European insurer and parent of large reinsurer Hannover Re, Talanx Group, has reported preliminary consolidated net income of €604 million for the first quarter of 2025.
To compare, last year, in the first quarter, the group reported consolidated net income of €576 million.
Despite an above-average large loss burden, the group’s current financial year has started with good upward movement, exceeding analysts’ consensus of consolidated net income of €467 million for the quarter.
The strong performance of the firm’s primary insurance activities has contributed to this growth, explained Talanx.
Talanx has also confirmed its full-year forecast for the current financial year 2025, expecting to generate consolidated net income of over €2.1 billion.
In 2024, the group recorded net income of €1.977 billion, a 25% increase, while its combined ratio also improved to 90.3%.
The group explained that the 2025 guidance assumes that “large losses will not exceed the large loss budget,” and that there is no turbulence on the capital markets and no significant currency fluctuations.
Talanx will report the final results for the first quarter of 2025 as planned on May 15th, 2025.
