Talanx Group, a European insurance provider and the parent of large reinsurer Hannover Re, reported a 25% increase in net income, reaching €1.977 billion for the 2024 financial year, based on preliminary figures.
The company saw strong growth in insurance revenue, which rose 11% to €48.1 billion compared to €43.2 billion in 2023.
Primary insurance accounted for 49% of the Group’s net income, an increase from 46% the previous year.
The combined ratio for the Group reflects continued underwriting discipline and operational efficiency, though the exact figure was not disclosed in the preliminary results.
Gross written premiums continued to grow across key business segments, contributing to the company’s overall revenue increase.
In the casualty segment, Talanx maintained its solid performance, reflecting stable underwriting results and profitable portfolio expansion.
Talanx has proposed a dividend of €2.70 per share, surpassing its previous target of €2.50 per share by 2025. The Group also reaffirmed its earnings target of more than € 2.1 billion for 2025 and aims to exceed €2.5 billion by 2027.
