In 2025, the Talanx Group increased its insurance sales by 5 percent at constant exchange rates to EUR 49.0 billion and consolidated net income by 25 percent to EUR 2,480 million, thus achieving the profit target, which was raised to more than EUR 2.4 billion in the course of the year.
The operating result (EBIT) rose to EUR 5.3 billion, the return on equity to 19.7%, and the Management Board and Supervisory Board are proposing a 33% increase in the dividend per share to EUR 3.60.
Highlights Sales growth: Insurance sales 2025 adjusted for currency effects +5% to EUR 49.0 billion (in euros +2%). :
Jump in consolidated profit +25% to EUR 2,480 million, above the original target of >EUR 2.1 billion and in line with the forecast, which has been raised to >EUR 2.4 billion.
Key operating figures: EBIT +8 percent to EUR 5.3 billion, underwriting result +11 percent to EUR 5.7 billion, return on equity 19.7 percent. :
Proposal to increase the dividend per share by 33% to EUR 3.60; dividend growth thus stronger than the Group result. :
Profit contribution All business divisions contribute to profit growth, primary insurance and reinsurance each make an equal contribution. :
Claims experience Despite the largest natural catastrophe loss in the Group's history in the first quarter, the Group benefited from an unusually low number of natural catastrophes in the following three quarters. :
Strategy Diversification, decentralization, cost leadership and a culture of trust are highlighted as key success factors.
Outlook2026: Confirmation of the profit target of around EUR 2.7 billion and expectation of a return on equity of around 19%; the target originally announced for 2027 should therefore be achieved and exceeded one year earlier. :
Risk information Targets are subject to stable currency and capital markets, expected major losses and a geopolitical and macroeconomic situation that does not escalate further.
Conclusion Talanx shows a very strong and high-quality result in 2025 with significant profit and dividend growth, supported by operational strength, good claims development and a broad, diversified positioning.
The optimistic outlook for 2026 with a targeted consolidated result of EUR 2.7 billion and a high return on equity underlines the ambition to even exceed the company's own medium-term planning, but remains dependent on market and claims developments as well as geopolitical risks.
