Annual Report 2022

Unit

2022

2021

2020

2019

2018

Gross written premiums

EUR million

53,431

45,507

41,109

39,494

34,885

by region

Germany

%

17

20

21

22

25

United Kingdom

%

9

9

9

8

8

Central and EasteEurope (CEE), including Turkey

%

7

7

7

8

8

Rest of Europe

%

15

16

16

16

16

USA

%

24

21

20

20

18

Rest of North America

%

4

4

3

3

2

Latin America

%

7

6

7

8

8

Asia and Australia

%

16

15

16

14

13

Africa

%

1

2

1

2

2

Gross written premiums by type and class of insurance 1

Property/casualty primary insurance

EUR million

16,097

13,405

11,873

11,837

10,006

Life primary insurance

EUR million

5,811

6,353

6,039

6,573

6,206

Property/casualty reinsurance

EUR million

22,717

17,420

15,071

13,411

11,622

Life/health reinsurance

EUR million

8,889

8,396

7,892

7,673

7,051

Net premiums earned

EUR million

44,722

37,863

34,190

33,054

29,574

Underwriting result

EUR million

-792

-2,195

-2,821

-1,833

-1,647

Net investment income

EUR million

3,700

4,718

4,240

4,323

3,767

Net retuon investment 2

%

2.6

3.4

3.2

3.5

3.3

Operating profit/loss (EBIT)

EUR million

3,372

2,454

1,645

2,430

2,032

Net income (after financing costs and taxes)

EUR million

2,461

1,730

1,170

1,671

1,359

of which attributable to shareholders of Talanx AG

EUR million

1,172

1,011

648

923

703

Retuon equity 3

%

12.9

9.6

6.3

9.8

8.0

Earnings per share

Basic earnings per share

EUR

4.63

4.00

2.56

3.65

2.78

Diluted earnings per share

EUR

4.63

4.00

2.56

3.65

2.78

Combined ratio in property/casualty primary insurance and property/

casualty reinsurance 4

%

98.9

97.7

101.0

98.3

98.2

Combined ratio of property/casualty primary insurers

%

96.9

97.1

98.9

98.3

100.6

Combined ratio of property/casualty reinsurance

%

99.9

97.7

101.6

98.2

96.6

Policyholders' surplus

EUR million

17,601

22,704

20,572

20,089

16,999

Equity attributable to shareholders of Talanx AG

EUR million

7,465

10,776

10,367

10,149

8,713

Non-controlling interests

EUR million

5,127

7,169

6,732

6,461

5,548

Hybrid capital

EUR million

5,009

4,759

3,473

3,479

2,738

Assets under own management

EUR million

128,599

136,073

128,301

122,638

111,868

Total investments

EUR million

140,569

147,835

138,705

134,104

122,831

Total assets

EUR million

193,133

197,524

181,035

177,594

162,188

Carrying amount per share at end of period

EUR

29.46

42.58

41.01

40.15

34.47

Share price at end of period

EUR

44.32

42.54

31.76

44.18

29.80

Current dividend proposal and prior years' dividends (per share)

EUR

2.00

1.60

1.50

1.50

1.45

Market capitalisation of Talanx AG at end of period

EUR million

11,229

10,767

8,029

11,169

7,533

as at the

reporting

Employees

date

23,669

23,954

23,527

23,324

22,642