020

 

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