Talanx AG - Earnings Release 2024

News Details

Ad-hoc | 25 April 2024 17:59

Talanx Aktiengesellschaft: Talanx achieves quarterly result of EUR 572 million

Talanx Aktiengesellschaft / Key word(s): Quarter Results/Forecast

Talanx Aktiengesellschaft: Talanx achieves quarterly result of EUR 572 million

25-Apr-2024 / 17:59 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

AD-HOC ANNOUNCEMENT

Publication of inside information pursuant to Article 17(1) of Regulation (EU) No 596/2014 on Market Abuse (Market Abuse Regulation – MAR)

Talanx achieves quarterly result of EUR 572 million

The Talanx Group has started the current financial year 2024 with a very strong first quarter and has significantly exceeded the analysts’ consensus of EUR 466 million 1 with a preliminary consolidated net income of EUR 572 (423) million. This development is primarily driven by the strong performance of the primary insurance activities.

Despite this positive development in the first quarter, Talanx is maintaining its full-year forecast. However, confidence has now increased that the targeted group result of more than EUR 1.7 billion can be exceeded significantly.

This earnings target assumes that large losses will not exceed the large loss budget, that the capital markets do not experience any upheavals and that no material currency fluctuations arise.

Talanx AG will report the final results for the first 3 months of the current financial year 2024 as planned on 15 May 2024.

1 Mean value based on estimates from 6 financial analysts

Contact:

Bernd Sablowsky

Head of Investor Relations

HDI-Platz 1

30659 Hannover

Tel: +49 511 37472793

End of Inside Information

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Language:	English
Company:	Talanx Aktiengesellschaft
	HDI-Platz 1
	30659 Hannover
	Germany
Phone:	+49 511 3747 2227
Fax:	+49 511 3747 2286
E-mail:	[email protected]
Internet:	www.talanx.com
ISIN:	DE000TLX1005
WKN:	TLX100
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID:	1889637