Talanx's net income rises by 5% in Q1 2025 to €604m, despite forest fire loss

From Yahoo Finance: 2025-05-19 10:32:00

Talanx reported a 5% increase in net income for Q1 2025, reaching €604m compared to €576m in the previous year. Diluted earnings per share also rose by 5% to €2.34. The primary insurance sector contributed 60% of the group’s net income, with reinsurance accounting for the remaining 40%.

Operating profit (EBIT) for Talanx grew by 4% to €1.3bn in Q1 2025. Insurance revenue increased by 5% to €12.4bn, with notable growth in the corporate & specialty division and retail international division, especially in Poland, Chile, and Colombia.

Talanx’s net income now includes previously unconsolidated minority interests and the end of a partnership with Meiji Yasuda Life Insurance. The reinsurance division saw a 5% increase in insurance revenue to €7bn, with the property and casualty segment experiencing a 7% rise.

Despite forest fires in California resulting in a loss of €640m, Talanx confirmed its 2025 earnings target of over €2.1bn and a proposed dividend increase to €4.00 per share for 2027. CEO Torsten Leue expressed confidence in achieving these targets due to a strong start in 2025.

In February, Talanx’s retail international division agreed to divest its Ecuadorian entity, HDI Seguros, to Grupo Financiero Atlántida. The company remains optimistic about its diversified business model and the outlook for the rest of the year.



Read more at Yahoo Finance: Talanx posts 5% rise in Q1 2025 net income