Talanx Achieves Strong Quarterly Earnings in 2024

Talanx Group reported a robust start to 2024, posting a preliminary consolidated net income of EUR 572 million for the first quarter, surpassing analyst expectations of EUR 466 million. This marked increase from the previous year reflects a strong performance in the company’s primary insurance activities. Despite the significant rise in earnings, Talanx has retained its full-year forecast but expressed increased confidence in surpassing the targeted group result of more than EUR 1.7 billion. The forecast remains contingent on managing large losses within budget limits and avoiding substantial disruptions in capital markets or major currency fluctuations. Final first-quarter results will be disclosed on May 15, 2024.