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Financial Data Supplement zum 30. September 2022 (in englischer Sprache)

Index

Talanx Group Talanx Group
Financial data supplement as of 30 September 2022
Reporting by business segments and quarters
(starting from FY 2019)
Group Key Figures
Earnings Overview
Group P&L
Primary Insurance P&L
Industrial Lines P&L
Retail Germany P&L
Retail Germany P/C P&L
Retail Germany Life P/L
Retail International P&L
Retail Int. P&C & Life split
Retail International Central & EasteEurope P&L
Retail International Latin America P&L
Reinsurance P&L
P/C Reinsurance P&L
L/H Reinsurance P&L
Corporate Operations P&L
Consolidation P&L
Combined Ratios
Investments
Balance Sheet
Equity
Solvency
Exchange rates
Note: In cases where figures differ from the figures originally published in financial reports, this is caused by adjustments as a consequence of changes to accounting regulations or their application,that are considered in the spreadsheets retroactively.
Note: The quarterly figures regarding the net assets, financial position and results of operations have been prepared in conformity with International Financial Reporting Standards. The presented financial information does not represent financial statements within the meaning of International Accounting Standard (IAS) 1.

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Group Key Figures

Group Key Figures
Q1 2022 vs. Q2 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Talanx Group FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 20211 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
Gross written premiums 39,494 41,109 13,649 10,426 11,075 10,357 45,507 15,905 12,427 13,329 0 16.5% 19.2% 20.4% -100.0% 13,649 15,905 16.5% 24,075 28,332 17.7% 35,150 41,661 18.5% 45,507 0 -100.0%
By region
Germany 22% 21% 26% 12% 15% 24% 20% 25% 13% 12% 24% -1% 1% -3% 0% pts. 26% 25% -0.9% pts. 20% 20% -0.2% pts. 18% 17% -1.1% pts. 0% 20% 19.8% pts.
United Kingdom 8% 9% 7% 10% 4% 16% 9% 8% 9% 10% 16% 0% -1% 6% 0% pts. 7% 8% 0.3% pts. 9% 8% -0.2% pts. 7% 9% 1.7% pts. 0% 9% 9.0% pts.
Central and EasteEurope (CEE), including Turkey 8% 7% 6% 8% 8% 8% 7% 6% 8% 8% 8% -0% -0% -0% 0% pts. 6% 6% -0.2% pts. 7% 7% -0.3% pts. 7% 7% -0.3% pts. 0% 7% 7.4% pts.
Rest of Europe 16% 16% 18% 16% 18% 12% 16% 15% 15% 15% 12% -3% -2% -3% 0% pts. 18% 15% -3.0% pts. 17% 15% -2.4% pts. 17% 15% -2.4% pts. 0% 16% 16.2% pts.
USA 20% 20% 20% 21% 24% 17% 21% 25% 24% 25% 17% 4% 3% 1% 0% pts. 20% 25% 4.4% pts. 21% 25% 4.0% pts. 22% 25% 3.1% pts. 0% 21% 20.7% pts.
Rest of North America 3% 3% 3% 4% 4% 3% 4% 3% 5% 5% 3% -0% 0% 0% 0% pts. 3% 3% -0.0% pts. 4% 4% 0.2% pts. 4% 4% 0.2% pts. 0% 4% 3.7% pts.
Latin America 8% 7% 5% 8% 8% 5% 6% 6% 7% 7% 5% 1% -0% -0% 0% pts. 5% 6% 0.6% pts. 6% 6% 0.2% pts. 7% 7% 0.1% pts. 0% 6% 6.3% pts.
Asia and Australia 14% 16% 13% 18% 18% 13% 15% 12% 17% 17% 13% -1% -1% -1% 0% pts. 13% 12% -1.2% pts. 15% 14% -1.1% pts. 16% 15% -1.0% pts. 0% 15% 15.4% pts.
Africa 2% 1% 1% 2% 2% 1% 2% 1% 1% 1% 1% 0% -0% -1% 0% pts. 1% 1% 0.0% pts. 1% 1% -0.1% pts. 2% 1% -0.2% pts. 0% 2% 1.5% pts.
By type and class of insurance
Property / casualty primary insurance 11,837 11,873 4,440 2,756 2,995 3,214 13,405 5,101 3,418 3,653 0 14.9% 24.0% 22.0% -100.0% 4,440 5,101 14.9% 7,196 8,519 18.4% 10,191 12,172 19.4% 13,405 0 -100.0%
Life primary insurance 6,573 6,039 1,594 1,621 1,503 1,636 6,353 1,529 1,572 1,274 0 -4.1% -3.0% -15.2% -100.0% 1,594 1,529 -4.1% 3,215 3,101 -3.5% 4,717 4,375 -7.3% 6,353 0 -100.0%
Property / casualty reinsurance 13,411 15,071 5,082 4,193 4,648 3,496 17,420 6,585 5,469 6,263 0 29.6% 30.4% 34.7% -100.0% 5,082 6,585 29.6% 9,275 12,054 30.0% 13,924 18,317 31.6% 17,420 0 -100.0%
Life / health reinsurance 7,673 7,892 2,081 2,046 2,116 2,152 8,396 2,148 2,204 2,308 0 3.2% 7.7% 9.1% -100.0% 2,081 2,148 3.2% 4,128 4,352 5.4% 6,244 6,659 6.7% 8,396 0 -100.0%
Q1 2022 vs. Q2 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs 2021A
FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A 2021A vs 2020 A
Net premiums earned 33,054 34,190 9,015 9,256 9,495 10,096 37,863 10,332 10,866 11,460 0 14.6% 17.4% 20.7% -100.0% 9,015 10,332 14.6% 18,272 21,198 16.0% 27,767 32,658 17.6% 37,863 0 -100.0%
Net technical result -1,833 -2,821 -600 -382 -622 -590 -2,195 -423 -75 -117 0 -29.5% -80.5% -81.2% -100.0% -600 -423 -29.5% -982 -498 -49.3% -1,605 -615 -61.7% -2,195 0 -100.0%
Net investment income 4,323 4,240 1,253 1,096 1,128 1,241 4,718 1,050 837 711 0 -16.2% -23.7% -36.9% -100.0% 1,253 1,050 -16.2% 2,350 1,887 -19.7% 3,477 2,598 -25.3% 4,718 0 -100.0%
Net retuon investment 3.5% 3.2% 3.5% 3.2% 3.3% 3.5% 3.4% 3.0% 2.3% 2.1% 3.5% -0.5% -0.9% -1.1% 0.0% pts. 3.5% 3.0% -0.5% pts. 3.3% 2.7% -0.7% pts. 3.3% 2.5% -0.9% pts. 3.4% 3.4% 0.0% pts.
Operating profit/loss (EBIT) 2,430 1,645 625 707 506 615 2,454 630 728 608 0 0.7% 3.0% 20.1% -100.0% 625 630 0.7% 1,333 1,358 1.9% 1,839 1,966 6.9% 2,454 0 -100.0%
Net income (after financing costs and taxes) 1,671 1,170 455 481 288 506 1,730 422 535 398 0 -7.1% 11.2% 38.3% -100.0% 455 422 -7.1% 936 957 2.3% 1,223 1,355 10.8% 1,730 0 -100.0%
attributable to non-controlling interests 748 522 177 212 111 218 718 166 231 173 0 -6.3% 8.9% 56.0% -100.0% 177 166 -6.3% 389 397 2.0% 500 570 14.0% 718 0 -100.0%
attributable to shareholders of Talanx AG 923 648 277 269 177 288 1,011 256 304 225 0 -7.6% 13.0% 27.1% -100.0% 277 256 -7.6% 546 560 2.6% 723 785 8.6% 1,011 0 -100.0%
Retuon equity 9.8% 6.3% 10.7% 10.3% 6.7% 10.8% 9.6% 10.0% 13.5% 11.5% 10.8% -0.7% 3.1% 4.8% 0.0% pts. 10.7% 10.0% -0.7% pts. 10.5% 11.8% 1.3% pts. 9.2% 11.5% 2.3% pts. 9.6% 9.6% 0.0% pts.
Earnings per share
Basic earnings per share 3.65 2.56 1.10 1.06 0.70 1.14 4.00 1.01 1.20 0.89 0.00 -7.7% 12.9% 27.0% -100.0% 1.10 1.01 -7.6% 2.16 2.21 2.4% 2.86 3.10 8.4% 4.00 0.00 -100.0%
Diluted earnings per share 3.65 2.56 1.10 1.06 0.70 1.14 4.00 1.01 1.20 0.89 0.00 -7.7% 12.9% 27.0% -100.0% 1.10 1.01 -7.6% 2.16 2.21 2.4% 2.86 3.10 8.4% 4.00 0.00 -100.0%
Combined ratio
Property / casualty primary insurance 98.3% 98.9% 94.1% 95.7% 99.5% 98.9% 97.1% 95.9% 98.0% 97.8% 0.0% 1.8% 2.3% -1.7% -98.9% pts. 94.1% 95.9% 1.8% pts. 94.9% 97.0% 2.1% pts. 96.5% 97.3% 0.8% pts. 97.1% 0.0% -97.1% pts.
Property / casualty reinsurance 98.2% 101.6% 96.2% 95.8% 101.5% 97.2% 97.7% 99.5% 98.7% 99.7% 0.0% 3.3% 2.8% -1.8% -97.2% pts. 96.2% 99.5% 3.3% pts. 96.0% 99.1% 3.0% pts. 97.9% 99.3% 1.4% pts. 97.7% 0.0% -97.7% pts.
EBIT margin
Primary insurance 5.1% 4.1% 8.4% 4.5% 5.6% 4.7% 5.8% 5.9% 5.1% 5.2% 0.0% -2.5% 0.5% -0.4% -4.7% pts. 8.4% 5.9% -2.5% pts. 6.4% 5.5% -1.0% pts. 6.2% 5.4% -0.8% pts. 5.8% 0.0% -5.8% pts.
Property / casualty reinsurance 9.8% 6.0% 8.2% 11.8% 6.8% 9.8% 9.1% 6.1% 6.1% 5.4% 0.0% -2.1% -5.7% -1.4% -9.8% pts. 8.2% 6.1% -2.1% pts. 10.1% 6.1% -3.9% pts. 8.9% 5.8% -3.1% pts. 9.1% 0.0% -9.1% pts.
Life / health reinsurance 8.1% 5.4% 4.9% 4.6% 2.1% 0.1% 2.9% 5.8% 10.8% 5.1% 0.0% 0.8% 6.2% 3.0% -0.1% pts. 4.9% 5.8% 0.8% pts. 4.8% 8.4% 3.6% pts. 3.9% 7.2% 3.4% pts. 2.9% 0.0% -2.9% pts.
31.03.2022 vs. 31.12.2021 30.06.2022 vs. 31.12.2021 30.09.2022 vs. 31.12.2021 31.12.2022 vs. 31.12.2021
FY 2019 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22
Policyholders' surplus 20,089 20,572 21,342 21,411 21,826 22,704 21,049 18,104 16,896 0 -7.3% -20.3% -25.6% -100.0%
Equity attributable to shareholders of Talanx AG 10,149 10,367 10,399 10,417 10,626 10,776 9,797 8,240 7,371 0 -9.1% -23.5% -31.6% -100.0%
Non-controlling interests 6,461 6,732 6,726 6,741 6,937 7,169 6,491 5,603 5,262 0 -9.5% -21.9% -26.6% -100.0%
Hybrid capital 3,479 3,473 4,218 4,254 4,264 4,759 4,761 4,261 4,263 0 0.1% -10.5% -10.4% -100.0%
Assets under own management 122,638 128,301 131,000 132,650 134,473 136,073 133,498 129,170 129,118 0 -1.9% -5.1% -5.1% -100.0%
Total investments 134,104 138,705 142,013 143,717 146,173 147,835 145,760 142,297 142,373 0 -1.4% -3.7% -3.7% -100.0%
Total assets 177,594 181,035 189,472 191,799 196,147 197,524 200,434 195,954 196,975 0 1.5% -0.8% -0.3% -100.0%
Carrying amount per share at end of period 40.15 41.01 41.13 41.21 42.03 42.58 38.71 32.56 29.12 0.00 -9.1% n/a n/a -100.0%
Share price at end of period 44.18 31.76 36.16 34.48 36.88 42.54 40.02 36.32 36.40 42.54 -5.9% n/a n/a 6.3%
Market capitalisation of Talanx AG at end of period 11,169 8,029 9,141 8,716 9,323 10,767 10,129 9,193 9,213 10,767 -5.9% n/a n/a 6.3%
Employees (as at the reporting date) 23,324 23,527 23,404 23,762 23,865 23,954 23,875 24,049 24,059 23,954 -0.3% n/a n/a 0.3%

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Earnings Overview

Earnings Overview
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Talanx Group FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 9M 2021 vs. 9M 2020 FY 2021 FY 2022
Gross written premiums 39,494 41,109 13,649 10,426 11,075 10,357 45,507 15,905 12,427 13,329 0 16.5% 19.2% 20.4% -100.0% 13,649 15,905 16.5% 24,075 28,332 17.7% 35,150 41,661 18.5% 45,507 0 -100.0%
Net premiums earned 33,054 34,190 9,015 9,256 9,495 10,096 37,863 10,332 10,866 11,460 0 14.6% 17.4% 20.7% -100.0% 9,015 10,332 14.6% 18,272 21,198 16.0% 27,767 32,658 17.6% 37,863 0 -100.0%
Net investment income 4,323 4,240 1,253 1,096 1,128 1,241 4,718 1,050 837 711 0 -16.2% -23.7% -36.9% -100.0% 1,253 1,050 -16.2% 2,350 1,887 -19.7% 3,477 2,598 -25.3% 4,718 0 -100.0%
Operating profit/loss (EBIT) 2,430 1,645 625 707 506 615 2,454 630 728 608 0 0.7% 3.0% 20.1% -100.0% 625 630 0.7% 1,333 1,358 1.9% 1,839 1,966 6.9% 2,454 0 -100.0%
Group net income (excl. non-controlling interests) 923 648 277 269 177 288 1,011 256 304 225 0 -7.6% 13.0% 27.1% -100.0% 277 256 -7.6% 546 560 2.6% 723 785 8.6% 1,011 0 -100.0%
Earnings per share (EUR) 3.65 2.56 1.10 1.06 0.70 1.14 4.00 1.01 1.20 0.89 0.00 -7.7% 12.9% 27.0% -100.0% 1.10 1.01 -7.6% 2.16 2.21 2.4% 2.86 3.10 8.4% 4.00 0.00 -100.0%
Dividend per share (EUR) 1.50 1.50 - - - - 1.50 - - - - - - - - - - - - - - - -
Equity (excl. non-controlling interests) 10,149 10,367 10,399 10,417 10,626 10,776 10,776
Grieß, Markus: Grieß, Markus: Achtung Bilanzwert: ggf. anpassen.		 9,797 8,240 7,371 0 -5.8% -20.9% -30.6% -100.0% 10,399 9,797 -5.8% 10,417 8,240 -20.9% 10,626 7,371 -30.6% 10,776 0 -100.0%
Retuon equity (annualised) 9.8% 6.6% 10.7% 10.3% 6.7% 10.8% 9.6% 10.0% 13.5% 11.5% XX -0.7% 3.1% 4.8% ERROR:#VALUE! pts. 10.7% 10.0% -0.7% pts. 10.5% 11.8% 1.3% pts. 9.2% 11.5% 2.3% pts. 9.6% 9.6% 0.0% pts.
Net retuon investment (annualised) 3.5% 3.2% 3.5% 3.2% 3.3% 3.5% 3.4% 3.0% 2.3% 2.1% XX -0.5% -0.9% -1.1% ERROR:#VALUE! pts. 3.5% 3.0% -0.5% pts. 3.3% 2.7% -0.7% pts. 3.3% 2.5% -0.9% pts. 3.4% 3.4% 0.0% pts.
Solvency 2 ratio (period end, excluding transitional) 211% 206% 215% 210% 204% 208% 208% 214% 211% 211% 7.0% pts. 210% 204% 211% 7.0% pts. 206%
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021
Industrial Lines FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Gross written premiums 6,214 6,658 2,712 1,474 1,641 1,734 7,560 3,016 1,880 1,967 0 11.2% 27.6% 19.9% -100.0% 2,712 3,016 11.2% 4,185 4,897 17.0% 5,826 6,863 17.8% 7,560 0 -100.0%
Net premiums earned 2,968 3,008 795 858 841 933 3,428 967 1,039 1,142 0 21.5% 21.0% 35.8% -100.0% 795 967 21.5% 1,654 2,006 21.3% 2,495 3,148 26.2% 3,428 0 -100.0%
Operating profit/loss (EBIT) 159 48 51 46 54 46 196 46 55 57 0 -8.2% 19.1% 6.1% -100.0% 51 46 -8.2% 97 102 4.8% 151 159 5.3% 196 0 -100.0%
Net income (ex minorities) 103 47 39 29 32 42 143 31 40 42 0 -21.3% 37.5% 29.0% -100.0% 39 31 -21.3% 68 71 3.9% 101 113 12.0% 143 0 -100.0%
Combined ratio 101.4% 104.6% 98.7% 98.1% 99.1% 98.9% 98.7% 97.1% 95.9% 97.0% 0.0% -1.6% -2.1% -2.0% -98.9% pts. 98.7% 97.1% -1.6% pts. 98.4% 96.5% -1.9% pts. 98.6% 96.7% -1.9% pts. 98.7% 0.0% -98.7% pts.
Net retuon investment (annualised) 3.3% 2.6% 3.1% 2.4% 2.9% 2.9% 2.9% 2.0% 2.2% 1.9% 2.9% -1.1% -0.2% -1.0% 0.0% pts. 3.1% 2.0% -1.1% pts. 2.7% 2.1% -0.6% pts. 2.8% 2.0% -0.8% pts. 2.9% 2.9% 0.0% pts.
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021
Retail Germany FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Gross written premiums 6,201 5,853 1,833 1,401 1,400 1,537 6,170 1,984 1,372 1,287 0 8.3% -2.0% -8.1% -100.0% 1,833 1,984 8.3% 3,233 3,356 3.8% 4,633 4,643 0.2% 6,170 0 -100.0%
Net premiums earned 4,979 4,685 1,153 1,199 1,144 1,328 4,823 1,200 1,207 1,012 0 4.2% 0.6% -11.5% -100.0% 1,153 1,200 4.2% 2,352 2,407 2.4% 3,495 3,420 -2.2% 4,823 0 -100.0%
Operating profit/loss (EBIT) 230 203 137 21 76 53 286 76 56 46 0 -44.7% 169.4% -40.0% -100.0% 137 76 -44.7% 157 132 -16.4% 234 177 -24.1% 286 0 -100.0%
Net income (ex minorities) 133 119 84 13 34 30 161 42 32 23 0 -49.7% 153.3% -32.4% -100.0% 84 42 -49.7% 97 75 -23.0% 131 97 -25.4% 161 0 -100.0%
Net retuon investment (annualised) 3.6% 3.6% 4.5% 3.8% 3.4% 3.4% 3.7% 2.9% 1.4% 1.3% 3.4% -1.5% -2.4% -2.2% 0.0% pts. 4.5% 2.9% -1.5% pts. 4.1% 2.2% -1.9% pts. 3.9% 1.9% -2.0% pts. 3.7% 3.7% 0.0% pts.
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021
Retail Germany - Property / Casualty FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Gross written premiums 1,588 1,502 781 251 276 266 1,574 873 268 301 0 11.8% 6.9% 9.0% -100.0% 781 873 11.8% 1,031 1,141 10.6% 1,308 1,442 10.3% 1,574 0 -100.0%
Net premiums earned 1,486 1,334 346 321 308 355 1,329 378 397 384 0 9.4% 23.8% 25.0% -100.0% 346 378 9.4% 666 775 16.3% 974 1,160 19.1% 1,329 0 -100.0%
Operating profit/loss (EBIT) 98 134 81 21 -3 5 104 31 2 3 0 -61.7% -89.5% -203.3% -100.0% 81 31 -61.7% 102 33 -67.4% 99 36 -63.3% 104 0 -100.0%
Net combined ratio 99.0% 95.4% 84.2% 99.7% 108.0% 105.7% 99.2% 97.8% 101.0% 100.8% 0.0% 13.6% 1.3% -7.3% -105.7% pts. 84.2% 97.8% 13.6% pts. 91.7% 99.5% 7.8% pts. 96.8% 99.9% 3.1% pts. 99.2% 0.0% -99.2% pts.
Net retuon investment (annualised) 3.0% 2.2% 2.7% 2.2% 2.4% 4.7% 3.1% 2.3% 1.2% 1.0% 4.7% -0.4% -1.0% -1.4% 0.0% pts. 2.7% 2.3% -0.4% pts. 2.5% 1.8% -0.7% pts. 2.5% 1.5% -0.9% pts. 3.1% 3.1% 0.0% pts.
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021
Retail Germany - Life FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Gross written premiums 4,612 4,351 1,052 1,150 1,124 1,271 4,596 1,111 1,104 986 0 5.6% -4.0% -12.3% -100.0% 1,052 1,111 5.6% 2,202 2,215 0.6% 3,326 3,201 -3.8% 4,596 0 -100.0%
Net premiums earned 3,493 3,352 807 879 836 973 3,494 822 810 628 0 1.9% -7.8% -24.9% -100.0% 807 822 1.9% 1,685 1,632 -3.2% 2,521 2,260 -10.4% 3,494 0 -100.0%
Operating profit/loss (EBIT) 131 70 56 -0 79 47 183 45 54 43 0 -20.3% -31869.6% -46.1% -100.0% 56 45 -20.3% 56 98 76.2% 135 141 4.4% 183 0 -100.0%
Net retuon investment (annualised) 3.7% 3.7% 4.6% 3.9% 3.5% 3.3% 3.8% 3.0% 1.4% 1.3% 3.3% -1.6% -2.5% -2.3% 0.0% 4.6% 3.0% -1.6% pts. 4.2% 2.2% -2.0% pts. 4.0% 1.9% -2.1% pts. 3.8% 3.8% 0.0% pts.
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021
Retail International FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Gross written premiums 6,111 5,527 1,519 1,532 1,489 1,586 6,127 1,665 1,771 1,708 0 9.6% 15.6% 14.7% -100.0% 1,519 1,665 9.6% 3,052 3,436 12.6% 4,541 5,144 13.3% 6,127 0 -100.0%
Net premiums earned 5,343 4,950 1,309 1,321 1,293 1,261 5,183 1,370 1,498 1,409 0 4.7% 13.4% 9.0% -100.0% 1,309 1,370 4.7% 2,630 2,868 9.1% 3,923 4,277 9.0% 5,183 0 -100.0%
Operating profit/loss (EBIT) 283 266 87 86 54 67 294 86 78 82 0 -1.2% -8.8% 52.2% -100.0% 87 86 -1.2% 173 164 -5.0% 227 247 8.7% 294 0 -100.0%
Net income (ex minorities) 164 160 54 50 31 54 189 46 50 45 0 -15.1% -1.4% 44.4% -100.0% 54 46 -15.1% 104 95 -8.5% 135 140 3.7% 189 0 -100.0%
Net combined ratio (property/casualty) 95.5% 95.2% 93.9% 91.8% 97.0% 96.2% 94.8% 94.0% 98.9% 97.6% 0.0% 0.2% 7.1% 0.6% -96.2% pts. 93.9% 94.0% 0.2% pts. 92.8% 96.6% 3.8% pts. 94.3% 96.9% 2.7% pts. 94.8% 0.0% -94.8% pts.
Net retuon investment (annualised) 3.3% 2.6% 2.9% 2.8% 2.4% 2.8% 2.8% 3.1% 2.9% 3.5% 2.8% 0.1% 0.1% 1.1% 0.0% pts. 2.9% 3.1% 0.1% pts. 2.8% 3.0% 0.2% pts. 2.7% 3.2% 0.4% pts. 2.8% 2.8% 0.0% pts.
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021
Primary Insurance (excl. Corp. Ops. and Cons.) FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Gross written premiums 18,525 18,038 6,064 4,407 4,530 4,857 19,858 6,665 5,023 4,962 0 9.9% 14.0% 9.5% -100.0% 6,064 6,665 9.9% 10,471 11,689 11.6% 15,001 16,650 11.0% 19,858 0 -100.0%
Net premiums earned 13,290 12,643 3,257 3,378 3,277 3,522 13,435 3,538 3,744 3,564 0 8.6% 10.8% 8.7% -100.0% 3,257 3,538 8.6% 6,636 7,281 9.7% 9,913 10,845 9.4% 13,435 0 -100.0%
Operating profit/loss (EBIT) 673 518 274 153 185 165 777 208 189 186 0 -24.2% 23.9% 0.6% -100.0% 274 208 -24.2% 427 397 -7.0% 612 583 -4.7% 777 0 -100.0%
Net income (excl. non-controlling interests) 400 326 177 92 97 126 493 119 122 110 0 -32.9% 32.3% 12.7% -100.0% 177 119 -32.9% 269 241 -10.5% 366 350 -4.4% 493 0 -100.0%
Net combined ratio (property/casualty) 98.3% 98.9% 94.1% 95.7% 99.5% 98.9% 97.1% 95.9% 98.0% 97.8% 0.0% 1.8% 2.3% -1.7% -98.9% pts. 94.1% 95.9% 1.8% pts. 94.9% 97.0% 2.1% pts. 96.5% 97.3% 0.8% pts. 97.1% 0.0% -97.1% pts.
Net retuon investment (annualised) 3.5% 3.3% 4.0% 3.4% 3.2% 3.2% 3.5% 2.8% 1.8% 1.7% 3.2% -1.2% -1.7% -1.5% 0.0% pts. 4.0% 2.8% -1.2% pts. 3.7% 2.3% -1.4% pts. 3.5% 2.1% -1.4% pts. 3.5% 3.5% 0.0% pts.
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021
Reinsurance FY 2019 FY 20201 Q1 2021 Q2 2021 Q3 2021 Q4 20211 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Gross written premiums 22,598 24,770 7,809 6,655 7,155 6,143 27,762 9,333 8,009 8,909 0 19.5% 20.3% 24.5% -100.0% 7,809 9,333 19.5% 14,465 17,342 19.9% 21,620 26,251 21.4% 27,762 0 -100.0%
Net premiums earned 19,730 21,361 5,693 5,822 6,118 6,510 24,143 6,710 7,057 7,819 0 17.9% 21.2% 27.8% -100.0% 5,693 6,710 17.9% 11,515 13,767 19.6% 17,634 21,585 22.4% 24,143 0 -100.0%
Operating profit/loss (EBIT) 1,818 1,230 408 556 326 446 1,736 402 528 414 0 -1.5% -5.0% 27.2% -100.0% 408 402 -1.5% 964 930 -3.5% 1,290 1,345 4.2% 1,736 0 -100.0%
Net income (excl. non-controlling interests) 619 442 153 183 91 182 609 133 193 111 0 -13.5% 6.0% 22.1% -100.0% 153 133 -13.5% 336 326 -2.9% 427 438 2.4% 609 0 -100.0%
Net retuon investment (annualised) 3.5% 3.1% 2.5% 3.0% 3.4% 3.8% 3.2% 3.1% 3.1% 2.7% 3.8% 0.6% 0.1% -0.7% 0.0% pts. 2.5% 3.1% 0.6% pts. 2.8% 3.1% 0.3% pts. 3.0% 2.9% -0.1% pts. 3.2% 3.2% 0.0% pts.
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021
Property / Casualty Reinsurance FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Gross written premiums 14,781 16,744 5,693 4,574 5,003 3,955 19,224 7,149 5,773 6,562 0 25.6% 26.2% 31.2% -100.0% 5,693 7,149 25.6% 10,267 12,922 25.9% 15,269 19,484 27.6% 19,224 0 -100.0%
Net premiums earned 12,798 14,205 3,863 3,984 4,229 4,548 16,624 4,782 5,037 5,742 0 23.8% 26.4% 35.8% -100.0% 3,863 4,782 23.8% 7,847 9,819 25.1% 12,076 15,562 28.9% 16,624 0 -100.0%
Operating profit/loss (EBIT) 1,256 845 318 471 287 445 1,521 291 309 308 0 -8.5% -34.3% 7.6% -100.0% 318 291 -8.5% 789 601 -23.9% 1,076 909 -15.5% 1,521 0 -100.0%
Combined ratio 98.2% 101.6% 96.2% 95.8% 101.5% 97.2% 97.7% 99.5% 98.7% 99.7% 0.0% 3.3% 2.8% -1.8% -97.2% 96.2% 99.5% 3.3% pts. 96.0% 99.1% 3.0% pts. 97.9% 99.3% 1.4% pts. 97.7% 0.0% -97.7% pts.
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021
Life / Health Reinsurance FY 2019 FY 20201 Q1 2021 Q2 2021 Q3 2021 Q4 20211 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Gross written premiums 7,816 8,026 2,116 2,082 2,152 2,188 8,538 2,185 2,236 2,347 0 3.2% 7.4% 9.0% -100.0% 2,116 2,185 3.2% 4,198 4,420 5.3% 6,350 6,767 6.6% 8,538 0 -100.0%
Net premiums earned 6,932 7,155 1,830 1,839 1,889 1,962 7,519 1,928 2,020 2,076 0 5.4% 9.8% 9.9% -100.0% 1,830 1,928 5.4% 3,669 3,947 7.6% 5,558 6,024 8.4% 7,519 0 -100.0%
Operating profit/loss (EBIT) 562 385 90 85 39 1 216 111 219 106 0 23.4% 156.8% 170.5% -100.0% 90 111 23.4% 175 330 88.2% 214 436 103.3% 216 0 -100.0%

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Group P&L

Consolidated statement of income
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs 9M 2021 FY 2022 vs. FY 2021
Talanx Group FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 39,494 41,109 13,649 10,426 11,075 10,357 45,507 15,905 12,427 13,329 0 16.5% 19.2% 20.4% -100.0% 13,649 15,905 16.5% 24,075 28,332 17.7% 35,150 41,661 18.5% 45,507 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 943 890 242 267 234 264 1,008 230 241 229 0 -4.9% -9.9% -2.4% -100.0% 242 230 -4.9% 509 471 -7.6% 743 699 -5.9% 1,008 0 -100.0%
3. Ceded written premiums 4,473 4,819 1,826 1,111 1,329 1,180 5,446 1,970 1,363 1,658 0 7.9% 22.7% 24.7% -100.0% 1,826 1,970 7.9% 2,937 3,333 13.5% 4,266 4,991 17.0% 5,446 0 -100.0%
4. Change in gross unearned premiums -1,065 -1,446 -3,271 407 219 1,549 -1,096 -4,089 127 26 0 25.0% -68.7% -88.1% -100.0% -3,271 -4,089 25.0% -2,864 -3,961 38.3% -2,645 -3,935 48.8% -1,096 0 -100.0%
5. Change in ceded unearned premiums -42 -235 -705 198 235 366 94 -715 84 9 0 1.5% -57.5% -96.3% -100.0% -705 -715 1.5% -507 -631 24.6% -272 -622 129.2% 94 0 -100.0%
Net premiums earned 33,054 34,190 9,015 9,256 9,495 10,096 37,863 10,332 10,866 11,460 0 14.6% 17.4% 20.7% -100.0% 9,015 10,332 14.6% 18,272 21,198 16.0% 27,767 32,658 17.6% 37,863 0 -100.0%
6. Claims and claims expenses (gross) 29,210 30,711 8,123 8,087 9,526 9,313 35,050 9,076 8,814 9,373 0 11.7% 9.0% -1.6% -100.0% 8,123 9,076 11.7% 16,210 17,890 10.4% 25,737 27,263 5.9% 35,050 0 -100.0%
Reinsurers' share 2,845 2,767 723 713 1,581 1,322 4,338 961 609 732 0 33.0% -14.5% -53.7% -100.0% 723 961 33.0% 1,436 1,570 9.4% 3,017 2,302 -23.7% 4,338 0 -100.0%
Claims and claims expenses (net) 26,366 27,944 7,400 7,375 7,945 7,991 30,711 8,115 8,205 8,642 0 9.7% 11.3% 8.8% -100.0% 7,400 8,115 9.7% 14,775 16,320 10.5% 22,720 24,961 9.9% 30,711 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 9,141 9,697 2,365 2,405 2,326 2,880 9,977 2,794 2,922 3,131 0 18.1% 21.5% 34.6% -100.0% 2,365 2,794 18.1% 4,770 5,716 19.8% 7,096 8,847 24.7% 9,977 0 -100.0%
Reinsurers' share 698 711 189 183 160 215 747 196 205 230 0 3.6% 12.0% 43.6% -100.0% 189 196 3.6% 372 401 7.7% 532 631 18.5% 747 0 -100.0%
Acquisition costs and administrative expenses (net) 8,442 8,986 2,176 2,222 2,165 2,666 9,230 2,598 2,717 2,900 0 19.4% 22.3% 33.9% -100.0% 2,176 2,598 19.4% 4,398 5,316 20.9% 6,564 8,216 25.2% 9,230 0 -100.0%
8. Other technical income 60 66 15 10 13 14 52 17 18 19 0 6.7% 79.1% 41.4% -100.0% 15 17 6.7% 26 35 35.4% 39 53 37.4% 52 0 -100.0%
Other technical expenses 139 145 54 52 20 43 170 58 38 54 0 8.2% -28.4% 163.3% -100.0% 54 58 8.2% 106 96 -9.8% 127 149 18.0% 170 0 -100.0%
Other technical result -79 -80 -38 -42 -7 -29 -117 -42 -19 -35 0 8.9% -54.3% 384.3% -100.0% -38 -42 8.9% -81 -61 -24.2% -88 -96 9.4% -117 0 -100.0%
Net technical result -1,833 -2,821 -600 -382 -622 -590 -2,195 -423 -75 -117 0 -29.5% -80.5% -81.2% -100.0% -600 -423 -29.5% -982 -498 -49.3% -1,605 -615 -61.7% -2,195 0 -100.0%
9a. Investment income 4,909 5,166 1,383 1,294 1,323 1,482 5,483 1,419 1,254 1,185 0 2.6% -3.1% -10.4% -100.0% 1,383 1,419 2.6% 2,677 2,674 -0.1% 4,000 3,859 -3.5% 5,483 0 -100.0%
9b. Investment expenses 779 1,136 258 237 235 293 1,022 422 489 500 0 63.6% 106.5% 112.6% -100.0% 258 422 63.6% 495 911 84.1% 730 1,411 93.3% 1,022 0 -100.0%
Net income from assets under own management 4,130 4,030 1,125 1,057 1,088 1,190 4,460 997 765 686 0 -11.4% -27.6% -37.0% -100.0% 1,125 997 -11.4% 2,183 1,763 -19.2% 3,270 2,448 -25.1% 4,460 0 -100.0%
Net income from investment contracts 3 0 1 0 1 1 3 1 1 -1 0 15.7% 177.6% -175.3% -100.0% 1 1 15.7% 2 3 64.6% 3 2 -30.4% 3 0 -100.0%
Net interest income from funds withheld and contract deposits 190 210 127 38 39 50 255 52 70 26 0 -59.3% 81.6% -32.0% -100.0% 127 52 -59.3% 165 122 -26.5% 204 148 -27.6% 255 0 -100.0%
Net investment income 4,323 4,240 1,253 1,096 1,128 1,241 4,718 1,050 837 711 0 -16.2% -23.7% -36.9% -100.0% 1,253 1,050 -16.2% 2,350 1,887 -19.7% 3,477 2,598 -25.3% 4,718 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 35 100 18 11 9 5 43 30 12 -6 0 71.0% 11.9% -169.7% -100.0% 18 30 71.0% 28 42 48.7% 38 36 -4.6% 43 0 -100.0%
10a. Other income 1,114 1,432 568 254 268 436 1,526 569 524 596 0 0.3% 106.2% 121.9% -100.0% 568 569 0.3% 822 1,093 33.0% 1,090 1,688 54.9% 1,526 0 -100.0%
10b. Other expenses 1,173 1,207 596 260 267 472 1,596 566 557 582 0 -4.9% 114.0% 117.8% -100.0% 596 566 -4.9% 856 1,124 31.2% 1,123 1,705 51.8% 1,596 0 -100.0%
Other income/expenses -60 226 -28 -6 1 -36 -69 3 -34 14 0 -109.6% 421.8% 1080.9% -100.0% -28 3 -109.6% -35 -31 -10.3% -33 -17 -48.4% -69 0 -100.0%
Profit before goodwill impairments 2,430 1,645 625 707 506 615 2,454 630 728 608 0 0.7% 3.0% 20.1% -100.0% 625 630 0.7% 1,333 1,358 1.9% 1,839 1,966 6.9% 2,454 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 -0 0 0 n/a n/a n/a n/a 0 0 n/a 0 -0 n/a 0 -0 n/a 0 0 n/a
Operating profit/loss (EBIT) 2,430 1,645 625 707 506 615 2,454 630 728 608 0 0.7% 3.0% 20.1% -100.0% 625 630 0.7% 1,333 1,358 1.9% 1,839 1,966 6.9% 2,454 0 -100.0%
Financing costs 191 198 42 46 46 41 176 45 43 39 0 5.5% -5.9% -15.7% -100.0% 42 45 5.5% 88 88 -0.4% 135 127 -5.7% 176 0 -100.0%
Taxes on income 568 277 128 180 173 67 548 163 150 172 0 26.6% -16.9% -0.7% -100.0% 128 163 26.6% 309 312 1.2% 481 484 0.5% 548 0 -100.0%
Net income 1,671 1,170 455 481 288 506 1,730 422 535 398 0 -7.1% 11.2% 38.3% -100.0% 455 422 -7.1% 936 957 2.3% 1,223 1,355 10.8% 1,730 0 -100.0%
attributable to non-controlling interests 748 522 177 212 111 218 718 166 231 173 0 -6.3% 8.9% 56.0% -100.0% 177 166 -6.3% 389 397 2.0% 500 570 14.0% 718 0 -100.0%
attributable to shareholders of Talanx AG 923 648 277 269 177 288 1,011 256 304 225 0 -7.6% 13.0% 27.1% -100.0% 277 256 -7.6% 546 560 2.6% 723 785 8.6% 1,011 0 -100.0%
Basic earnings per share 3.65 2.56 1.10 1.06 0.70 1.14 4.00 1.01 1.20 0.89 0.00 -7.7% 12.9% 27.0% -100.0% 1.10 1.01 -7.6% 2.16 2.21 2.4% 2.86 3.10 8.4% 4.00 0.00 -100.0%
Diluted earnings per share 3.65 2.56 1.10 1.06 0.70 1.14 4.00 1.01 1.20 0.89 0.00 -7.7% 12.9% 27.0% -100.0% 1.10 1.01 -7.6% 2.16 2.21 2.4% 2.86 3.10 8.4% 4.00 0.00 -100.0%
Retention ratio 88.4% 88.0% 86.4% 89.1% 87.7% 88.3% 87.8% 87.4% 88.8% 87.3% 0.0% 1.1% -0.2% -0.4% -88.3% pts. 86.4% 87.4% 1.1% pts. 87.5% 88.0% 0.5% pts. 87.6% 87.8% 0.2% pts. 87.8% 0.0% -87.8% pts.
Net expense ratio (property/casualty) 29.0% 28.4% 26.9% 28.3% 27.0% 29.1% 27.8% 27.8% 28.8% 26.9% 0.0% 0.9% 0.5% -0.1% -29.1% pts. 26.9% 27.8% 0.9% pts. 27.6% 28.3% 0.7% pts. 27.4% 27.8% 0.4% pts. 27.8% 0.0% -27.8% pts.
Net loss ratio (property/casualty) 69.5% 72.7% 69.2% 67.6% 74.2% 69.1% 70.1% 70.5% 70.1% 72.3% 0.0% 1.4% 2.4% -1.9% -69.1% pts. 69.2% 70.5% 1.4% pts. 68.4% 70.3% 1.9% pts. 70.4% 71.0% 0.6% pts. 70.1% 0.0% -70.1% pts.
Net combined ratio (property/casualty) 98.3% 100.9% 96.1% 95.7% 100.9% 98.0% 97.7% 98.3% 98.4% 99.1% 0.0% 2.3% 2.7% -1.8% -98.0% pts. 96.1% 98.3% 2.3% pts. 95.9% 98.4% 2.5% pts. 97.6% 98.6% 1.0% pts. 97.7% 0.0% -97.7% pts.
Net retuon investment 3.5% 3.2% 3.5% 3.2% 3.3% 3.5% 3.4% 3.0% 2.3% 2.1% XX -0.5% -0.9% -1.1% ERROR:#VALUE! pts. 3.5% 3.0% -0.5% pts. 3.3% 2.7% -0.7% pts. 3.3% 2.5% -0.9% pts. 3.4% 3.4% 0.0% pts.
EBIT margin 7.4% 4.9% 6.9% 7.6% 5.3% 6.1% 6.5% 6.1% 6.7% 5.3% 0.0% -0.8% -0.9% -0.0% -6.1% pts. 6.9% 6.1% -0.8% pts. 7.3% 6.4% -0.9% pts. 6.6% 6.0% -0.6% pts. 6.5% 0.0% -6.5% pts.
Tax ratio 25.4% 19.1% 22.0% 27.3% 37.5% 11.7% 24.1% 27.8% 21.9% 30.1% ERROR:#DIV/0! 5.8% -5.4% -7.4% ERROR:#DIV/0! pts. 22.0% 27.8% 5.8% pts. 24.8% 24.6% -0.2% pts. 28.2% 26.3% -1.9% pts. 24.1% ERROR:#DIV/0! ERROR:#DIV/0! pts.
Retuon equity 9.8% 6.6% 10.7% 10.3% 6.7% 10.8% 9.6% 10.0% 13.5% 11.5% XX -0.7% 3.1% 4.8% ERROR:#VALUE! pts. 10.7% 10.0% -0.7% pts. 10.5% 11.8% 1.3% pts. 9.2% 11.5% 2.3% pts. 9.6% 9.6% 0.0% pts.

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Primary Insurance P&L

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Primary Insurance: Sum of Industrial Lines, Retail Germany, and Retail International FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 18,525 18,038 6,064 4,407 4,530 4,857 19,858 6,665 5,023 4,962 0 9.9% 14.0% 9.5% -100.0% 6,064 6,665 9.9% 10,471 11,689 11.6% 15,001 16,650 11.0% 19,858 0 -100.0%
of which attributable to other divisions/segments 115 126 30 30 32 7 100 35 34 35 0 15.8% 11.3% 9.3% -100.0% 30 35 15.8% 61 69 13.5% 92 104 12.1% 100 0 -100.0%
of which attributable to third parties 18,410 17,912 6,033 4,377 4,498 4,850 19,758 6,630 4,990 4,927 0 9.9% 14.0% 9.5% -100.0% 6,033 6,630 9.9% 10,410 11,620 11.6% 14,908 16,547 11.0% 19,758 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 943 890 242 267 234 264 1,008 230 241 229 0 -4.9% -9.9% -2.4% -100.0% 242 230 -4.9% 509 471 -7.6% 743 699 -5.9% 1,008 0 -100.0%
3. Ceded written premiums 3,889 4,330 1,578 1,066 1,161 1,157 4,962 1,542 1,149 1,344 0 -2.3% 7.8% 15.8% -100.0% 1,578 1,542 -2.3% 2,644 2,692 1.8% 3,805 4,036 6.1% 4,962 0 -100.0%
4. Change in gross unearned premiums -558 -401 -1,575 403 275 239 -657 -1,772 197 215 0 12.5% -51.2% -21.7% -100.0% -1,575 -1,772 12.5% -1,171 -1,575 34.5% -897 -1,360 51.7% -657 0 -100.0%
5. Change in ceded unearned premiums -156 -227 -589 99 132 153 -204 -417 87 40 0 -29.2% -12.5% -70.0% -100.0% -589 -417 -29.2% -489 -330 -32.5% -357 -290 -18.7% -204 0 -100.0%
Net premiums earned 13,290 12,643 3,257 3,378 3,277 3,522 13,435 3,538 3,744 3,564 0 8.6% 10.8% 8.7% -100.0% 3,257 3,538 8.6% 6,636 7,281 9.7% 9,913 10,845 9.4% 13,435 0 -100.0%
6. Claims and claims expenses (gross) 14,113 13,461 3,604 3,861 4,065 3,887 15,417 3,756 3,793 3,530 0 4.2% -1.8% -13.2% -100.0% 3,604 3,756 4.2% 7,465 7,548 1.1% 11,530 11,079 -3.9% 15,417 0 -100.0%
Reinsurers' share 2,444 2,412 611 722 1,024 931 3,288 735 796 759 0 20.2% 10.3% -25.9% -100.0% 611 735 20.2% 1,333 1,531 14.8% 2,357 2,290 -2.9% 3,288 0 -100.0%
Claims and claims expenses (net) 11,668 11,050 2,992 3,139 3,041 2,956 12,128 3,021 2,997 2,771 0 1.0% -4.5% -8.9% -100.0% 2,992 3,021 1.0% 6,131 6,018 -1.9% 9,173 8,789 -4.2% 12,128 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 4,057 4,377 969 892 917 1,208 3,986 1,061 1,036 1,158 0 9.5% 16.1% 26.3% -100.0% 969 1,061 9.5% 1,861 2,097 12.7% 2,778 3,255 17.2% 3,986 0 -100.0%
Reinsurers' share 906 1,022 271 255 282 304 1,112 289 235 322 0 6.7% -7.9% 14.2% -100.0% 271 289 6.7% 526 524 -0.4% 808 846 4.7% 1,112 0 -100.0%
Acquisition costs and administrative expenses (net) 3,152 3,355 698 636 635 904 2,874 772 800 836 0 10.6% 25.8% 31.6% -100.0% 698 772 10.6% 1,334 1,573 17.8% 1,970 2,409 22.3% 2,874 0 -100.0%
8. Other technical income 55 65 16 10 13 14 52 16 18 18 0 5.9% 79.9% 41.6% -100.0% 16 16 5.9% 26 35 35.1% 39 53 37.3% 52 0 -100.0%
Other technical expenses 119 132 48 58 6 42 154 29 29 36 0 -39.9% -49.8% 458.0% -100.0% 48 29 -39.9% 106 58 -45.4% 112 94 -16.5% 154 0 -100.0%
Other technical result -63 -67 -32 -48 7 -28 -102 -12 -11 -17 0 -62.3% -77.2% -363.8% -100.0% -32 -12 -62.3% -80 -23 -71.2% -73 -40 -44.9% -102 0 -100.0%
Net technical result -1,593 -1,828 -465 -445 -393 -366 -1,669 -268 -65 -61 0 -42.4% -85.5% -84.4% -100.0% -465 -268 -42.4% -910 -332 -63.5% -1,303 -394 -69.8% -1,669 0 -100.0%
9a. Investment income 3,079 3,382 923 813 755 796 3,288 797 658 606 0 -13.7% -19.1% -19.8% -100.0% 923 797 -13.7% 1,736 1,454 -16.2% 2,492 2,060 -17.3% 3,288 0 -100.0%
9b. Investment expenses 493 798 109 120 106 137 472 235 321 289 0 115.6% 166.7% 171.9% -100.0% 109 235 115.6% 229 555 142.4% 336 845 151.8% 472 0 -100.0%
Net income from assets under own management 2,585 2,584 814 693 649 660 2,816 562 337 317 0 -31.0% -51.4% -51.2% -100.0% 814 562 -31.0% 1,507 899 -40.4% 2,156 1,216 -43.6% 2,816 0 -100.0%
Net income from investment contracts 3 0 1 0 1 1 3 1 1 -1 0 15.7% 177.6% -175.3% -100.0% 1 1 15.7% 2 3 64.6% 3 2 -30.4% 3 0 -100.0%
Net interest income from funds withheld and contract deposits -17 -12 -4 -3 -4 -4 -14 -3 -2 -4 0 -10.0% -38.1% 17.2% -100.0% -4 -3 -10.0% -7 -5 -23.4% -10 -9 -9.5% -14 0 -100.0%
Net investment income 2,572 2,572 812 690 646 657 2,805 560 336 312 0 -31.0% -51.3% -51.8% -100.0% 812 560 -31.0% 1,502 896 -40.3% 2,148 1,208 -43.8% 2,805 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 11 20 5 8 7 5 26 3 5 4 0 -40.2% -34.8% -44.1% -100.0% 5 3 -40.2% 14 9 -36.9% 21 13 -39.3% 26 0 -100.0%
10a. Other income 450 565 287 65 92 183 627 226 202 330 0 -21.5% 210.9% 260.4% -100.0% 287 226 -21.5% 352 428 21.4% 444 758 70.8% 627 0 -100.0%
10b. Other expenses 756 791 360 158 161 309 987 310 285 395 0 -13.9% 80.7% 145.9% -100.0% 360 310 -13.9% 517 595 14.9% 678 990 46.0% 987 0 -100.0%
Other income/expenses -306 -226 -72 -93 -69 -126 -360 -84 -83 -65 0 16.4% -10.8% -6.1% -100.0% -72 -84 16.4% -165 -167 1.1% -234 -232 -1.0% -360 0 -100.0%
Profit before goodwill impairments 673 518 274 153 185 165 777 208 189 186 0 -24.2% 23.9% 0.6% -100.0% 274 208 -24.2% 427 397 -7.0% 612 583 -4.7% 777 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 -0 0 0 n/a n/a n/a n/a 0 0 0.0% 0 -0 0.0% 0 -0 0.0% 0 0 0.0%
Operating profit/loss (EBIT) 673 518 274 153 185 165 777 208 189 186 0 -24.2% 23.9% 0.6% -100.0% 274 208 -24.2% 427 397 -7.0% 612 583 -4.7% 777 0 -100.0%
Financing costs 33 38 7 8 7 1 23 3 3 7 0 -50.4% -61.3% 2.8% -100.0% 7 3 -50.4% 15 7 -56.1% 22 14 -37.0% 23 0 -100.0%
Taxes on income 190 105 79 41 71 24 215 70 49 50 0 -11.2% 20.0% -29.4% -100.0% 79 70 -11.2% 120 119 -0.6% 191 169 -11.4% 215 0 -100.0%
Net income 449 375 189 104 106 140 538 135 137 128 0 -28.6% 31.9% 20.6% -100.0% 189 135 -28.6% 293 272 -7.1% 399 400 0.3% 538 0 -100.0%
attributable to non-controlling interests 49 49 12 12 9 14 46 16 15 18 0 37.6% 28.0% 107.2% -100.0% 12 16 37.6% 23 31 32.8% 32 49 53.3% 46 0 -100.0%
attributable to shareholders of Talanx AG 400 326 177 92 97 126 493 119 122 110 0 -32.9% 32.3% 12.7% -100.0% 177 119 -32.9% 269 241 -10.5% 366 350 -4.4% 493 0 -100.0%
Retention ratio 77.9% 74.7% 72.9% 74.3% 73.0% 74.8% 73.7% 76.0% 76.0% 71.6% 0.0% 3.1% 1.7% -1.4% -74.8% pts. 72.9% 76.0% 3.1% pts. 73.5% 76.0% 2.5% pts. 73.3% 74.7% 1.4% pts. 73.7% 0.0% -73.7% pts.
Net expense ratio (property/casualty) 28.1% 26.9% 25.4% 24.3% 25.2% 27.5% 25.6% 25.2% 25.5% 24.1% 0.0% -0.1% 1.3% -1.1% -27.5% pts. 25.4% 25.2% -0.1% pts. 24.8% 25.4% 0.6% pts. 24.9% 24.9% -0.0% pts. 25.6% 0.0% -25.6% pts.
Net loss ratio (property/casualty) 70.2% 72.0% 68.7% 71.4% 74.3% 71.3% 71.5% 70.7% 72.5% 73.7% 0.0% 2.0% 1.1% -0.6% -71.3% pts. 68.7% 70.7% 2.0% pts. 70.1% 71.6% 1.5% pts. 71.5% 72.4% 0.8% pts. 71.5% 0.0% -71.5% pts.
Net combined ratio (property/casualty) 98.3% 98.9% 94.1% 95.7% 99.5% 98.9% 97.1% 95.9% 98.0% 97.8% 0.0% 1.8% 2.3% -1.7% -98.9% pts. 94.1% 95.9% 1.8% pts. 94.9% 97.0% 2.1% pts. 96.5% 97.3% 0.8% pts. 97.1% 0.0% -97.1% pts.
Net retuon investment 3.5% 3.3% 4.0% 3.4% 3.2% 3.2% 3.5% 2.8% 1.8% 1.7% 3.2% -1.2% -1.7% -1.5% 0.0% pts. 4.0% 2.8% -1.2% pts. 3.7% 2.3% -1.4% pts. 3.5% 2.1% -1.4% pts. 3.5% 3.5% 0.0% pts.
EBIT margin 5.1% 4.1% 8.4% 4.5% 5.6% 4.7% 5.8% 5.9% 5.1% 5.2% 0.0% -2.5% 0.5% -0.4% -4.7% pts. 8.4% 5.9% -2.5% pts. 6.4% 5.5% -1.0% pts. 6.2% 5.4% -0.8% pts. 5.8% 0.0% -5.8% pts.
Tax ratio 29.7% 21.8% 29.5% 28.1% 40.2% 14.9% 28.6% 34.2% 26.3% 28.3% ERROR:#DIV/0! 4.7% -1.9% -12.0% ERROR:#DIV/0! pts. 29.5% 34.2% 4.7% pts. 29.0% 30.4% 1.4% pts. 32.4% 29.8% -2.6% pts. 28.6% ERROR:#DIV/0! ERROR:#DIV/0! pts.

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Industrial Lines P&L

Consolidated statement of income by division / reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Industrial Lines FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 6,214 6,658 2,712 1,474 1,641 1,734 7,560 3,016 1,880 1,967 0 11.2% 27.6% 19.9% -100.0% 2,712 3,016 11.2% 4,185 4,897 17.0% 5,826 6,863 17.8% 7,560 0 -100.0%
of which attributable to other divisions/segments 57 62 18 8 12 -11 27 22 13 19 0 24.4% 69.9% 57.0% -100.0% 18 22 24.4% 25 35 38.0% 38 54 44.3% 27 0 -100.0%
of which attributable to third parties 6,157 6,596 2,694 1,466 1,628 1,745 7,534 2,994 1,867 1,947 0 11.2% 27.3% 19.6% -100.0% 2,694 2,994 11.2% 4,160 4,862 16.9% 5,789 6,809 17.6% 7,534 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 0.0% 0 0 0.0% 0 0 0.0% 0 0 0.0%
3. Ceded written premiums 3,094 3,470 1,289 800 920 911 3,920 1,221 908 980 0 -5.3% 13.4% 6.6% -100.0% 1,289 1,221 -5.3% 2,090 2,129 1.9% 3,009 3,109 3.3% 3,920 0 -100.0%
4. Change in gross unearned premiums -278 -404 -1,132 292 201 259 -380 -1,159 146 207 0 2.3% -50.2% 2.6% -100.0% -1,132 -1,159 2.3% -840 -1,013 20.6% -639 -806 26.3% -380 0 -100.0%
5. Change in ceded unearned premiums -126 -223 -505 107 82 148 -168 -330 79 51 0 -34.6% -26.6% -37.1% -100.0% -505 -330 -34.6% -398 -252 -36.8% -317 -200 -36.7% -168 0 -100.0%
Net premiums earned 2,968 3,008 795 858 841 933 3,428 967 1,039 1,142 0 21.5% 21.0% 35.8% -100.0% 795 967 21.5% 1,654 2,006 21.3% 2,495 3,148 26.2% 3,428 0 -100.0%
6. Claims and claims expenses (gross) 4,369 4,446 1,150 1,293 1,395 1,498 5,336 1,380 1,410 1,452 0 19.9% 9.1% 4.1% -100.0% 1,150 1,380 19.9% 2,443 2,790 14.2% 3,838 4,242 10.5% 5,336 0 -100.0%
Reinsurers' share 2,007 1,919 518 598 725 760 2,602 608 611 535 0 17.4% 2.2% -26.2% -100.0% 518 608 17.4% 1,117 1,220 9.2% 1,842 1,755 -4.7% 2,602 0 -100.0%
Claims and claims expenses (net) 2,362 2,527 632 694 670 738 2,734 771 799 917 0 22.0% 15.0% 36.9% -100.0% 632 771 22.0% 1,326 1,570 18.4% 1,996 2,487 24.6% 2,734 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 1,276 1,335 332 327 324 407 1,390 375 377 398 0 12.9% 15.4% 22.6% -100.0% 332 375 12.9% 659 752 14.2% 983 1,150 16.9% 1,390 0 -100.0%
Reinsurers' share 641 726 198 181 172 232 783 212 184 208 0 7.1% 2.0% 20.9% -100.0% 198 212 7.1% 378 396 4.7% 551 604 9.7% 783 0 -100.0%
Acquisition costs and administrative expenses (net) 635 609 134 146 152 175 608 163 193 189 0 21.4% 32.1% 24.4% -100.0% 134 163 21.4% 280 356 27.0% 432 545 26.1% 608 0 -100.0%
8. Other technical income 4 3 1 1 2 1 5 0 2 2 0 -51.7% 100.3% 53.8% -100.0% 1 0 -51.7% 2 3 32.0% 4 5 41.4% 5 0 -100.0%
Other technical expenses 15 14 20 2 13 11 46 5 8 3 0 -75.9% 252.7% -74.4% -100.0% 20 5 -75.9% 22 13 -41.6% 35 16 -53.8% 46 0 -100.0%
Other technical result -11 -11 -19 -1 -11 -10 -41 -4 -6 -1 0 -77.1% 404.6% -92.3% -100.0% -19 -4 -77.1% -20 -10 -49.3% -31 -11 -64.9% -41 0 -100.0%
Net technical result -40 -139 11 17 8 11 46 28 41 35 0 166.7% 146.6% 340.0% -100.0% 11 28 166.7% 27 70 154.4% 35 105 196.3% 46 0 -100.0%
9a. Investment income 424 424 103 93 100 100 396 76 90 87 0 -25.9% -2.9% -12.6% -100.0% 103 76 -25.9% 196 166 -15.0% 295 254 -14.2% 396 0 -100.0%
9b. Investment expenses 138 173 26 29 21 21 96 20 29 33 0 -20.5% -1.7% 60.1% -100.0% 26 20 -20.5% 55 49 -10.5% 75 82 8.8% 96 0 -100.0%
Net income from assets under own management 286 252 77 64 79 80 300 56 61 54 0 -27.7% -3.4% -31.5% -100.0% 77 56 -27.7% 141 117 -16.7% 220 172 -22.0% 300 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 0.0% 0 0 0.0% 0 0 0.0% 0 0 0.0%
Net interest income from funds withheld and contract deposits -1 2 -0 -0 -0 -0 -0 0 1 -1 0 -238.4% -2327.3% 2158.8% -100.0% -0 0 -238.4% -0 1 -1290.6% -0 0 -107.6% -0 0 -100.0%
Net investment income 285 254 77 64 79 80 300 56 63 53 0 -27.5% -1.4% -33.0% -100.0% 77 56 -27.5% 141 119 -15.7% 220 172 -22.0% 300 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 11 20 5 3 6 5 19 3 5 3 0 -43.2% 54.8% -41.0% -100.0% 5 3 -43.2% 9 8 -6.9% 14 11 -20.3% 19 0 -100.0%
10a. Other income 137 164 142 34 -23 37 191 135 48 166 0 -4.5% 39.4% -833.3% -100.0% 142 135 -4.5% 176 183 4.1% 154 349 127.3% 191 0 -100.0%
10b. Other expenses 223 230 179 68 11 82 340 173 97 197 0 -3.2% 41.4% 1755.0% -100.0% 179 173 -3.2% 247 270 9.1% 258 467 80.8% 340 0 -100.0%
Other income/expenses -86 -66 -37 -34 -33 -45 -149 -38 -49 -31 0 1.7% 43.5% -7.2% -100.0% -37 -38 1.7% -71 -87 21.6% -104 -117 12.5% -149 0 -100.0%
Profit before goodwill impairments 159 48 51 46 54 46 196 46 55 57 0 -8.2% 19.1% 6.1% -100.0% 51 46 -8.2% 97 102 4.8% 151 159 5.3% 196 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 0.0% 0 0 0.0% 0 0 0.0% 0 0 0.0%
Operating profit/loss (EBIT) 159 48 51 46 54 46 196 46 55 57 0 -8.2% 19.1% 6.1% -100.0% 51 46 -8.2% 97 102 4.8% 151 159 5.3% 196 0 -100.0%
Financing costs 12 12 3 3 3 2 11 2 3 2 0 -29.8% -9.0% -14.3% -100.0% 3 2 -29.8% 6 5 -19.3% 9 7 -17.9% 11 0 -100.0%
Taxes on income 44 -15 8 12 16 2 38 13 12 13 0 65.5% -2.6% -19.1% -100.0% 8 13 65.5% 20 25 24.4% 37 38 5.0% 38 0 -100.0%
Net income 104 52 39 31 35 42 148 31 40 42 0 -21.5% 30.6% 19.4% -100.0% 39 31 -21.5% 70 71 1.4% 105 113 7.4% 148 0 -100.0%
attributable to non-controlling interests 1 5 0 2 3 -0 4 0 0 0 0 -33.8% -100.0% -100.0% -100.0% 0 0 -33.8% 2 0 -84.7% 5 0 -93.3% 4 0 -100.0%
attributable to shareholders of Talanx AG 103 47 39 29 32 42 143 31 40 42 0 -21.3% 37.5% 29.0% -100.0% 39 31 -21.3% 68 71 3.9% 101 113 12.0% 143 0 -100.0%
Retention ratio 50.2% 47.9% 52.5% 45.7% 44.0% 47.4% 48.1% 59.5% 51.7% 50.2% 0.0% 7.1% 6.0% 6.2% -47.4% pts. 52.5% 59.5% 7.1% pts. 50.1% 56.5% 6.4% pts. 48.4% 54.7% 6.3% pts. 48.1% 0.0% -48.1% pts.
Net expense ratio (property/casualty) 21.4% 20.2% 16.9% 17.0% 18.1% 18.8% 17.7% 16.9% 18.6% 16.6% 0.0% -0.0% 1.6% -1.5% -18.8% pts. 16.9% 16.9% -0.0% pts. 17.0% 17.8% 0.8% pts. 17.3% 17.3% -0.0% pts. 17.7% 0.0% -17.7% pts.
Net loss ratio (property/casualty) 79.9% 84.4% 81.8% 81.0% 81.0% 80.1% 80.9% 80.2% 77.4% 80.4% 0.0% -1.6% -3.6% -0.6% -80.1% pts. 81.8% 80.2% -1.6% pts. 81.4% 78.8% -2.6% pts. 81.3% 79.4% -1.9% pts. 80.9% 0.0% -80.9% pts.
Net combined ratio (property/casualty) 101.4% 104.6% 98.7% 98.1% 99.1% 98.9% 98.7% 97.1% 95.9% 97.0% 0.0% -1.6% -2.1% -2.0% -98.9% pts. 98.7% 97.1% -1.6% pts. 98.4% 96.5% -1.9% pts. 98.6% 96.7% -1.9% pts. 98.7% 0.0% -98.7% pts.
Net retuon investment 3.3% 2.6% 3.1% 2.4% 2.9% 2.9% 2.9% 2.0% 2.2% 1.9% 2.9% -1.1% -0.2% -1.0% 0.0% pts. 3.1% 2.0% -1.1% pts. 2.7% 2.1% -0.6% pts. 2.8% 2.0% -0.8% pts. 2.9% 2.9% 0.0% pts.
EBIT margin 5.4% 1.6% 6.4% 5.4% 6.4% 4.9% 5.7% 4.8% 5.3% 5.0% 0.0% -1.6% -0.1% -1.4% -4.9% pts. 6.4% 4.8% -1.6% pts. 5.9% 5.1% -0.8% pts. 6.0% 5.0% -1.0% pts. 5.7% 0.0% -5.7% pts.
Tax ratio 29.8% -41.2% 16.9% 28.4% 31.9% 3.7% 20.6% 30.1% 22.8% 24.1% ERROR:#DIV/0! 13.1% -5.6% -7.8% ERROR:#DIV/0! pts. 16.9% 30.1% 13.1% pts. 22.4% 26.1% 3.8% pts. 25.8% 25.4% -0.4% pts. 20.6% ERROR:#DIV/0! ERROR:#DIV/0! pts.
Retuon equity 4.4% 2.1% 7.1% 5.2% 5.6% 7.6% 6.7% 5.9% 8.4% 9.4% 7.6% -1.2% 3.2% 3.8% 0.0% pts. 7.1% 5.9% -1.2% pts. 6.2% 7.1% 0.9% pts. 6.0% 7.8% 1.8% pts. 6.7% 6.7% 0.0% pts.

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Retail Germany P&L

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Retail Germany (total) FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 6,201 5,853 1,833 1,401 1,400 1,537 6,170 1,984 1,372 1,287 0 8.3% -2.0% -8.1% -100.0% 1,833 1,984 8.3% 3,233 3,356 3.8% 4,633 4,643 0.2% 6,170 0 -100.0%
of which attributable to other divisions/segments 58 62 12 22 19 18 72 13 21 15 0 4.0% -7.5% -24.5% -100.0% 12 13 4.0% 35 34 -3.4% 54 48 -10.9% 72 0 -100.0%
of which attributable to third parties 6,143 5,791 1,820 1,378 1,381 1,519 6,098 1,971 1,351 1,272 0 8.3% -2.0% -7.9% -100.0% 1,820 1,971 8.3% 3,199 3,322 3.9% 4,579 4,595 0.3% 6,098 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 830 820 199 227 223 252 901 218 226 218 0 9.8% -0.5% -2.1% -100.0% 199 218 9.8% 425 444 4.3% 648 662 2.1% 901 0 -100.0%
3. Ceded written premiums 310 389 123 128 100 90 441 117 80 179 0 -5.1% -37.4% 79.5% -100.0% 123 117 -5.1% 251 197 -21.5% 351 376 7.2% 441 0 -100.0%
4. Change in gross unearned premiums -78 50 -397 138 109 143 -6 -475 149 117 0 19.7% 7.4% 7.3% -100.0% -397 -475 19.7% -259 -327 26.3% -150 -210 40.1% -6 0 -100.0%
5. Change in ceded unearned premiums 3 8 -39 -15 43 10 -1 -27 8 -6 0 -30.8% -154.0% -113.9% -100.0% -39 -27 -30.8% -54 -19 -65.2% -11 -25 126.3% -1 0 -100.0%
Net premiums earned 4,979 4,685 1,153 1,199 1,144 1,328 4,823 1,200 1,207 1,012 0 4.2% 0.6% -11.5% -100.0% 1,153 1,200 4.2% 2,352 2,407 2.4% 3,495 3,420 -2.2% 4,823 0 -100.0%
6. Claims and claims expenses (gross) 5,328 5,018 1,380 1,516 1,608 1,358 5,862 1,279 1,099 912 0 -7.3% -27.5% -43.3% -100.0% 1,380 1,279 -7.3% 2,896 2,378 -17.9% 4,504 3,291 -26.9% 5,862 0 -100.0%
Reinsurers' share 84 178 25 42 191 78 336 34 48 86 0 34.7% 14.1% -55.3% -100.0% 25 34 34.7% 67 81 21.8% 258 167 -35.3% 336 0 -100.0%
Claims and claims expenses (net) 5,243 4,840 1,355 1,474 1,417 1,280 5,526 1,245 1,051 827 0 -8.1% -28.7% -41.6% -100.0% 1,355 1,245 -8.1% 2,829 2,297 -18.8% 4,246 3,124 -26.4% 5,526 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 1,488 1,772 329 232 239 458 1,259 337 282 361 0 2.4% 21.4% 50.7% -100.0% 329 337 2.4% 561 619 10.3% 801 980 22.4% 1,259 0 -100.0%
Reinsurers' share 169 205 44 44 79 36 204 49 21 76 0 12.1% -53.4% -4.3% -100.0% 44 49 12.1% 88 70 -20.7% 168 146 -13.0% 204 0 -100.0%
Acquisition costs and administrative expenses (net) 1,318 1,566 285 188 160 421 1,055 288 261 285 0 0.9% 39.1% 78.0% -100.0% 285 288 0.9% 473 549 16.1% 633 834 31.7% 1,055 0 -100.0%
8. Other technical income 17 28 8 1 3 3 14 8 -0 5 0 -1.3% -148.3% 72.4% -100.0% 8 8 -1.3% 9 7 -18.4% 11 12 3.0% 14 0 -100.0%
Other technical expenses 20 37 9 33 -26 2 17 2 -2 8 0 -79.5% -107.5% -129.2% -100.0% 9 2 -79.5% 42 -1 -101.4% 15 7 -53.9% 17 0 -100.0%
Other technical result -4 -9 -1 -32 29 1 -3 6 2 -3 0 -484.4% -106.2% -110.8% -100.0% -1 6 -484.4% -33 8 -122.9% -4 4 -206.4% -3 0 -100.0%
Net technical result -1,586 -1,730 -489 -495 -404 -373 -1,761 -327 -104 -103 0 -33.1% -79.0% -74.6% -100.0% -489 -327 -33.1% -984 -431 -56.2% -1,388 -534 -61.6% -1,761 0 -100.0%
9a. Investment income 2,227 2,482 711 607 553 580 2,452 583 433 369 0 -18.1% -28.7% -33.3% -100.0% 711 583 -18.1% 1,319 1,016 -23.0% 1,872 1,385 -26.0% 2,452 0 -100.0%
9b. Investment expenses 310 478 71 75 67 96 309 177 249 212 0 149.3% 230.9% 215.6% -100.0% 71 177 149.3% 146 426 191.4% 213 637 199.0% 309 0 -100.0%
Net income from assets under own management 1,917 2,004 641 532 486 484 2,143 406 184 157 0 -36.6% -65.4% -67.6% -100.0% 641 406 -36.6% 1,173 590 -49.7% 1,659 748 -54.9% 2,143 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net interest income from funds withheld and contract deposits -12 -13 -3 -3 -3 -3 -12 -3 -3 -2 0 -7.1% 3.1% -19.6% -100.0% -3 -3 -7.1% -6 -6 -2.2% -9 -8 -8.1% -12 0 -100.0%
Net investment income 1,905 1,992 638 529 483 481 2,131 403 181 155 0 -36.7% -65.8% -67.9% -100.0% 638 403 -36.7% 1,167 585 -49.9% 1,650 740 -55.2% 2,131 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures -0 -0 0 5 1 -0 6 0 1 1 0 1346.1% -89.1% -57.4% -100.0% 0 0 1346.1% 5 1 -85.9% 7 1 -80.1% 6 0 -100.0%
10a. Other income 237 261 66 42 66 73 247 49 62 69 0 -26.1% 46.7% 4.8% -100.0% 66 49 -26.1% 109 111 2.2% 174 180 3.2% 247 0 -100.0%
10b. Other expenses 326 319 78 56 68 129 331 50 84 75 0 -36.1% 48.2% 10.1% -100.0% 78 50 -36.1% 134 133 -0.7% 202 208 2.9% 331 0 -100.0%
Other income/expenses -89 -59 -11 -14 -3 -56 -84 -1 -22 -6 0 -95.3% 52.8% 142.0% -100.0% -11 -1 -95.3% -25 -22 -13.2% -28 -28 1.3% -84 0 -100.0%
Profit before goodwill impairments 230 203 137 21 76 53 286 76 56 46 0 -44.7% 169.4% -40.0% -100.0% 137 76 -44.7% 157 132 -16.4% 234 177 -24.1% 286 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Operating profit/loss (EBIT) 230 203 137 21 76 53 286 76 56 46 0 -44.7% 169.4% -40.0% -100.0% 137 76 -44.7% 157 132 -16.4% 234 177 -24.1% 286 0 -100.0%
Financing costs 9 9 2 2 2 2 9 2 2 2 0 -34.1% -34.2% -34.2% -100.0% 2 2 -34.1% 5 3 -34.2% 7 5 -34.2% 9 0 -100.0%
Taxes on income 80 64 47 5 42 17 111 29 20 16 0 -37.8% 324.8% -61.0% -100.0% 47 29 -37.8% 52 49 -4.4% 94 66 -29.8% 111 0 -100.0%
Net income 140 130 87 14 32 33 166 45 34 28 0 -48.7% 150.3% -12.5% -100.0% 87 45 -48.7% 101 79 -21.8% 133 107 -19.6% 166 0 -100.0%
attributable to non-controlling interests 7 11 3 1 -2 3 6 2 2 5 0 -21.9% 108.4% -410.5% -100.0% 3 2 -21.9% 4 4 6.9% 2 10 301.6% 6 0 -100.0%
attributable to shareholders of Talanx AG 133 119 84 13 34 30 161 42 32 23 0 -49.7% 153.3% -32.4% -100.0% 84 42 -49.7% 97 75 -23.0% 131 97 -25.4% 161 0 -100.0%
Retention ratio 94.2% 92.3% 92.5% 89.1% 91.5% 93.0% 91.6% 93.4% 93.0% 83.3% 0.0% 0.9% 3.9% -8.3% -93.0% pts. 92.5% 93.4% 0.9% pts. 91.1% 93.2% 2.2% pts. 91.2% 90.6% -0.6% pts. 91.6% 0.0% -91.6% pts.
Net expense ratio (property/casualty) 38.0% 33.4% 34.6% 27.7% 27.7% 44.2% 33.9% 34.5% 31.8% 32.7% 0.0% -0.2% 4.1% 5.0% -44.2% pts. 34.6% 34.5% -0.2% pts. 31.3% 33.1% 1.8% pts. 30.2% 33.0% 2.8% pts. 33.9% 0.0% -33.9% pts.
Net loss ratio (property/casualty) 61.0% 61.9% 49.6% 72.0% 80.3% 61.4% 65.2% 63.4% 69.1% 68.1% 0.0% 13.8% -2.8% -12.3% -61.4% pts. 49.6% 63.4% 13.8% pts. 60.3% 66.3% 6.0% pts. 66.7% 66.9% 0.2% pts. 65.2% 0.0% -65.2% pts.
Net combined ratio (property/casualty) 99.0% 95.4% 84.2% 99.7% 108.0% 105.7% 99.2% 97.8% 101.0% 100.8% 0.0% 13.6% 1.3% -7.3% -105.7% pts. 84.2% 97.8% 13.6% pts. 91.7% 99.5% 7.8% pts. 96.8% 99.9% 3.1% pts. 99.2% 0.0% -99.2% pts.
Net retuon investment 3.6% 3.6% 4.5% 3.8% 3.4% 3.4% 3.7% 2.9% 1.4% 1.3% 3.4% -1.5% -2.4% -2.2% 0.0% pts. 4.5% 2.9% -1.5% pts. 4.1% 2.2% -1.9% pts. 3.9% 1.9% -2.0% pts. 3.7% 3.7% 0.0% pts.
EBIT margin 4.6% 4.3% 11.9% 1.7% 6.7% 4.0% 5.9% 6.3% 4.6% 4.5% 0.0% -5.6% 2.9% -2.1% -4.0% pts. 11.9% 6.3% -5.6% pts. 6.7% 5.5% -1.2% pts. 6.7% 5.2% -1.5% pts. 5.9% 0.0% -5.9% pts.
Tax ratio 36.5% 33.1% 35.0% 25.8% 56.9% 34.0% 40.1% 39.5% 37.1% 37.1% ERROR:#DIV/0! 4.5% 11.3% -19.9% ERROR:#DIV/0! pts. 35.0% 39.5% 4.5% pts. 33.9% 38.5% 4.6% pts. 41.4% 38.1% -3.3% pts. 40.1% ERROR:#DIV/0! ERROR:#DIV/0! pts.
Retuon equity 5.5% 4.6% 12.5% 1.9% 5.0% 4.5% 6.1% 6.9% 5.9% 4.6% 4.5% -5.6% 4.0% -0.4% 0.0% pts. 12.5% 6.9% -5.6% pts. 7.2% 6.5% -0.8% pts. 6.4% 5.8% -0.6% pts. 6.1% 6.1% 0.0% pts.

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Retail Germany PC P&L

Consolidated statement of income by division / reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Retail Germany - Property / Casualty FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 1,588 1,502 781 251 276 266 1,574 873 268 301 0 11.8% 6.9% 9.0% -100.0% 781 873 11.8% 1,031 1,141 10.6% 1,308 1,442 10.3% 1,574 0 -100.0%
of which attributable to other divisions/segments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
of which attributable to third parties 1,588 1,502 781 251 276 266 1,574 873 268 301 0 11.8% 6.9% 9.0% -100.0% 781 873 11.8% 1,031 1,141 10.6% 1,308 1,442 10.3% 1,574 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
3. Ceded written premiums 80 176 69 74 45 37 224 62 29 44 0 -9.2% -61.0% -1.7% -100.0% 69 62 -9.2% 142 91 -36.0% 187 135 -27.7% 224 0 -100.0%
4. Change in gross unearned premiums -22 11 -405 127 118 135 -25 -460 165 121 0 13.5% 29.2% 2.6% -100.0% -405 -460 13.5% -278 -295 6.3% -160 -174 9.0% -25 0 -100.0%
5. Change in ceded unearned premiums -0 4 -39 -16 42 9 -5 -28 7 -7 0 -29.2% -144.6% -115.9% -100.0% -39 -28 -29.2% -55 -21 -62.6% -14 -27 99.8% -5 0 -100.0%
Net premiums earned 1,486 1,334 346 321 308 355 1,329 378 397 384 0 9.4% 23.8% 25.0% -100.0% 346 378 9.4% 666 775 16.3% 974 1,160 19.1% 1,329 0 -100.0%
6. Claims and claims expenses (gross) 922 908 174 237 412 260 1,083 249 282 272 0 43.1% 18.8% -33.9% -100.0% 174 249 43.1% 412 531 29.1% 823 803 -2.4% 1,083 0 -100.0%
Reinsurers' share 20 88 7 8 166 44 224 14 9 13 0 116.7% 17.0% -91.9% -100.0% 7 14 116.7% 15 24 62.6% 180 37 -79.4% 224 0 -100.0%
Claims and claims expenses (net) 902 820 168 229 246 216 859 235 273 259 0 40.2% 18.9% 5.3% -100.0% 168 235 40.2% 397 507 27.9% 643 766 19.2% 859 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 590 559 132 131 141 178 582 149 143 143 0 12.6% 9.6% 0.9% -100.0% 132 149 12.6% 263 292 11.1% 404 434 7.6% 582 0 -100.0%
Reinsurers' share 25 114 12 42 56 21 132 18 17 17 0 49.7% -59.8% -69.6% -100.0% 12 18 49.7% 54 35 -35.1% 110 52 -52.7% 132 0 -100.0%
Acquisition costs and administrative expenses (net) 565 445 120 89 85 157 451 130 126 126 0 8.8% 42.3% 47.4% -100.0% 120 130 8.8% 209 257 23.1% 294 382 30.1% 451 0 -100.0%
8. Other technical income 2 2 1 0 0 1 2 0 0 0 0 -71.5% -80.3% -15.5% -100.0% 1 0 -71.5% 1 0 -75.4% 1 0 -64.1% 2 0 -100.0%
Other technical expenses 7 7 4 2 2 2 10 5 2 3 0 12.6% 3.7% 98.7% -100.0% 4 5 12.6% 6 7 10.0% 8 10 28.0% 10 0 -100.0%
Other technical result -5 -6 -4 -1 -1 -2 -8 -5 -2 -3 0 25.3% 32.2% 119.3% -100.0% -4 -5 25.3% -5 -7 27.1% -7 -10 46.1% -8 0 -100.0%
Net technical result 15 62 55 1 -25 -20 11 8 -4 -3 0 -84.9% -459.2% -88.5% -100.0% 55 8 -84.9% 56 4 -92.1% 31 2 -94.9% 11 0 -100.0%
9a. Investment income 137 124 33 28 32 56 149 35 25 23 0 4.0% -11.9% -28.2% -100.0% 33 35 4.0% 62 60 -3.4% 93 82 -11.8% 149 0 -100.0%
9b. Investment expenses 17 35 4 4 6 5 19 10 12 13 0 145.0% 173.7% 115.9% -100.0% 4 10 145.0% 8 22 159.5% 14 35 141.5% 19 0 -100.0%
Net income from assets under own management 119 89 29 24 26 51 130 24 13 10 0 -16.3% -44.8% -61.6% -100.0% 29 24 -16.3% 53 38 -29.2% 79 47 -39.8% 130 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net interest income from funds withheld and contract deposits -1 -1 -0 -0 -0 -0 -1 -0 -0 -0 0 38.5% 41.6% 62.6% -100.0% -0 -0 38.5% -0 -0 40.0% -0 -0 47.5% -1 0 -100.0%
Net investment income 119 88 29 24 26 50 129 24 13 10 0 -16.4% -45.1% -62.0% -100.0% 29 24 -16.4% 53 37 -29.4% 79 47 -40.1% 129 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 0 -0 0 0 0 -0 0 -0 0 0 0 -731.2% -57.7% -35.9% -100.0% 0 -0 -731.2% 0 0 -73.8% 0 0 -51.6% 0 0 -100.0%
10a. Other income 53 70 17 12 15 11 55 6 5 7 0 -63.9% -53.0% -54.2% -100.0% 17 6 -63.9% 29 12 -59.5% 44 19 -57.6% 55 0 -100.0%
10b. Other expenses 89 87 20 16 19 37 92 8 13 11 0 -61.6% -20.1% -43.6% -100.0% 20 8 -61.6% 36 20 -43.3% 55 31 -43.4% 92 0 -100.0%
Other income/expenses -36 -17 -3 -4 -4 -26 -37 -2 -7 -4 0 -48.6% 71.9% -3.3% -100.0% -3 -2 -48.6% -7 -9 21.7% -11 -13 12.8% -37 0 -100.0%
Profit before goodwill impairments 98 134 81 21 -3 5 104 31 2 3 0 -61.7% -89.5% -203.3% -100.0% 81 31 -61.7% 102 33 -67.4% 99 36 -63.3% 104 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Operating profit/loss (EBIT) 98 134 81 21 -3 5 104 31 2 3 0 -61.7% -89.5% -203.3% -100.0% 81 31 -61.7% 102 33 -67.4% 99 36 -63.3% 104 0 -100.0%
Retention ratio 95.0% 88.3% 91.2% 70.6% 83.7% 86.2% 85.8% 92.9% 89.3% 85.3% 0.0% 1.7% 18.6% 1.6% -86.2% pts. 91.2% 92.9% 1.7% pts. 86.2% 92.0% 5.8% pts. 85.7% 90.6% 4.9% pts. 85.8% 0.0% -85.8%
Net expense ratio (property/casualty) 38.0% 33.4% 34.6% 27.7% 27.7% 44.2% 33.9% 34.5% 31.8% 32.7% 0.0% -0.2% 4.1% 5.0% -44.2% pts. 34.6% 34.5% -0.2% pts. 31.3% 33.1% 1.8% pts. 30.2% 33.0% 2.8% pts. 33.9% 0.0% -33.9%
Net loss ratio (property/casualty) 61.0% 61.9% 49.6% 72.0% 80.3% 61.4% 65.2% 63.4% 69.1% 68.1% 0.0% 13.8% -2.8% -12.3% -61.4% pts. 49.6% 63.4% 13.8% pts. 60.3% 66.3% 6.0% pts. 66.7% 66.9% 0.2% pts. 65.2% 0.0% -65.2%
Net combined ratio (property/casualty) 99.0% 95.4% 84.2% 99.7% 108.0% 105.7% 99.2% 97.8% 101.0% 100.8% 0.0% 13.6% 1.3% -7.3% -105.7% pts. 84.2% 97.8% 13.6% pts. 91.7% 99.5% 7.8% pts. 96.8% 99.9% 3.1% pts. 99.2% 0.0% -99.2%
Net retuon investment 3.0% 2.2% 2.7% 2.2% 2.4% 4.7% 3.1% 2.3% 1.2% 1.0% 4.7% -0.4% -1.0% -1.4% 0.0% pts. 2.7% 2.3% -0.4% pts. 2.5% 1.8% -0.7% pts. 2.5% 1.5% -0.9% pts. 3.1% 3.1% 0.0%
EBIT margin 6.6% 10.0% 23.3% 6.5% -1.0% 1.4% 7.8% 8.2% 0.6% 0.8% 0.0% -15.1% -6.0% 1.8% -1.4% pts. 23.3% 8.2% -15.1% pts. 15.2% 4.3% -11.0% pts. 10.1% 3.1% -7.0% pts. 7.8% 0.0% -7.8%

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Retail Germany Life P&L

Consolidated statement of income by division / reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Retail Germany - Life FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 4,612 4,351 1,052 1,150 1,124 1,271 4,596 1,111 1,104 986 0 5.6% -4.0% -12.3% -100.0% 1,052 1,111 5.6% 2,202 2,215 0.6% 3,326 3,201 -3.8% 4,596 0 -100.0%
of which attributable to other divisions/segments 58 62 12 22 19 18 72 13 21 15 0 4.0% -7.5% -24.5% -100.0% 12 13 4.0% 35 34 -3.4% 54 48 -10.9% 72 0 -100.0%
of which attributable to third parties 4,554 4,289 1,040 1,128 1,105 1,253 4,525 1,098 1,083 971 0 5.6% -3.9% -12.1% -100.0% 1,040 1,098 5.6% 2,167 2,181 0.7% 3,272 3,153 -3.6% 4,525 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 830 820 199 227 223 252 901 218 226 218 0 9.8% -0.5% -2.1% -100.0% 199 218 9.8% 425 444 4.3% 648 662 2.1% 901 0 -100.0%
3. Ceded written premiums 230 214 55 54 55 53 217 55 52 135 0 0.1% -5.4% 146.2% -100.0% 55 55 0.1% 109 106 -2.6% 164 241 47.0% 217 0 -100.0%
4. Change in gross unearned premiums -56 38 8 11 -9 9 19 -15 -16 -4 0 -278.3% -248.0% -53.1% -100.0% 8 -15 -278.3% 19 -31 -261.3% 10 -36 -449.5% 19 0 -100.0%
5. Change in ceded unearned premiums 3 3 1 1 1 1 4 1 1 1 0 60.9% -10.6% -36.1% -100.0% 1 1 60.9% 2 2 18.2% 3 3 -2.5% 4 0 -100.0%
Net premiums earned 3,493 3,352 807 879 836 973 3,494 822 810 628 0 1.9% -7.8% -24.9% -100.0% 807 822 1.9% 1,685 1,632 -3.2% 2,521 2,260 -10.4% 3,494 0 -100.0%
6. Claims and claims expenses (gross) 4,406 4,110 1,206 1,279 1,196 1,098 4,779 1,030 817 640 0 -14.6% -36.1% -46.5% -100.0% 1,206 1,030 -14.6% 2,485 1,847 -25.7% 3,681 2,487 -32.4% 4,779 0 -100.0%
Reinsurers' share 64 90 18 34 25 34 111 19 38 72 0 5.0% 13.4% 184.9% -100.0% 18 19 5.0% 52 58 10.5% 77 130 67.4% 111 0 -100.0%
Claims and claims expenses (net) 4,342 4,019 1,188 1,245 1,171 1,064 4,668 1,010 779 568 0 -14.9% -37.4% -51.5% -100.0% 1,188 1,010 -14.9% 2,432 1,789 -26.4% 3,603 2,357 -34.6% 4,668 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 898 1,212 197 101 98 280 677 189 138 218 0 -4.4% 36.6% 122.4% -100.0% 197 189 -4.4% 299 327 9.5% 397 546 37.4% 677 0 -100.0%
Reinsurers' share 144 91 32 3 23 15 73 31 4 59 0 -2.3% 54.5% 154.2% -100.0% 32 31 -2.3% 34 35 1.8% 58 94 63.0% 73 0 -100.0%
Acquisition costs and administrative expenses (net) -754 -1,121 -165 -99 -75 -265 -604 -158 -135 -160 0 -4.8% 36.1% 112.7% -100.0% -165 -158 -4.8% -264 -292 10.5% -339 -452 33.1% -604 0 -100.0%
8. Other technical income 15 26 7 1 2 3 13 7 -1 4 0 4.5% -206.7% 81.3% -100.0% 7 7 4.5% 8 7 -10.6% 10 11 11.6% 13 0 -100.0%
Other technical expenses 14 30 5 31 -28 -0 7 -3 -4 5 0 -166.5% -114.1% -116.3% -100.0% 5 -3 -166.5% 36 -7 -120.9% 8 -3 -137.9% 7 0 -100.0%
Other technical result 1 -3 2 -30 30 3 5 10 4 -0 0 342.2% -112.4% -100.6% -100.0% 2 10 342.2% -28 14 -150.6% 2 14 498.3% 5 0 -100.0%
Net technical result -1,602 -1,792 -544 -496 -380 -353 -1,772 -336 -100 -100 0 -38.3% -79.9% -73.7% -100.0% -544 -336 -38.3% -1,040 -435 -58.1% -1,419 -535 -62.3% -1,772 0 -100.0%
9a. Investment income 2,091 2,358 678 579 522 524 2,303 548 408 346 0 -19.1% -29.5% -33.6% -100.0% 678 548 -19.1% 1,257 957 -23.9% 1,779 1,303 -26.8% 2,303 0 -100.0%
9b. Investment expenses 293 443 67 71 61 91 290 166 237 199 0 149.6% 234.3% 225.3% -100.0% 67 166 149.6% 138 404 193.3% 199 603 203.1% 290 0 -100.0%
Net income from assets under own management 1,798 1,915 612 508 460 433 2,013 382 171 147 0 -37.5% -66.4% -68.0% -100.0% 612 382 -37.5% 1,120 553 -50.6% 1,580 700 -55.7% 2,013 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net interest income from funds withheld and contract deposits -11 -12 -3 -3 -3 -3 -11 -3 -3 -2 0 -8.4% 2.0% -21.9% -100.0% -3 -3 -8.4% -6 -5 -3.5% -8 -8 -9.7% -11 0 -100.0%
Net investment income 1,786 1,903 609 505 458 431 2,002 379 168 145 0 -37.7% -66.8% -68.3% -100.0% 609 379 -37.7% 1,114 547 -50.9% 1,572 692 -55.9% 2,002 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures -0 -0 0 5 1 -0 6 0 1 1 0 1676.8% -89.5% -59.0% -100.0% 0 0 1676.8% 5 1 -86.0% 6 1 -80.8% 6 0 -100.0%
10a. Other income 184 191 49 31 50 62 192 43 57 62 0 -13.0% 84.6% 22.5% -100.0% 49 43 -13.0% 80 99 24.3% 130 161 23.6% 192 0 -100.0%
10b. Other expenses 237 232 58 41 49 92 240 42 71 64 0 -27.3% 74.9% 30.9% -100.0% 58 42 -27.3% 98 113 14.8% 147 177 20.2% 240 0 -100.0%
Other income/expenses -53 -41 -8 -10 1 -30 -47 1 -14 -3 0 -111.8% 44.8% -287.1% -100.0% -8 1 -111.8% -18 -13 -26.9% -17 -16 -6.2% -47 0 -100.0%
Profit before goodwill impairments 131 70 56 -0 79 47 183 45 54 43 0 -20.3% -31869.6% -46.1% -100.0% 56 45 -20.3% 56 98 76.2% 135 141 4.4% 183 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Operating profit/loss (EBIT) 131 70 56 -0 79 47 183 45 54 43 0 -20.3% -31869.6% -46.1% -100.0% 56 45 -20.3% 56 98 76.2% 135 141 4.4% 183 0 -100.0%
Retention ratio 93.9% 93.9% 93.6% 94.1% 93.9% 94.8% 94.1% 93.9% 94.1% 82.5% 0.0% 0.3% 0.0% -11.5% -94.8% pts. 93.6% 93.9% 0.3% pts. 93.9% 94.0% 0.1% pts. 93.9% 90.5% -3.4% pts. 94.1% 0.0% -94.1% pts.
Net retuon investment 3.7% 3.7% 4.6% 3.9% 3.5% 3.3% 3.8% 3.0% 1.4% 1.3% 3.3% -1.6% -2.5% -2.3% 0.0% pts. 4.6% 3.0% -1.6% pts. 4.2% 2.2% -2.0% pts. 4.0% 1.9% -2.1% pts. 3.8% 3.8% 0.0% pts.
EBIT margin 3.8% 2.1% 6.9% -0.0% 9.5% 4.9% 5.2% 5.4% 6.6% 6.8% 0.0% -1.5% 6.7% -2.7% -4.9% pts. 6.9% 5.4% -1.5% pts. 3.3% 6.0% 2.7% pts. 5.4% 6.2% 0.9% pts. 5.2% 0.0% -5.2% pts.

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Retail International P&L

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Retail International FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 6,111 5,527 1,519 1,532 1,489 1,586 6,127 1,665 1,771 1,708 0 9.6% 15.6% 14.7% -100.0% 1,519 1,665 9.6% 3,052 3,436 12.6% 4,541 5,144 13.3% 6,127 0 -100.0%
of which attributable to other divisions/segments 1 1 0 0 0 0 1 0 0 1 0 -17.9% -39.7% 176.5% -100.0% 0 0 -17.9% 1 0 -32.6% 1 1 42.0% 1 0 -100.0%
of which attributable to third parties 6,110 5,526 1,519 1,532 1,489 1,586 6,126 1,665 1,771 1,707 0 9.6% 15.6% 14.7% -100.0% 1,519 1,665 9.6% 3,051 3,436 12.6% 4,540 5,143 13.3% 6,126 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 113 69 43 40 11 12 107 12 15 11 0 -72.3% -62.8% -7.2% -100.0% 43 12 -72.3% 84 27 -67.7% 95 38 -60.5% 107 0 -100.0%
3. Ceded written premiums 485 471 166 137 142 155 601 204 161 186 0 23.1% 17.4% 30.6% -100.0% 166 204 23.1% 303 365 20.5% 445 551 23.7% 601 0 -100.0%
4. Change in gross unearned premiums -203 -48 -45 -27 -36 -163 -271 -138 -97 -108 0 204.4% 256.0% 205.0% -100.0% -45 -138 204.4% -73 -236 223.7% -108 -344 217.6% -271 0 -100.0%
5. Change in ceded unearned premiums -33 -11 -45 7 8 -5 -35 -60 -0 -6 0 34.2% -100.4% -175.0% -100.0% -45 -60 34.2% -38 -60 59.0% -30 -66 118.7% -35 0 -100.0%
Net premiums earned 5,343 4,950 1,309 1,321 1,293 1,261 5,183 1,370 1,498 1,409 0 4.7% 13.4% 9.0% -100.0% 1,309 1,370 4.7% 2,630 2,868 9.1% 3,923 4,277 9.0% 5,183 0 -100.0%
6. Claims and claims expenses (gross) 4,415 3,997 1,073 1,052 1,062 1,031 4,219 1,097 1,283 1,166 0 2.2% 22.0% 9.8% -100.0% 1,073 1,097 2.2% 2,125 2,380 12.0% 3,187 3,546 11.3% 4,219 0 -100.0%
Reinsurers' share 353 315 68 82 108 94 351 92 137 139 0 36.1% 67.4% 28.8% -100.0% 68 92 36.1% 150 229 53.2% 257 368 43.0% 351 0 -100.0%
Claims and claims expenses (net) 4,063 3,683 1,005 970 955 938 3,868 1,004 1,146 1,028 0 -0.1% 18.2% 7.6% -100.0% 1,005 1,004 -0.1% 1,975 2,151 8.9% 2,930 3,178 8.5% 3,868 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 1,293 1,271 308 333 353 343 1,337 349 377 399 0 13.4% 13.2% 13.1% -100.0% 308 349 13.4% 641 726 13.3% 994 1,125 13.2% 1,337 0 -100.0%
Reinsurers' share 95 91 29 31 30 36 126 28 30 37 0 -4.5% -0.4% 24.9% -100.0% 29 28 -4.5% 60 58 -2.4% 90 96 6.7% 126 0 -100.0%
Acquisition costs and administrative expenses (net) 1,198 1,180 279 302 323 307 1,212 321 346 362 0 15.3% 14.5% 12.0% -100.0% 279 321 15.3% 581 668 14.9% 904 1,030 13.9% 1,212 0 -100.0%
8. Other technical income 35 34 7 8 9 9 33 9 16 11 0 21.3% 105.6% 30.2% -100.0% 7 9 21.3% 15 25 66.1% 24 36 52.8% 33 0 -100.0%
Other technical expenses 84 82 19 23 20 29 91 22 24 25 0 16.2% 2.7% 24.0% -100.0% 19 22 16.2% 42 46 8.8% 62 70 13.7% 91 0 -100.0%
Other technical result -49 -47 -12 -15 -11 -19 -58 -13 -7 -13 0 13.1% -52.1% 19.1% -100.0% -12 -13 13.1% -27 -21 -23.3% -38 -34 -10.8% -58 0 -100.0%
Net technical result 33 41 14 33 4 -4 46 31 -2 6 0 129.4% -106.7% 77.8% -100.0% 14 31 129.4% 47 29 -37.8% 50 35 -29.5% 46 0 -100.0%
9a. Investment income 427 475 109 113 102 116 440 138 134 150 0 26.1% 19.1% 46.7% -100.0% 109 138 26.1% 222 272 22.5% 324 422 30.1% 440 0 -100.0%
9b. Investment expenses 45 147 13 16 19 20 67 38 43 45 0 201.4% 172.3% 138.5% -100.0% 13 38 201.4% 28 81 185.2% 47 125 166.6% 67 0 -100.0%
Net income from assets under own management 382 328 97 97 83 96 373 100 92 105 0 3.3% -5.7% 26.0% -100.0% 97 100 3.3% 194 191 -1.2% 277 297 7.0% 373 0 -100.0%
Net income from investment contracts 3 0 1 0 1 1 3 1 1 -1 0 15.7% 177.6% -175.3% -100.0% 1 1 15.7% 2 3 64.6% 3 2 -30.4% 3 0 -100.0%
Net interest income from funds withheld and contract deposits -4 -2 -1 -0 -1 -0 -2 -0 -0 -1 0 -3.7% -14.7% -3.4% -100.0% -1 -0 -3.7% -1 -1 -9.0% -2 -1 -7.0% -2 0 -100.0%
Net investment income 381 326 97 97 84 96 374 101 93 104 0 3.5% -4.7% 23.7% -100.0% 97 101 3.5% 194 193 -0.6% 278 297 6.7% 374 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 0 0 0 0 -0 0 0 0 0 0 0 n/a n/a -100.0% -100.0% 0 0 n/a 0 0 n/a -0 0 -100.0% 0 0 n/a
10a. Other income 76 141 79 -12 49 72 188 41 92 96 0 -48.0% -892.7% 97.1% -100.0% 79 41 -48.0% 68 133 97.5% 116 229 97.3% 188 0 -100.0%
10b. Other expenses 207 242 103 33 82 98 315 87 105 124 0 -15.5% 217.6% 50.9% -100.0% 103 87 -15.5% 136 192 41.0% 218 315 44.7% 315 0 -100.0%
Other income/expenses -131 -101 -24 -45 -33 -25 -127 -46 -12 -28 0 93.2% -72.2% -16.8% -100.0% -24 -46 93.2% -68 -58 -14.9% -101 -86 -15.5% -127 0 -100.0%
Profit before goodwill impairments 283 266 87 86 54 67 294 86 78 82 0 -1.2% -8.8% 52.2% -100.0% 87 86 -1.2% 173 164 -5.0% 227 247 8.7% 294 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 -0 0 0 n/a n/a n/a n/a 0 0 n/a 0 -0 n/a 0 -0 n/a 0 0 n/a
Operating profit/loss (EBIT) 283 266 87 86 54 67 294 86 78 82 0 -1.2% -8.8% 52.2% -100.0% 87 86 -1.2% 173 164 -5.0% 227 247 8.7% 294 0 -100.0%
Financing costs 12 17 2 2 2 -4 2 -0 -1 4 0 -118.7% -163.8% 62.0% -100.0% 2 -0 -118.7% 4 -2 -145.7% 6 2 -68.8% 2 0 -100.0%
Taxes on income 65 56 24 24 13 6 66 27 17 21 0 15.2% -29.4% 60.9% -100.0% 24 27 15.2% 48 44 -7.1% 60 65 7.4% 66 0 -100.0%
Net income 205 193 62 60 39 64 225 59 63 58 0 -4.6% 5.3% 48.8% -100.0% 62 59 -4.6% 121 122 0.2% 160 180 12.0% 225 0 -100.0%
attributable to non-controlling interests 41 33 8 9 8 11 36 13 13 13 0 65.0% 41.5% 66.0% -100.0% 8 13 65.0% 17 26 52.4% 25 40 56.7% 36 0 -100.0%
attributable to shareholders of Talanx AG 164 160 54 50 31 54 189 46 50 45 0 -15.1% -1.4% 44.4% -100.0% 54 46 -15.1% 104 95 -8.5% 135 140 3.7% 189 0 -100.0%
Retention ratio 91.9% 91.4% 88.8% 90.8% 90.4% 90.1% 90.0% 87.7% 90.8% 89.1% 0.0% -1.1% 0.0% -1.3% -90.1% pts. 88.8% 87.7% -1.1% pts. 89.8% 89.3% -0.5% pts. 90.0% 89.2% -0.8% pts. 90.0% 0.0% -90.0% pts.
Net expense ratio (property/casualty) 29.6% 30.5% 29.8% 30.1% 30.9% 30.1% 30.2% 30.0% 30.1% 28.7% 0.0% 0.2% -0.0% -2.2% -30.1% pts. 29.8% 30.0% 0.2% pts. 30.0% 30.1% 0.1% pts. 30.3% 29.6% -0.7% pts. 30.2% 0.0% -30.2% pts.
Net loss ratio (property/casualty) 65.8% 64.7% 64.0% 61.7% 66.0% 66.1% 64.5% 64.0% 68.8% 68.8% 0.0% -0.0% 7.1% 2.8% -66.1% pts. 64.0% 64.0% -0.0% pts. 62.8% 66.5% 3.7% pts. 63.9% 67.3% 3.4% pts. 64.5% 0.0% -64.5% pts.
Net combined ratio (property/casualty) 95.5% 95.2% 93.9% 91.8% 97.0% 96.2% 94.8% 94.0% 98.9% 97.6% 0.0% 0.2% 7.1% 0.6% -96.2% pts. 93.9% 94.0% 0.2% pts. 92.8% 96.6% 3.8% pts. 94.3% 96.9% 2.7% pts. 94.8% 0.0% -94.8% pts.
Net retuon investment 3.3% 2.6% 2.9% 2.8% 2.4% 2.8% 2.8% 3.1% 2.9% 3.5% 2.8% 0.1% 0.1% 1.1% 0.0% pts. 2.9% 3.1% 0.1% pts. 2.8% 3.0% 0.2% pts. 2.7% 3.2% 0.4% pts. 2.8% 2.8% 0.0% pts.
EBIT margin 5.3% 5.4% 6.7% 6.5% 4.2% 5.3% 5.7% 6.3% 5.2% 5.9% 0.0% -0.4% -1.3% 1.7% -5.3% pts. 6.7% 6.3% -0.4% pts. 6.6% 5.7% -0.8% pts. 5.8% 5.8% -0.0% pts. 5.7% 0.0% -5.7% pts.
Tax ratio 24.2% 22.3% 27.8% 28.5% 24.8% 8.3% 22.8% 31.8% 21.1% 26.2% ERROR:#DIV/0! 4.0% -7.4% 1.5% ERROR:#DIV/0! pts. 27.8% 31.8% 4.0% pts. 28.2% 26.7% -1.5% pts. 27.4% 26.5% -0.8% pts. 22.8% ERROR:#DIV/0! ERROR:#DIV/0! pts.
Retuon equity 8.2% 7.3% 9.3% 8.7% 5.3% 9.5% 8.4% 8.4% 9.9% 10.0% 9.5% -0.9% 1.2% 4.6% 0.0% pts. 9.3% 8.4% -0.9% pts. 8.9% 9.4% 0.5% pts. 7.8% 9.5% 1.8% pts. 8.4% 8.4% 0.0% pts.

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Retail Int. P&C & Life split

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2021 vs. 6M 2020 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Retail International FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 6,111 5,527 1,519 1,532 1,489 1,586 6,127 1,665 1,771 1,708 0 9.6% 15.6% 14.7% -100.0% 1,519 1,665 9.6% 3,052 3,436 12.6% 4,541 5,144 13.3% 6,127 0 -100.0%
Property/Casualty 4,092 3,776 965 1,039 1,091 1,203 4,298 1,234 1,283 1,406 0 27.8% 23.4% 28.8% -100.0% 965 1,234 27.8% 2,005 2,517 25.5% 3,096 3,922 26.7% 4,298 0 -100.0%
Life 2,018 1,750 554 493 398 383 1,829 431 488 303 0 -22.2% -0.9% -24.1% -100.0% 554 431 -22.2% 1,047 919 -12.2% 1,446 1,222 -15.5% 1,829 0 -100.0%
Net premiums earned 5,343 4,950 1,309 1,321 1,293 1,261 5,183 1,370 1,498 1,409 0 4.7% 13.4% 9.0% -100.0% 1,309 1,370 4.7% 2,630 2,868 9.1% 3,923 4,277 9.0% 5,183 0 -100.0%
Property/Casualty 3,471 3,275 800 868 906 891 3,465 953 1,024 1,118 0 19.0% 18.0% 23.4% -100.0% 800 953 19.0% 1,668 1,976 18.5% 2,574 3,094 20.2% 3,465 0 -100.0%
Life 1,871 1,675 509 453 387 370 1,719 418 474 292 0 -17.9% 4.6% -24.6% -100.0% 509 418 -17.9% 962 892 -7.3% 1,349 1,183 -12.3% 1,719 0 -100.0%
Net technical result 33 41 14 33 4 -4 46 31 -2 6 0 129.4% -106.7% 77.8% -100.0% 14 31 129.4% 47 29 -37.8% 50 35 -29.5% 46 0 -100.0%
Property/Casualty 160 160 50 71 28 34 183 57 11 28 0 15.4% -84.1% -0.4% -100.0% 50 57 15.4% 121 69 -43.2% 149 96 -35.2% 183 0 -100.0%
Life -127 -119 -36 -38 -24 -38 -136 -26 -14 -21 0 -27.6% -64.6% -12.1% -100.0% -36 -26 -27.6% -74 -40 -46.7% -99 -61 -38.2% -136 0 -100.0%
Other 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net investment income 381 326 97 97 84 96 374 101 93 104 0 3.5% -4.7% 23.7% -100.0% 97 101 3.5% 194 193 -0.6% 278 297 6.7% 374 0 -100.0%
Property/Casualty 200 159 49 46 43 43 181 59 65 68 0 22.3% 40.8% 55.5% -100.0% 49 59 22.3% 94 124 31.3% 138 192 38.9% 181 0 -100.0%
Life 188 175 51 53 42 55 201 43 30 37 0 -14.8% -44.4% -12.7% -100.0% 51 43 -14.8% 104 73 -30.0% 146 110 -25.0% 201 0 -100.0%
Other -7 -7 -2 -2 -2 -2 -8 -2 -2 -1 0 -2.2% -20.4% n.m. -100.0% -2 -2 -2.2% -4 -4 -11.5% -6 -4 n.m. -8 0 -100.0%

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Retail International CEE P&L

Consolidated statement of income by division / reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2021 vs. Q4 2020 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Retail International - Central and EasteEurope FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 4,359 4,100 1,183 1,174 1,082 1,156 4,594 1,220 1,283 1,170 0 3.1% 9.3% 8.1% -100.0% 1,183 1,220 3.1% 2,356 2,503 6.2% 3,438 3,672 6.8% 4,594 0 -100.0%
of which attributable to other divisions/segments 1 1 0 0 0 0 1 0 0 1 0 -17.9% -39.7% 176.5% -100.0% 0 0 -17.9% 1 0 -32.6% 1 1 42.0% 1 0 -100.0%
of which attributable to third parties 4,358 4,099 1,183 1,173 1,081 1,156 4,593 1,219 1,283 1,169 0 3.1% 9.3% 8.1% -100.0% 1,183 1,219 3.1% 2,356 2,502 6.2% 3,437 3,671 6.8% 4,593 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 113 69 43 40 11 12 107 12 15 11 0 -72.3% -62.8% -7.2% -100.0% 43 12 -72.3% 84 27 -67.7% 95 38 -60.5% 107 0 -100.0%
3. Ceded written premiums 312 285 120 86 82 98 386 150 101 119 0 24.7% 17.4% 45.7% -100.0% 120 150 24.7% 206 251 21.6% 288 370 28.5% 386 0 -100.0%
4. Change in gross unearned premiums -134 -51 -56 -25 5 -111 -187 -109 -71 -65 0 95.2% 186.1% -1292.1% -100.0% -56 -109 95.2% -81 -180 123.2% -75 -245 225.6% -187 0 -100.0%
5. Change in ceded unearned premiums -26 -0 -48 9 16 -2 -25 -62 0 -3 0 29.7% -97.1% -120.6% -100.0% -48 -62 29.7% -39 -62 58.1% -23 -65 186.9% -25 0 -100.0%
Net premiums earned 3,827 3,695 1,011 1,014 977 938 3,939 1,010 1,096 978 0 -0.1% 8.1% 0.1% -100.0% 1,011 1,010 -0.1% 2,024 2,106 4.0% 3,002 3,084 2.7% 3,939 0 -100.0%
6. Claims and claims expenses (gross) 3,219 3,061 859 840 809 780 3,288 844 964 834 0 -1.7% 14.7% 3.1% -100.0% 859 844 -1.7% 1,698 1,808 6.5% 2,507 2,642 5.4% 3,288 0 -100.0%
Reinsurers' share 195 205 46 64 61 70 242 66 98 95 0 44.2% 52.0% 54.2% -100.0% 46 66 44.2% 110 163 48.7% 171 258 50.7% 242 0 -100.0%
Claims and claims expenses (net) 3,023 2,856 813 775 748 710 3,046 779 866 739 0 -4.2% 11.7% -1.1% -100.0% 813 779 -4.2% 1,588 1,644 3.5% 2,336 2,384 2.0% 3,046 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 779 808 196 218 234 222 871 217 227 246 0 10.5% 4.1% 5.2% -100.0% 196 217 10.5% 414 444 7.2% 648 690 6.4% 871 0 -100.0%
Reinsurers' share 61 60 19 21 22 26 88 17 18 26 0 -9.9% -12.8% 19.0% -100.0% 19 17 -9.9% 40 35 -11.4% 61 61 -0.6% 88 0 -100.0%
Acquisition costs and administrative expenses (net) 718 748 178 197 212 196 783 200 209 220 0 12.7% 5.9% 3.8% -100.0% 178 200 12.7% 375 409 9.1% 587 629 7.2% 783 0 -100.0%
8. Other technical income 12 14 2 3 4 4 14 3 10 5 0 39.5% 228.5% 38.6% -100.0% 2 3 39.5% 6 14 146.0% 9 19 104.5% 14 0 -100.0%
Other technical expenses 63 68 15 20 16 21 72 18 20 20 0 19.0% 0.9% 25.2% -100.0% 15 18 19.0% 35 38 8.7% 51 58 14.0% 72 0 -100.0%
Other technical result -50 -55 -13 -16 -13 -16 -58 -14 -9 -15 0 15.0% -43.0% 21.4% -100.0% -13 -14 15.0% -29 -24 -17.8% -42 -39 -5.9% -58 0 -100.0%
Net technical result 35 37 8 25 5 15 52 17 12 3 0 123.0% -52.7% -33.9% -100.0% 8 17 123.0% 32 29 -11.1% 37 32 -14.1% 52 0 -100.0%
9a. Investment income 349 421 94 99 86 95 374 115 105 118 0 23.2% 5.7% 37.6% -100.0% 94 115 23.2% 193 220 14.2% 279 338 21.4% 374 0 -100.0%
9b. Investment expenses 32 130 9 12 14 15 49 29 39 39 0 238.6% 226.2% 183.2% -100.0% 9 29 238.6% 20 68 231.4% 34 107 212.1% 49 0 -100.0%
Net income from assets under own management 318 291 85 87 72 80 325 86 66 79 0 1.3% -24.4% 10.0% -100.0% 85 86 1.3% 172 152 -11.7% 244 231 -5.3% 325 0 -100.0%
Net income from investment contracts 3 0 1 0 1 1 3 1 1 -1 0 15.7% 177.6% -175.3% -100.0% 1 1 15.7% 2 3 64.6% 3 2 -30.4% 3 0 -100.0%
Net interest income from funds withheld and contract deposits -4 -2 -1 -0 -1 -0 -2 -0 -0 -1 0 -3.7% -14.7% -3.4% -100.0% -1 -0 -3.7% -1 -1 -9.0% -2 -1 -7.0% -2 0 -100.0%
Net investment income 317 290 86 87 73 81 326 87 67 78 0 1.5% -23.3% 7.4% -100.0% 86 87 1.5% 173 154 -11.0% 245 232 -5.5% 326 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 0 0 0 0 -0 0 0 0 0 0 0 n/a n/a -100.0% -100.0% 0 0 n/a 0 0 n/a -0 0 -100.0% 0 0 n/a
10a. Other income 49 110 71 -16 42 65 163 53 68 85 0 -26.1% -527.8% 100.5% -100.0% 71 53 -26.1% 55 98 78.0% 98 183 87.8% 163 0 -100.0%
10b. Other expenses 119 164 86 16 66 71 239 62 75 92 0 -27.6% 378.2% 39.9% -100.0% 86 62 -27.6% 102 138 35.4% 168 230 37.2% 239 0 -100.0%
Other income/expenses -71 -54 -15 -32 -23 -6 -76 -10 -7 -7 0 -34.8% -77.9% -69.4% -100.0% -15 -10 -34.8% -46 -39 -15.4% -70 -46 -33.6% -76 0 -100.0%
Profit before goodwill impairments 281 273 79 80 54 90 303 94 71 74 0 20.1% -10.7% 37.1% -100.0% 79 94 20.1% 159 143 -9.7% 213 217 2.2% 303 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 -0 0 0 n/a n/a n/a n/a 0 0 n/a 0 -0 n/a 0 -0 n/a 0 0 n/a
Operating profit/loss (EBIT) 281 273 79 80 54 90 303 94 71 74 0 20.1% -10.7% 37.1% -100.0% 79 94 20.1% 159 143 -9.7% 213 217 2.2% 303 0 -100.0%

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Retail International LatAm P&L

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Retail International - Latin America FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 1,752 1,427 337 359 408 430 1,533 445 488 538 0 32.3% 36.0% 32.1% -100.0% 337 445 32.3% 696 934 34.2% 1,103 1,472 33.4% 1,533 0 -100.0%
of which attributable to other divisions/segments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
of which attributable to third parties 1,752 1,427 337 359 408 430 1,533 445 488 538 0 32.3% 36.0% 32.1% -100.0% 337 445 32.3% 696 934 34.2% 1,103 1,472 33.4% 1,533 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
3. Ceded written premiums 173 186 45 51 60 57 214 54 60 66 0 18.8% 17.3% 10.2% -100.0% 45 54 18.8% 97 114 18.0% 157 180 15.0% 214 0 -100.0%
4. Change in gross unearned premiums -69 3 10 -2 -41 -52 -85 -29 -26 -43 0 -379.5% 953.1% 5.7% -100.0% 10 -29 -379.5% 8 -55 -796.3% -33 -99 199.4% -85 0 -100.0%
5. Change in ceded unearned premiums -7 -11 3 -2 -9 -3 -10 2 -0 -2 0 -32.4% -84.5% -72.8% -100.0% 3 2 -32.4% 1 2 34.4% -7 -0 -93.6% -10 0 -100.0%
Net premiums earned 1,516 1,255 299 307 315 323 1,244 360 402 431 0 20.6% 31.0% 36.8% -100.0% 299 360 20.6% 606 762 25.9% 921 1,193 29.6% 1,244 0 -100.0%
6. Claims and claims expenses (gross) 1,169 902 214 212 253 251 931 282 320 332 0 31.7% 50.7% 31.1% -100.0% 214 282 31.7% 427 602 41.1% 680 934 37.4% 931 0 -100.0%
Reinsurers' share 158 110 22 18 46 23 109 27 39 44 0 19.8% 124.1% -5.1% -100.0% 22 27 19.8% 40 66 65.7% 86 110 27.6% 109 0 -100.0%
Claims and claims expenses (net) 1,011 792 192 195 207 228 822 256 281 288 0 33.1% 44.1% 39.2% -100.0% 192 256 33.1% 387 536 38.6% 594 825 38.8% 822 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 514 463 112 115 119 121 467 132 150 153 0 18.4% 30.3% 28.8% -100.0% 112 132 18.4% 227 282 24.4% 346 435 25.9% 467 0 -100.0%
Reinsurers' share 34 31 11 9 8 10 38 11 12 12 0 4.8% 27.5% 40.6% -100.0% 11 11 4.8% 20 23 15.4% 28 35 22.8% 38 0 -100.0%
Acquisition costs and administrative expenses (net) 481 432 101 105 111 111 429 121 138 142 0 19.8% 30.6% 27.9% -100.0% 101 121 19.8% 207 259 25.3% 317 401 26.2% 429 0 -100.0%
8. Other technical income 22 21 5 5 5 5 20 5 6 7 0 11.6% 24.8% 24.5% -100.0% 5 5 11.6% 9 11 18.4% 15 18 20.6% 20 0 -100.0%
Other technical expenses 21 14 4 3 4 8 19 4 4 5 0 5.0% 13.4% 19.0% -100.0% 4 4 5.0% 7 8 8.9% 11 12 12.4% 19 0 -100.0%
Other technical result 2 7 1 1 1 -3 1 1 2 2 0 46.0% 51.4% 39.3% -100.0% 1 1 46.0% 2 3 49.6% 4 5 45.5% 1 0 -100.0%
Net technical result 26 39 6 8 -1 -19 -6 -16 -14 3 0 -366.4% -267.5% -357.0% -100.0% 6 -16 -366.4% 14 -30 -308.9% 13 -27 -304.2% -6 0 -100.0%
9a. Investment income 78 55 15 14 16 20 66 22 30 31 0 43.6% 114.6% 90.8% -100.0% 15 22 43.6% 29 52 77.3% 46 83 82.1% 66 0 -100.0%
9b. Investment expenses 7 11 2 2 3 3 10 7 2 4 0 229.7% 25.3% 35.7% -100.0% 2 7 229.7% 4 9 130.6% 7 13 88.9% 10 0 -100.0%
Net income from assets under own management 71 43 13 12 13 17 55 15 27 27 0 15.4% 128.8% 103.8% -100.0% 13 15 15.4% 25 43 69.0% 38 70 80.8% 55 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net interest income from funds withheld and contract deposits 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net investment income 71 43 13 12 13 17 55 15 27 27 0 15.4% 128.8% 103.8% -100.0% 13 15 15.4% 25 43 69.0% 38 70 80.8% 55 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
10a. Other income 26 26 6 6 5 7 23 10 7 9 0 84.6% 17.6% 99.4% -100.0% 6 10 84.6% 12 18 49.9% 16 27 64.1% 23 0 -100.0%
10b. Other expenses 72 64 14 13 13 18 58 19 24 27 0 40.0% 88.3% 110.5% -100.0% 14 19 40.0% 26 43 63.1% 39 70 78.7% 58 0 -100.0%
Other income/expenses -47 -38 -8 -6 -8 -12 -34 -9 -17 -18 0 8.6% 154.4% 116.9% -100.0% -8 -9 8.6% -15 -25 73.8% -23 -43 89.3% -34 0 -100.0%
Profit before goodwill impairments 50 44 11 14 4 -13 15 -9 -3 12 0 -180.4% -120.9% 232.1% -100.0% 11 -9 -180.4% 25 -12 -147.7% 29 0 -99.6% 15 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Operating profit/loss (EBIT) 50 44 11 14 4 -13 15 -9 -3 12 0 -180.4% -120.9% 232.1% -100.0% 11 -9 -180.4% 25 -12 -147.7% 29 0 -99.6% 15 0 -100.0%

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Reinsurance P&L

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Reinsurance FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 22,598 24,770 7,809 6,655 7,155 6,143 27,762 9,333 8,009 8,909 0 19.5% 20.3% 24.5% -100.0% 7,809 9,333 19.5% 14,465 17,342 19.9% 21,620 26,251 21.4% 27,762 0 -100.0%
of which attributable to other divisions/segments 1,513 1,807 646 415 391 495 1,947 600 336 338 0 -7.2% -19.0% -13.4% -100.0% 646 600 -7.2% 1,062 937 -11.8% 1,453 1,275 -12.2% 1,947 0 -100.0%
of which attributable to third parties 21,084 22,963 7,163 6,240 6,764 5,648 25,815 8,733 7,672 8,571 0 21.9% 23.0% 26.7% -100.0% 7,163 8,733 21.9% 13,403 16,406 22.4% 20,167 24,976 23.8% 25,815 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
3. Ceded written premiums 2,252 2,443 663 722 828 693 2,905 745 829 879 0 12.4% 14.8% 6.2% -100.0% 663 745 12.4% 1,385 1,574 13.6% 2,213 2,453 10.9% 2,905 0 -100.0%
4. Change in gross unearned premiums -637 -1,028 -1,507 -155 -243 1,168 -738 -1,948 -167 -235 0 29.2% 7.9% -3.6% -100.0% -1,507 -1,948 29.2% -1,662 -2,115 27.2% -1,906 -2,350 23.3% -738 0 -100.0%
5. Change in ceded unearned premiums -21 -61 -54 -44 -34 108 -24 -69 -44 -23 0 28.9% -0.6% -32.3% -100.0% -54 -69 28.9% -98 -113 15.6% -132 -136 3.1% -24 0 -100.0%
Net premiums earned 19,730 21,361 5,693 5,822 6,118 6,510 24,143 6,710 7,057 7,819 0 17.9% 21.2% 27.8% -100.0% 5,693 6,710 17.9% 11,515 13,767 19.6% 17,634 21,585 22.4% 24,143 0 -100.0%
6. Claims and claims expenses (gross) 16,221 18,300 4,710 4,545 5,846 5,817 20,917 5,557 5,371 6,217 0 18.0% 18.2% 6.3% -100.0% 4,710 5,557 18.0% 9,254 10,928 18.1% 15,101 17,145 13.5% 20,917 0 -100.0%
Reinsurers' share 1,561 1,621 376 361 1,003 858 2,598 487 215 382 0 29.5% -40.3% -61.9% -100.0% 376 487 29.5% 737 703 -4.7% 1,740 1,085 -37.7% 2,598 0 -100.0%
Claims and claims expenses (net) 14,660 16,679 4,333 4,184 4,844 4,959 18,319 5,069 5,156 5,835 0 17.0% 23.2% 20.5% -100.0% 4,333 5,069 17.0% 8,517 10,225 20.1% 13,361 16,060 20.2% 18,319 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 5,555 5,857 1,511 1,654 1,565 1,862 6,592 1,878 2,013 2,114 0 24.3% 21.7% 35.1% -100.0% 1,511 1,878 24.3% 3,165 3,891 22.9% 4,730 6,005 27.0% 6,592 0 -100.0%
Reinsurers' share 266 264 47 72 61 109 288 80 103 83 0 70.6% 44.3% 36.7% -100.0% 47 80 70.6% 119 184 54.8% 180 267 48.6% 288 0 -100.0%
Acquisition costs and administrative expenses (net) 5,289 5,594 1,464 1,582 1,504 1,753 6,304 1,798 1,910 2,030 0 22.8% 20.7% 35.0% -100.0% 1,464 1,798 22.8% 3,046 3,708 21.7% 4,550 5,738 26.1% 6,304 0 -100.0%
8. Other technical income 3 0 0 0 0 0 0 0 0 0 0 -100.0% -100.0% n/a -100.0% 0 0 -100.0% 0 0 -100.0% 0 0 n/a 0 0 -100.0%
Other technical expenses 9 5 -0 2 -2 5 5 -1 6 10 0 255.9% 272.6% -552.5% -100.0% -0 -1 255.9% 2 6 274.1% -1 16 -2856.3% 5 0 -100.0%
Other technical result -5 -5 0 -2 2 -5 -5 1 -6 -10 0 148.0% 283.6% -552.3% -100.0% 0 1 148.0% -1 -6 302.6% 1 -16 -2399.5% -5 0 -100.0%
Net technical result -224 -917 -105 55 -227 -207 -484 -156 -16 -56 0 49.1% -129.0% -75.2% -100.0% -105 -156 49.1% -50 -172 245.5% -277 -229 -17.4% -484 0 -100.0%
9a. Investment income 1,873 1,831 459 486 575 694 2,213 629 605 587 0 36.9% 24.6% 2.2% -100.0% 459 629 36.9% 945 1,234 30.6% 1,520 1,822 19.9% 2,213 0 -100.0%
9b. Investment expenses 304 355 143 98 125 168 534 194 173 212 0 35.5% 76.9% 69.1% -100.0% 143 194 35.5% 241 367 52.3% 366 579 58.1% 534 0 -100.0%
Net income from assets under own management 1,569 1,476 317 387 449 526 1,679 436 432 376 0 37.6% 11.4% -16.4% -100.0% 317 436 37.6% 704 867 23.2% 1,153 1,243 7.7% 1,679 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net interest income from funds withheld and contract deposits 206 222 131 42 42 54 268 55 72 31 0 -58.0% 72.4% -28.0% -100.0% 131 55 -58.0% 172 127 -26.4% 215 157 -26.7% 268 0 -100.0%
Net investment income 1,776 1,698 447 429 492 580 1,947 490 503 406 0 9.7% 17.3% -17.4% -100.0% 447 490 9.7% 876 994 13.4% 1,368 1,400 2.3% 1,947 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 24 81 12 2 2 0 17 27 6 -10 0 119.9% 184.8% -555.9% -100.0% 12 27 119.9% 15 33 130.1% 17 23 38.3% 17 0 -100.0%
10a. Other income 630 842 267 139 159 228 793 287 297 241 0 7.6% 113.0% 51.3% -100.0% 267 287 7.6% 406 584 43.8% 565 825 45.9% 793 0 -100.0%
10b. Other expenses 363 392 200 68 98 153 520 219 256 176 0 9.1% 279.0% 79.3% -100.0% 200 219 9.1% 268 475 77.2% 366 651 77.7% 520 0 -100.0%
Other income/expenses 267 450 66 72 61 74 273 68 41 64 0 3.2% -43.3% 6.1% -100.0% 66 68 3.2% 138 109 -21.0% 199 173 -12.7% 273 0 -100.0%
Profit before goodwill impairments 1,818 1,230 408 556 326 446 1,736 402 528 414 0 -1.5% -5.0% 27.2% -100.0% 408 402 -1.5% 964 930 -3.5% 1,290 1,345 4.2% 1,736 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Operating profit/loss (EBIT) 1,818 1,230 408 556 326 446 1,736 402 528 414 0 -1.5% -5.0% 27.2% -100.0% 408 402 -1.5% 964 930 -3.5% 1,290 1,345 4.2% 1,736 0 -100.0%
Financing costs 106 110 24 26 26 27 103 27 27 26 0 12.9% 2.0% 0.2% -100.0% 24 27 12.9% 50 53 7.1% 76 80 4.7% 103 0 -100.0%
Taxes on income 394 205 66 146 106 33 352 93 91 122 0 41.4% -37.5% 14.8% -100.0% 66 93 41.4% 212 184 -13.0% 318 306 -3.7% 352 0 -100.0%
Net income 1,318 915 319 383 193 386 1,282 283 410 266 0 -11.4% 6.9% 37.7% -100.0% 319 283 -11.4% 702 693 -1.4% 895 958 7.1% 1,282 0 -100.0%
attributable to non-controlling interests 699 474 166 201 102 204 672 150 216 155 0 -9.4% 7.8% 51.6% -100.0% 166 150 -9.4% 366 366 0.0% 468 521 11.3% 672 0 -100.0%
attributable to shareholders of Talanx AG 619 442 153 183 91 182 609 133 193 111 0 -13.5% 6.0% 22.1% -100.0% 153 133 -13.5% 336 326 -2.9% 427 438 2.4% 609 0 -100.0%
Retention ratio 90.0% 90.1% 91.5% 89.2% 88.4% 88.7% 89.5% 92.0% 89.7% 90.1% 88.7% 0.5% 0.5% 1.7% 0.0% 91.5% 92.0% 0.5% pts. 90.4% 90.9% 0.5% pts. 89.8% 90.7% 0.9% pts. 89.5% 89.5% 0.0% pts.
Net expense ratio (property/casualty) 29.5% 29.1% 27.9% 30.0% 27.1% 29.8% 28.7% 28.9% 30.3% 28.0% 0.0% 1.1% 0.3% 0.9% -29.8% 27.9% 28.9% 1.1% pts. 29.0% 29.7% 0.7% pts. 28.3% 29.1% 0.7% pts. 28.7% 0.0% -28.7% pts.
Net loss ratio (property/casualty) 69.0% 72.8% 68.4% 66.1% 74.8% 67.7% 69.3% 70.6% 69.0% 71.8% 0.0% 2.2% 3.0% -3.0% -67.7% 68.4% 70.6% 2.2% pts. 67.2% 69.8% 2.6% pts. 69.9% 70.5% 0.7% pts. 69.3% 0.0% -69.3% pts.
Net combined ratio (property/casualty) 98.2% 101.6% 96.2% 95.8% 101.5% 97.2% 97.7% 99.5% 98.7% 99.7% 0.0% 3.3% 2.8% -1.8% -97.2% 96.2% 99.5% 3.3% pts. 96.0% 99.1% 3.0% pts. 97.9% 99.3% 1.4% pts. 97.7% 0.0% -97.7% pts.
Net retuon investment 3.5% 3.1% 2.5% 3.0% 3.4% 3.8% 3.2% 3.1% 3.1% 2.7% 3.8% 0.6% 0.1% -0.7% 0.0% 2.5% 3.1% 0.6% pts. 2.8% 3.1% 0.3% pts. 3.0% 2.9% -0.1% pts. 3.2% 3.2% 0.0% pts.
EBIT margin 9.2% 5.8% 7.2% 9.5% 5.3% 6.9% 7.2% 6.0% 7.5% 5.3% 6.9% -1.2% -2.1% -0.0% 0.0% 7.2% 6.0% -1.2% pts. 8.4% 6.8% -1.6% pts. 7.3% 6.2% -1.1% pts. 7.2% 7.2% 0.0% pts.
Tax ratio 23.0% 18.3% 17.1% 27.6% 35.5% 7.9% 21.5% 24.7% 18.2% 31.4% ERROR:#DIV/0! 7.7% -9.4% -4.0% ERROR:#DIV/0! 17.1% 24.7% 7.7% pts. 23.2% 21.0% -2.2% pts. 26.2% 24.2% -2.0% pts. 21.5% ERROR:#DIV/0! ERROR:#DIV/0! pts.
Retuon equity 13.3% 8.5% 11.6% 13.8% 6.8% 12.8% 10.9% 9.6% 16.1% 10.8% 12.8% -2.0% 2.4% 4.0% 0.0% 11.6% 9.6% -2.0% pts. 12.7% 12.8% 0.1% pts. 10.6% 11.9% 1.3% pts. 10.9% 10.9% 0.0% pts.

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

PC Reinsurance P&L

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Property / Casualty Reinsurance FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 14,781 16,744 5,693 4,574 5,003 3,955 19,224 7,149 5,773 6,562 0 25.6% 26.2% 31.2% -100.0% 5,693 7,149 25.6% 10,267 12,922 25.9% 15,269 19,484 27.6% 19,224 0 -100.0%
of which attributable to other divisions/segments 1,370 1,673 611 380 354 459 1,804 563 304 299 0 -7.8% -20.0% -15.5% -100.0% 611 563 -7.8% 991 868 -12.5% 1,346 1,167 -13.3% 1,804 0 -100.0%
of which attributable to third parties 13,411 15,071 5,082 4,193 4,648 3,496 17,420 6,585 5,469 6,263 0 29.6% 30.4% 34.7% -100.0% 5,082 6,585 29.6% 9,275 12,054 30.0% 13,924 18,317 31.6% 17,420 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 0 0 n/a
3. Ceded written premiums 1,434 1,628 423 468 579 431 1,901 495 583 617 0 17.2% 24.5% 6.6% -100.0% 423 495 17.2% 891 1,078 21.0% 1,470 1,695 15.4% 1,901 0 -100.0%
4. Change in gross unearned premiums -569 -974 -1,461 -165 -229 1,133 -723 -1,940 -197 -226 0 32.8% 19.0% -1.5% -100.0% -1,461 -1,940 32.8% -1,627 -2,137 31.4% -1,856 -2,363 27.3% -723 0 -100.0%
5. Change in ceded unearned premiums -20 -63 -54 -44 -35 108 -24 -69 -44 -23 0 28.9% -0.1% -32.8% -100.0% -54 -69 28.9% -98 -113 15.9% -132 -136 3.2% -24 0 -100.0%
Net premiums earned 12,798 14,205 3,863 3,984 4,229 4,548 16,624 4,782 5,037 5,742 0 23.8% 26.4% 35.8% -100.0% 3,863 4,782 23.8% 7,847 9,819 25.1% 12,076 15,562 28.9% 16,624 0 -100.0%
6. Claims and claims expenses (gross) 9,680 11,189 2,799 2,755 3,955 3,710 13,218 3,642 3,489 4,240 0 30.1% 26.7% 7.2% -100.0% 2,799 3,642 30.1% 5,554 7,131 28.4% 9,509 11,372 19.6% 13,218 0 -100.0%
Reinsurers' share 848 844 156 125 791 632 1,704 266 13 124 0 70.1% -89.5% -84.3% -100.0% 156 266 70.1% 281 279 -0.9% 1,072 403 -62.4% 1,704 0 -100.0%
Claims and claims expenses (net) 8,832 10,344 2,643 2,630 3,164 3,078 11,514 3,376 3,476 4,116 0 27.8% 32.2% 30.1% -100.0% 2,643 3,376 27.8% 5,272 6,853 30.0% 8,437 10,969 30.0% 11,514 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 3,987 4,331 1,127 1,251 1,197 1,422 4,998 1,444 1,599 1,677 0 28.2% 27.8% 40.1% -100.0% 1,127 1,444 28.2% 2,378 3,043 28.0% 3,576 4,720 32.0% 4,998 0 -100.0%
Reinsurers' share 209 196 50 56 50 66 223 60 71 67 0 18.8% 27.6% 32.6% -100.0% 50 60 18.8% 106 131 23.4% 157 198 26.4% 223 0 -100.0%
Acquisition costs and administrative expenses (net) 3,778 4,135 1,077 1,195 1,147 1,356 4,775 1,385 1,527 1,610 0 28.6% 27.8% 40.4% -100.0% 1,077 1,385 28.6% 2,272 2,912 28.2% 3,419 4,522 32.3% 4,775 0 -100.0%
8. Other technical income 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Other technical expenses 2 0 0 3 -2 2 3 1 2 7 0 184.0% -44.3% -390.0% -100.0% 0 1 184.0% 3 3 -21.8% 1 9 889.3% 3 0 -100.0%
Other technical result -2 -0 -0 -3 2 -2 -3 -1 -2 -7 0 184.0% -44.3% -390.0% -100.0% -0 -1 184.0% -3 -3 -21.8% -1 -9 889.3% -3 0 -100.0%
Net technical result 186 -274 143 155 -79 112 332 21 32 9 0 -85.6% -79.7% -111.7% -100.0% 143 21 -85.6% 299 52 -82.5% 219 61 -72.0% 332 0 -100.0%
9a. Investment income 1,292 1,249 337 387 476 493 1,693 438 455 472 0 30.0% 17.8% -0.8% -100.0% 337 438 30.0% 724 894 23.5% 1,200 1,366 13.9% 1,693 0 -100.0%
9b. Investment expenses 247 295 66 77 86 161 390 130 96 125 0 98.2% 24.7% 44.6% -100.0% 66 130 98.2% 142 226 58.6% 229 351 53.3% 390 0 -100.0%
Net income from assets under own management 1,046 954 272 310 390 332 1,303 308 360 347 0 13.5% 16.0% -10.8% -100.0% 272 308 13.5% 582 668 14.9% 971 1,016 4.6% 1,303 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net interest income from funds withheld and contract deposits 48 50 4 11 18 16 49 5 36 9 0 30.7% 223.8% -48.4% -100.0% 4 5 30.7% 15 41 177.3% 32 50 54.0% 49 0 -100.0%
Net investment income 1,093 1,005 275 321 407 348 1,352 313 396 357 0 13.8% 23.3% -12.4% -100.0% 275 313 13.8% 596 709 18.9% 1,003 1,065 6.2% 1,352 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 1 -1 -0 1 0 3 4 7 1 0 0 -3003.1% -22.4% 81.6% -100.0% -0 7 -3003.1% 1 7 1340.5% 1 7 1169.0% 4 0 -100.0%
10a. Other income 255 387 69 47 39 83 238 114 108 88 0 63.7% 130.4% 124.0% -100.0% 69 114 63.7% 116 222 90.6% 156 310 99.0% 238 0 -100.0%
10b. Other expenses 279 273 170 53 80 98 401 156 226 145 0 -8.0% 329.4% 80.7% -100.0% 170 156 -8.0% 223 382 71.9% 303 528 74.2% 401 0 -100.0%
Other income/expenses -24 115 -100 -6 -41 -15 -163 -42 -118 -57 0 -57.7% 1952.5% 39.4% -100.0% -100 -42 -57.7% -106 -161 51.4% -147 -218 48.0% -163 0 -100.0%
Profit before goodwill impairments 1,256 845 318 471 287 445 1,521 291 309 308 0 -8.5% -34.3% 7.6% -100.0% 318 291 -8.5% 789 601 -23.9% 1,076 909 -15.5% 1,521 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Operating profit/loss (EBIT) 1,256 845 318 471 287 445 1,521 291 309 308 0 -8.5% -34.3% 7.6% -100.0% 318 291 -8.5% 789 601 -23.9% 1,076 909 -15.5% 1,521 0 -100.0%
Retention ratio 90.3% 90.3% 92.6% 89.8% 88.4% 89.1% 90.1% 93.1% 89.9% 90.6% 0.0% 0.5% 0.1% 2.2% -89.1% pts. 91.7% 92.6% 0.8% pts. 91.3% 91.7% 0.3% pts. 90.4% 91.3% 0.9% pts. 90.1% 90.1% 0.0% pts.
Net expense ratio (property/casualty) 29.5% 29.1% 27.9% 30.0% 27.1% 29.8% 28.7% 28.9% 30.3% 28.0% 0.0% 1.1% 0.3% 0.9% -29.8% pts. 27.9% 28.9% 1.1% pts. 29.0% 29.7% 0.7% pts. 28.3% 29.1% 0.7% pts. 28.7% 0.0% -28.7% pts.
Net loss ratio (property/casualty) 69.0% 72.8% 68.4% 66.1% 74.8% 67.7% 69.3% 70.6% 69.0% 71.8% 0.0% 2.2% 3.0% -3.0% -67.7% pts. 68.4% 70.6% 2.2% pts. 67.2% 69.8% 2.6% pts. 69.9% 70.5% 0.7% pts. 69.3% 0.0% -69.3% pts.
Net combined ratio (property/casualty) 98.2% 101.6% 96.2% 95.8% 101.5% 97.2% 97.7% 99.5% 98.7% 99.7% 0.0% 3.3% 2.8% -1.8% -97.2% pts. 96.2% 99.5% 3.3% pts. 96.0% 99.1% 3.0% pts. 97.9% 99.3% 1.4% pts. 97.7% 0.0% -97.7% pts.
Net retuon investment 3.0% 2.6% 2.8% 3.1% 3.8% 3.1% 3.2% 2.8% 3.3% 3.1% 3.1% 0.0% 0.2% -0.7% 0.0% pts. 2.8% 2.8% 0.0% pts. 3.0% 3.1% 0.0% pts. 3.3% 3.1% -0.2% pts. 3.2% 3.2% 0.0% pts.
EBIT margin 9.8% 6.0% 8.2% 11.8% 6.8% 9.8% 9.1% 6.1% 6.1% 5.4% 0.0% -2.1% -5.7% -1.4% -9.8% pts. 8.2% 6.1% -2.1% pts. 10.1% 6.1% -3.9% pts. 8.9% 5.8% -3.1% pts. 9.1% 0.0% -9.1% pts.

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

LH Reinsurance P&L

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Life/Health Reinsurance FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 7,816 8,026 2,116 2,082 2,152 2,188 8,538 2,185 2,236 2,347 0 3.2% 7.4% 9.0% -100.0% 2,116 2,185 3.2% 4,198 4,420 5.3% 6,350 6,767 6.6% 8,538 0 -100.0%
of which attributable to other divisions/segments 144 134 35 35 36 36 143 37 32 39 0 3.9% -8.5% 7.1% -100.0% 35 37 3.9% 70 69 -2.2% 107 108 0.9% 143 0 -100.0%
of which attributable to third parties 7,673 7,892 2,081 2,046 2,116 2,152 8,396 2,148 2,204 2,308 0 3.2% 7.7% 9.1% -100.0% 2,081 2,148 3.2% 4,128 4,352 5.4% 6,244 6,659 6.7% 8,396 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
3. Ceded written premiums 818 815 240 254 249 262 1,005 250 246 262 0 3.8% -3.0% 5.2% -100.0% 240 250 3.8% 494 495 0.3% 743 757 1.9% 1,005 0 -100.0%
4. Change in gross unearned premiums -68 -55 -46 10 -14 36 -14 -7 30 -9 0 -84.1% 182.7% -39.0% -100.0% -46 -7 -84.1% -36 22 -162.1% -50 14 -127.6% -14 0 -100.0%
5. Change in ceded unearned premiums -1 1 0 -0 0 0 -0 0 -0 -0 0 -20.6% -99.5% n/a -100.0% 0 0 -20.6% -0 0 -101.3% -0 -0 n/a -0 0 -100.0%
Net premiums earned 6,932 7,155 1,830 1,839 1,889 1,962 7,519 1,928 2,020 2,076 0 5.4% 9.8% 9.9% -100.0% 1,830 1,928 5.4% 3,669 3,947 7.6% 5,558 6,024 8.4% 7,519 0 -100.0%
6. Claims and claims expenses (gross) 6,542 7,112 1,911 1,790 1,891 2,107 7,699 1,915 1,882 1,977 0 0.2% 5.2% 4.5% -100.0% 1,911 1,915 0.2% 3,701 3,797 2.6% 5,592 5,773 3.2% 7,699 0 -100.0%
Reinsurers' share 713 777 220 236 212 226 894 222 202 258 0 0.7% -14.3% 21.5% -100.0% 220 222 0.7% 456 424 -7.1% 668 682 2.0% 894 0 -100.0%
Claims and claims expenses (net) 5,828 6,335 1,691 1,554 1,679 1,881 6,805 1,693 1,680 1,719 0 0.1% 8.1% 2.4% -100.0% 1,691 1,693 0.1% 3,245 3,373 4.0% 4,924 5,092 3.4% 6,805 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 1,567 1,526 384 402 368 440 1,594 434 414 437 0 12.8% 3.0% 18.8% -100.0% 384 434 12.8% 787 848 7.8% 1,154 1,285 11.3% 1,594 0 -100.0%
Reinsurers' share 57 67 -3 16 11 42 65 21 32 17 0 -724.8% 104.0% 56.1% -100.0% -3 21 -724.8% 12 52 324.2% 23 69 200.3% 65 0 -100.0%
Acquisition costs and administrative expenses (net) 1,511 1,459 388 387 357 398 1,529 413 383 420 0 6.6% -1.1% 17.7% -100.0% 388 413 6.6% 774 796 2.7% 1,131 1,216 7.5% 1,529 0 -100.0%
8. Other technical income 3 0 0 0 0 0 0 0 0 0 0 -100.0% -100.0% -100.0% -100.0% 0 0 -100.0% 0 0 -100.0% 0 0 n/a 0 0 -100.0%
Other technical expenses 7 4 -0 -1 0 3 1 -1 5 3 0 206.1% -482.8% n/a -100.0% -0 -1 206.1% -2 3 -295.2% -2 6 -513.4% 1 0 -100.0%
Other technical result -4 -4 1 1 -0 -3 -1 1 -5 -3 0 170.1% -468.1% n/a -100.0% 1 1 170.1% 2 -3 -283.3% 2 -6 -484.8% -1 0 -100.0%
Net technical result -411 -643 -248 -100 -147 -320 -816 -177 -47 -66 0 -28.7% -52.7% -55.5% -100.0% -248 -177 -28.7% -349 -224 -35.6% -496 -290 -41.5% -816 0 -100.0%
9a. Investment income 580 582 122 99 99 201 521 191 150 115 0 56.0% 51.4% 16.7% -100.0% 122 191 56.0% 221 340 54.0% 320 455 42.4% 521 0 -100.0%
9b. Investment expenses 57 60 77 21 39 7 145 63 78 87 0 -17.8% 265.5% 124.0% -100.0% 77 63 -17.8% 98 141 43.3% 137 228 66.1% 145 0 -100.0%
Net income from assets under own management 523 522 45 78 60 194 376 127 72 28 0 182.9% -7.3% -52.8% -100.0% 45 127 182.9% 122 199 62.5% 182 227 24.6% 376 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net interest income from funds withheld and contract deposits 159 171 127 30 25 38 220 50 36 21 0 -60.5% 17.0% -13.3% -100.0% 127 50 -60.5% 157 86 -45.5% 182 107 -41.1% 220 0 -100.0%
Net investment income 682 693 172 108 85 231 596 177 107 50 0 3.2% -0.5% -41.3% -100.0% 172 177 3.2% 280 285 1.8% 364 335 -8.2% 596 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 23 81 12 2 2 -3 13 20 6 -10 0 62.5% 283.1% -579.3% -100.0% 12 20 62.5% 14 26 86.8% 16 16 -2.3% 13 0 -100.0%
10a. Other income 375 455 197 92 120 145 554 173 189 153 0 -12.1% 104.2% 27.4% -100.0% 197 173 -12.1% 289 362 25.0% 409 515 25.7% 554 0 -100.0%
10b. Other expenses 85 120 31 15 18 55 119 62 30 31 0 104.0% 100.7% 72.6% -100.0% 31 62 104.0% 46 92 103.0% 63 123 94.4% 119 0 -100.0%
Other income/expenses 290 335 166 78 102 90 435 111 159 122 0 -33.5% 104.9% 19.5% -100.0% 166 111 -33.5% 244 269 10.5% 346 391 13.1% 435 0 -100.0%
Profit before goodwill impairments 562 385 90 85 39 1 216 111 219 106 0 23.4% 156.8% 170.5% -100.0% 90 111 23.4% 175 330 88.2% 214 436 103.3% 216 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Operating profit/loss (EBIT) 562 385 90 85 39 1 216 111 219 106 0 23.4% 156.8% 170.5% -100.0% 90 111 23.4% 175 330 88.2% 214 436 103.3% 216 0 -100.0%
Retention ratio 89.5% 89.8% 88.6% 87.8% 88.4% 88.0% 88.2% 88.6% 89.0% 88.8% 0.0% -0.1% 1.2% 0.4% -88.0% pts. 88.6% 88.6% -0.1% pts. 88.2% 88.8% 0.6% pts. 88.3% 88.8% 0.5% pts. 88.2% 0.0% -88.2% pts.
Net retuon investment 5.1% 4.8% 1.6% 2.6% 2.0% 6.4% 3.2% 4.2% 2.5% 1.0% 6.4% 2.7% -0.2% -1.0% 0.0% pts. 1.6% 4.2% 2.7% pts. 2.2% 3.4% 1.2% pts. 2.1% 2.5% 0.4% pts. 3.2% 3.2% 0.0% pts.
EBIT margin 8.1% 5.4% 4.9% 4.6% 2.1% 0.1% 2.9% 5.8% 10.8% 5.1% 0.0% 0.8% 6.2% 3.0% -0.1% pts. 4.9% 5.8% 0.8% pts. 4.8% 8.4% 3.6% pts. 3.9% 7.2% 3.4% pts. 2.9% 0.0% -2.9% pts.

&"Arial,Fett"&K04+000Talanx Group - Financial Data Supplement Q3 2022 &G

&8&P/&N

Corporate Operations P&L

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Corporate Operations FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance 64 738 954 71 23 71 1,119 1,096 21 42 0 14.8% -70.3% 78.4% -100.0% 954 1,096 14.8% 1,025 1,117 8.9% 1,049 1,159 10.5% 1,119 0 -100.0%
of which attributable to other divisions/segments 64 503 502 261 211 211 1,186 554 256 210 0 10.4% -2.1% -0.5% -100.0% 502 554 10.4% 763 810 6.1% 974 1,020 4.7% 1,186 0 -100.0%
of which attributable to third parties 0 235 453 -191 -188 -141 -67 542 -235 -169 0 19.6% 23.2% -10.3% -100.0% 453 542 19.6% 262 307 17.0% 74 138 86.4% -67 0 -100.0%
2. Savings elements of premiums from unit-linked life and annuity insurance 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
3. Ceded written premiums 20 483 769 26 7 38 839 871 10 18 0 13.4% -62.8% 180.4% -100.0% 769 871 13.4% 794 881 10.9% 801 899 12.3% 839 0 -100.0%
4. Change in gross unearned premiums -4 -237 -698 189 277 250 18 -797 274 230 0 14.2% 45.1% -16.8% -100.0% -698 -797 14.2% -509 -523 2.7% -232 -293 26.1% 18 0 -100.0%
5. Change in ceded unearned premiums -1 -172 -572 173 217 211 29 -652 220 189 0 14.1% 27.6% -13.2% -100.0% -572 -652 14.1% -399 -432 8.2% -182 -243 33.9% 29 0 -100.0%
Net premiums earned 40 190 60 61 76 71 268 80 65 65 0 33.5% 6.7% -14.8% -100.0% 60 80 33.5% 121 145 20.0% 197 210 6.5% 268 0 -100.0%
6. Claims and claims expenses (gross) 55 493 229 112 444 243 1029 283 241 174 0 23.5% 115.8% -60.8% -100.0% 229 283 23.5% 341 524 53.7% 785 698 -11.1% 1029 0 -100.0%
Reinsurers' share 13 296 150 96 393 178 816 237 206 136 0 58.3% 113.2% -65.4% -100.0% 150 237 58.3% 246 442 79.8% 639 578 -9.5% 816 0 -100.0%
Claims and claims expenses (net) 42 196 80 15 52 66 212 47 35 39 0 -41.6% 132.4% -25.4% -100.0% 80 47 -41.6% 95 82 -13.9% 147 120 -18.0% 212 0 -100.0%
7. Acquisition costs and administrative expenses (gross) 15 106 59 76 97 63 295 84 69 65 0 41.6% -9.5% -33.4% -100.0% 59 84 41.6% 135 153 12.9% 232 217 -6.5% 295 0 -100.0%
Reinsurers' share 2 52 50 47 47 41 185 54 46 40 0 8.0% -1.8% -14.9% -100.0% 50 54 8.0% 97 100 3.2% 144 140 -2.7% 185 0 -100.0%
Acquisition costs and administrative expenses (net) 13 55 9 29 50 22 110 30 23 25 0 220.6% -22.0% -50.9% -100.0% 9 30 220.6% 38 53 37.3% 88 77 -12.6% 110 0 -100.0%
8. Other technical income 0 0 0 0 16 0 16 0 0 0 0 n/a n/a -100.0% n/a 0 0 n/a 0 0 n/a 16 0 -100.0% 16 0 -100.0%
Other technical expenses 0 14 0 9 -7 1 4 2 1 1 0 1132.9% -87.1% -120.2% -100.0% 0 2 1132.9% 9 3 -64.5% 3 5 72.9% 4 0 -100.0%
Other technical result -0 -14 -0 -9 22 -1 12 -2 -1 -1 0 1132.9% -87.1% -106.1% -100.0% -0 -2 1132.9% -9 -3 -64.5% 13 -5 -136.3% 12 0 -100.0%
Net technical result -15 -75 -30 8 -3 -17 -42 1 6 1 0 -103.0% -20.4% -124.3% -100.0% -30 1 -103.0% -22 7 -131.1% -25 8 -130.3% -42 0 -100.0%
9a. Investment income 19 17 16 11 8 7 42 8 6 6 0 -50.7% -44.8% -24.1% -100.0% 16 8 -50.7% 27 14 -48.4% 35 20 -42.7% 42 0 -100.0%
9b. Investment expenses 103 111 38 50 37 28 153 27 26 30 0 -28.3% -47.8% -19.2% -100.0% 38 27 -28.3% 87 53 -39.4% 124 83 -33.4% 153 0 -100.0%
Net income from assets under own management -84 -94 -22 -39 -29 -21 -111 -19 -20 -24 0 -11.8% -48.6% -17.8% -100.0% -22 -19 -11.8% -61 -39 -35.5% -90 -63 -29.8% -111 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net interest income from funds withheld and contract deposits 0 0 0 0 0 0 0 0 0 0 0 3919.8% n/a -100.0% -100.0% 0 0 3919.8% 0 0 3919.8% 0 0 203.0% 0 0 -100.0%
Net investment income -84 -94 -22 -39 -29 -21 -111 -19 -20 -24 0 -11.8% -48.6% -17.8% -100.0% -22 -19 -11.8% -61 -39 -35.5% -90 -63 -29.8% -111 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
10a. Other income 824 819 195 214 213 415 1,037 376 364 384 0 92.4% 70.2% 80.3% -100.0% 195 376 92.4% 409 740 80.8% 622 1,124 80.7% 1037 0 -100.0%
10b. Other expenses 733 694 187 173 172 379 911 343 335 339 0 83.3% 93.8% 96.7% -100.0% 187 343 83.3% 359 677 88.3% 532 1,016 91.0% 911 0 -100.0%
Other income/expenses 91 125 9 41 41 35 126 34 30 45 0 291.3% -28.1% 11.0% -100.0% 9 34 291.3% 50 63 26.8% 91 108 19.7% 126 0 -100.0%
Profit before goodwill impairments -8 -44 -43 10 9 -3 -27 15 16 22 0 -135.8% 60.1% 145.2% -100.0% -43 15 -135.8% -33 31 -193.7% -24 53 -321.2% -27 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 0 0 n/a
Operating profit/loss (EBIT) -8 -44 -43 10 9 -3 -27 15 16 22 0 -135.8% 60.1% 145.2% -100.0% -43 15 -135.8% -33 31 -193.7% -24 53 -321.2% -27 0 -100.0%
Financing costs 105 105 25 25 26 26 103 27 26 17 0 7.9% 1.0% -33.1% -100.0% 25 27 7.9% 51 53 4.4% 76 70 -8.2% 103 0 -100.0%
Taxes on income -17 -32 -16 -8 -5 3 -25 -6 7 -0 0 -64.1% -190.6% -97.9% -100.0% -16 -6 -64.1% -24 1 -105.5% -28 1 -104.2% -25 0 -100.0%
Net income -97 -117 -52 -8 -12 -33 -105 -6 -17 5 0 -88.2% 114.6% n.m. -100.0% -52 -6 -88.2% -60 -23 -61.3% -72 -18 74.7% -105 0 -100.0%
attributable to non-controlling interests 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 0 0 n/a
attributable to shareholders of Talanx AG -97 -117 -52 -8 -12 -33 -105 -6 -17 5 0 -88.2% 114.6% n.m. -100.0% -52 -6 -88.2% -60 -23 -61.3% -72 -18 74.7% -105 0 -100.0%
Retention ratio 68.3% 34.6% 19.5% 63.4% 72.3% 45.5% 25.0% 20.5% 54.2% 56.4% 0.0% 1.0% -9.2% -15.9% -45.5% pts. 19.5% 20.5% 1.0% pts. 22.5% 21.1% -1.4% pts. 23.6% 22.4% -1.2% pts. 25.0% 0.0% -25.0% pts.
EBIT margin -20.5% -9.8% -71.8% 16.1% 11.8% -4.6% -10.2% 19.2% 24.1% 34.0% 0.0% 91.0% 8.0% 22.2% 4.6% pts. -71.8% 19.2% 91.0% pts. -27.4% 21.4% 48.9% pts. -12.2% 25.3% 37.5% pts. -10.2% 0.0% 10.2% pts.
Tax ratio 14.6% 21.3% 23.3% 49.3% 29.3% -10.1% 19.6% 48.1% -69.4% -2.1% ERROR:#DIV/0! 24.8% -118.7% -31.4% ERROR:#DIV/0! pts. 23.3% 48.1% 24.8% pts. 28.2% -6.0% -34.1% pts. 28.4% -7.1% -35.5% pts. 19.6% ERROR:#DIV/0! ERROR:#DIV/0! pts.

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Consolidation P&L

Consolidated statement of income by division/reportable segment
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Consolidation FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
1. Gross written premiums including premiums from unit-linked life and annuity insurance -1,693 -2,436 -1,178 -707 -634 -713 -3,232 -1,189 -626 -584 0 0.9% -11.4% -8.0% -100.0% -1,178 -1,189 0.9% -1,885 -1,815 -3.7% -2,519 -2,399 -4.8% -3,232 0 -100.0%
of which attributable to other divisions/segments -1,693 -2,436 -1,178 -707 -634 -713 -3,232 -1,189 -626 -584 0 0.9% -11.4% -8.0% -100.0% -1,178 -1,189 0.9% -1,885 -1,815 -3.7% -2,519 -2,399 -4.8% -3,232 0 -100.0%
of which attributable to third parties 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
2. Savings elements of premiums from unit-linked life and annuity insurance 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
3. Ceded written premiums -1,689 -2,437 -1184 -702 -666 -708 -3,261 -1189 -625 -584 0 0.4% -11.1% -12.3% -100.0% -1184 -1189 0.4% -1,886 -1,813 -3.9% -2,553 -2,397 -6.1% -3261 0 -100.0%
4. Change in gross unearned premiums 135 220 509 -30 -89 -109 281 428 -176 -185 0 -15.9% 481.6% 107.6% -100.0% 509 428 -15.9% 479 252 -47.4% 390 67 -82.7% 281 0 -100.0%
5. Change in ceded unearned premiums 136 226 510 -30 -80 -107 293 423 -179 -196 0 -16.9% 497.7% 146.2% -100.0% 510 423 -16.9% 479 244 -49.1% 400 48 -88.1% 293 0 -100.0%
Net premiums earned -6 -4 5 -5 23 -7 16 4 1 12 0 -18.2% -129.2% -47.1% -100.0% 5 4 -18.2% 0 6 1451.7% 24 18 -22.7% 16 0 -100.0%
6. Claims and claims expenses (gross) -1,178 -1,543 -420 -430 -829 -634 -2,313 -520 -591 -548 0 23.8% 37.5% -33.9% -100.0% -420 -520 23.8% -850 -1,111 30.7% -1,679 -1,659 -1.2% -2313 0 -100.0%
Reinsurers' share -1,174 -1,562 -415 -467 -838 -645 -2,365 -498 -607 -545 0 20.1% 30.2% -35.0% -100.0% -415 -498 20.1% -881 -1,105 25.4% -1,719 -1,650 -4.0% -2,365 0 -100.0%
Claims and claims expenses (net) -4 19 -5 37 9 11 52 -22 17 -3 0 305.2% -54.9% -138.3% -100.0% -5 -22 305.2% 31 -6 -117.5% 40 -9 -122.0% 52 0 -100.0%
7. Acquisition costs and administrative expenses (gross) -486 -644 -174 -216 -253 -253 -897 -229 -196 -206 0 31.2% -9.6% -18.7% -100.0% -174 -229 31.2% -391 -425 8.6% -644 -630 -2.1% -897 0 -100.0%
Reinsurers' share -475 -626 -179 -191 -229 -239 -839 -228 -180 -215 0 27.1% -6.0% -6.3% -100.0% -179 -228 27.1% -370 -407 10.0% -599 -622 3.8% -839 0 -100.0%
Acquisition costs and administrative expenses (net) -11 -17 5 -25 -24 -13 -58 -1 -16 9 0 -130.5% -37.3% -138.4% -100.0% 5 -1 -130.5% -21 -17 -17.1% -45 -8 -81.6% -58 0 -100.0%
8. Other technical income 1 0 -0 -0 -16 0 -16 0 0 0 0 -111.5% -1375.3% -100.4% -100.0% -0 0 -111.5% -0 0 -113.5% -16 0 -100.6% -16 0 -100.0%
Other technical expenses 11 -6 6 -17 23 -5 7 28 1 7 0 344.4% -104.7% -71.0% -100.0% 6 28 344.4% -10 29 -381.4% 12 36 184.4% 7 0 -100.0%
Other technical result -10 6 -6 17 -38 5 -23 -28 -1 -7 0 333.6% -104.7% -83.0% -100.0% -6 -28 333.6% 10 -29 -385.4% -28 -35 25.6% -23 0 -100.0%
Net technical result -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 0 -3.5% 5.7% 10.8% -100.0% -0 -0 -3.5% -0 -0 1.1% -0 -0 4.4% -0 0 -100.0%
9a. Investment income -62 -63 -15 -15 -15 -15 -61 -14 -15 -14 0 -7.4% -5.9% -4.9% -100.0% -15 -14 -7.4% -31 -29 -6.7% -46 -43 -6.1% -61 0 -100.0%
9b. Investment expenses -121 -128 -31 -31 -33 -41 -137 -33 -31 -31 0 5.4% -0.2% -6.3% -100.0% -31 -33 5.4% -63 -64 2.6% -96 -96 -0.5% -137 0 -100.0%
Net income from assets under own management 59 64 16 16 18 26 76 19 17 17 0 17.7% 5.3% -7.5% -100.0% 16 19 17.7% 32 36 11.5% 50 53 4.6% 76 0 -100.0%
Net income from investment contracts 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 n/a 0 0 n/a
Net interest income from funds withheld and contract deposits 0 0 0 0 0 0 0 0 0 0 0 -3.5% 5.7% 10.8% -100.0% 0 0 -3.5% 0 0 1.1% 0 0 4.4% 0 0 -100.0%
Net investment income 59 65 16 16 18 26 76 19 17 17 0 17.6% 5.3% -7.4% -100.0% 16 19 17.6% 32 36 11.4% 51 53 4.6% 76 0 -100.0%
of which share of profit or loss of equity-accounted associates and joint ventures 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 0 0 n/a
10a. Other income -790 -794 -182 -164 -195 -388 -930 -320 -340 -360 0 75.8% 106.7% 84.1% -100.0% -182 -320 75.8% -346 -660 90.5% -542 -1,019 88.1% -930 0 -100.0%
10b. Other expenses -679 -671 -151 -137 -164 -369 -822 -305 -318 -329 0 101.3% 131.6% 100.1% -100.0% -151 -305 101.3% -289 -623 115.7% -453 -952 110.1% -822 0 -100.0%
Other income/expenses -111 -123 -31 -27 -31 -19 -108 -15 -21 -31 0 -50.7% -20.3% -0.7% -100.0% -31 -15 -50.7% -57 -36 -36.5% -89 -67 -23.9% -108 0 -100.0%
Profit before goodwill impairments -52 -59 -15 -11 -13 6 -32 4 -5 -14 0 -126.0% -58.3% 8.9% -100.0% -15 4 -126.0% -25 -1 -97.1% -38 -15 -61.4% -32 0 -100.0%
11. Goodwill impairments 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 0 0 n/a
Operating profit/loss (EBIT) -52 -59 -15 -11 -13 6 -32 4 -5 -14 0 -126.0% -58.3% 8.9% -100.0% -15 4 -126.0% -25 -1 -97.1% -38 -15 -61.4% -32 0 -100.0%
Financing costs -53 -55 -13 -14 -13 -12 -53 -13 -12 -12 0 -6.3% -9.4% -100.0% -13 -13 -6.3% -27 -25 -7.9% -40 -37 -53 0 -100.0%
Taxes on income 0 -1 -0 1 0 6 7 5 3 -1 0 -1480.7% 178.3% -100.0% -0 5 -1480.7% 1 8 1371.2% 1 7 7 0 -100.0%
Net income 1 -3 -1 2 0 13 14 11 5 -1 0 -1480.7% 178.3% -100.0% -1 11 -1480.7% 1 16 1371.2% 1 15 14 0 -100.0%
attributable to non-controlling interests 0 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a 0 0 n/a 0 0 n/a 0 0 0 0 n/a
attributable to shareholders of Talanx AG 1 -3 -1 2 0 13 14 11 5 -1 0 -1480.7% 178.3% -100.0% -1 11 -1480.7% 1 16 1371.2% 1 15 14 0 -100.0%

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Investments

Investment income
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2021 vs. 6M 2020 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
Talanx Group FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
Ordinary investment income 3,503 3,333 897 880 906 1,022 3,706 960 1,026 1,071 0 7.0% 16.6% 18.1% -100.0% 897 960 7.0% 1,778 1,987 11.7% 2,684 3,057 13.9% 3,706 0 -100.0%
of which current income from interest 2,713 2,532 647 633 650 691 2,622 701 741 820 0 8.4% 17.1% 26.1% -100.0% 647 701 8.4% 1,280 1,443 12.7% 1,930 2,263 17.2% 2,622 0 -100.0%
of which dividends 75 137 22 31 17 16 85 41 45 9 0 86.1% 46.5% -46.2% -100.0% 22 41 86.1% 53 86 63.0% 69 95 37.0% 85 0 -100.0%
of which current income from real estate 332 306 71 85 94 112 362 96 116 116 0 34.4% 36.6% 23.7% -100.0% 71 96 34.4% 156 211 35.6% 250 327 31.1% 362 0 -100.0%
Extraordinary investment income
Realised net gains/losses on disposal of investments 938 1,206 395 333 330 259 1,318 170 -27 -102 0 -56.9% -108.2% -130.7% -100.0% 395 170 -56.9% 728 143 -80.4% 1,059 42 -96.1% 1,318 0 -100.0%
Unrealised gains/losses of investments 131 77 -33 -6 -11 75 25 1 -48 -37 0 -102.9% 736.5% 223.6% -100.0% -33 1 -102.9% -39 -47 20.7% -50 -84 67.1% 25 0 -100.0%
Depreciation of and impairment losses/reversals of impairment losses on investment -169 -301 -67 -68 -60 -70 -265 -49 -112 -155 0 -27.6% 65.4% 156.6% -100.0% -67 -49 -27.6% -135 -161 19.2% -195 -316 61.7% -265 0 -100.0%
Other investment expenses 272 284 67 83 77 96 323 86 74 91 0 27.4% -10.8% 18.5% -100.0% 67 86 27.4% 150 160 6.4% 227 251 10.5% 323 0 -100.0%
Income from assets under own management 4,130 4,030 1,125 1,057 1,088 1,190 4,460 997 765 686 0 -11.4% -27.6% -37.0% -100.0% 1,125 997 -11.4% 2,183 1,763 -19.2% 3,270 2,448 -25.1% 4,460 0 -100.0%
Net interest income from funds withheld and contract deposits 190 210 127 38 39 50 255 52 70 26 0 -59.3% 81.6% -32.0% -100.0% 127 52 -59.3% 165 122 -26.5% 204 148 -27.6% 255 0 -100.0%
Net income from investment contracts 3 0 1 0 1 1 3 1 1 -1 0 15.7% 177.6% -175.3% -100.0% 1 1 15.7% 2 3 64.6% 3 2 -30.4% 3 0 -100.0%
Total net investment income 4,323 4,240 1,253 1,096 1,128 1,241 4,718 1,050 837 711 0 -16.2% -23.7% -36.9% -100.0% 1,253 1,050 -16.2% 2,350 1,887 -19.7% 3,477 2,598 -25.3% 4,718 0 -100.0%
of which Industrial Lines 285 254 77 64 79 80 300 56 63 53 0 -27.5% -1.4% -33.0% -100.0% 77 56 -27.5% 141 119 -15.7% 220 172 -22.0% 307 0 -100.0%
of which Retail Germany - Property/Casaulty 119 88 29 24 26 50 129 24 13 10 0 -16.4% -45.1% -62.0% -100.0% 29 24 -16.4% 53 37 -29.4% 79 47 -40.1% 130 0 -100.0%
of which Retail Germany - Life 1,786 1,903 609 505 458 431 2,002 379 168 145 0 -37.7% -66.8% -68.3% -100.0% 609 379 -37.7% 1,114 547 -50.9% 1,572 692 -55.9% 2,052 0 -100.0%
of which Retail International 381 326 97 97 84 96 374 101 93 104 0 3.5% -4.7% 23.7% -100.0% 97 101 3.5% 194 193 -0.6% 278 297 6.7% 386 0 -100.0%
of which Property/Casualty Reinsurance 1,093 1,005 275 321 407 348 1,352 313 396 357 0 13.8% 23.3% -12.4% -100.0% 275 313 13.8% 596 709 18.9% 1,003 1,065 6.2% 1,365 0 -100.0%
of which Life/Health Reinsurance 682 693 172 108 85 231 596 177 107 50 0 3.2% -0.5% -41.3% -100.0% 172 177 3.2% 280 285 1.8% 364 335 -8.2% 602 0 -100.0%
of which Corporate Operations -84 -94 -22 -39 -29 -21 -111 -19 -20 -24 0 -11.8% -48.6% -17.8% -100.0% -22 -19 -11.8% -61 -39 -35.5% -90 -63 -29.8% -124 0 -100.0%
of which Consolidation 59 65 16 16 18 26 76 19 17 17 17.6% 5.3% -7.4% -100.0% 16 19 17.6% 32 36 11.4% 51 53 4.6%
Net retuon investment 3.5% 3.2% 3.5% 3.2% 3.3% 3.5% 3.4% 3.0% 2.3% 2.1% 3.5% -0.5% -0.9% -1.1% 0.0% pts. 3.5% 3.0% -0.5% pts. 3.3% 2.7% -0.7% pts. 3.3% 2.5% -0.9% pts. 3.4% 3.4% 0.0% pts.
Current retuon investment 2.8% 2.4% 2.6% 2.4% 2.5% 2.7% 2.6% 2.6% 2.9% 3.0% 2.7% 0.0% 0.5% 0.5% 0.0% pts. 2.6% 2.6% 0.0% pts. 2.5% 2.8% 0.3% pts. 2.5% 2.8% 0.3% pts. 2.6% 2.6% 0.0% pts.
Breakdown of assets under own management by asset class 31.03.2022 vs. 31.12.2021 30.06.2022 vs. 31.12.2021 30.09.2022 vs. 31.12.2021 31.12.2022 vs. 31.12.2021
12/31/19 12/31/20 31.03.20211 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22
Investment property 3,193 3,250 3,706 3,823 4,056 4,650 4,854 4,899 5,099 0 4.4% 5.3% 9.6% -100.0%
Shares in affiliated companies and participating interests 398 572 582 604 605 511 530 542 565 0 3.6% 6.2% 10.6% -100.0%
Shares in associates and joint ventures 337 438 526 519 535 504 536 544 519 0 6.4% 8.1% 3.2% -100.0%
Loans and receivables n/a n/a n/a
Loans including mortgage loans 413 459 488 528 547 687 698 745 818 0 1.6% 8.5% 19.0% -100.0%
Loans and receivables due from government or quasi-governmental entities and fixed-income securities 27,228 26,726 26,654 26,160 25,479 25,049 24,833 24,614 24,368 0 -0.9% -1.7% -2.7% -100.0%
Held-to-maturity financial instruments 336 474 443 433 373 356 365 403 410 0 2.6% 13.3% 15.1% -100.0%
Available-for-sale financial instruments n/a n/a n/a
Fixed-income securities 81,483 86,742 87,853 89,763 91,542 92,634 88,398 84,312 83,438 0 -4.6% -9.0% -9.9% -100.0%
Variable-yield securities 2,067 2,725 2,869 3,101 3,357 3,765 4,148 4,056 4,109 0 10.2% 7.7% 9.1% -100.0%
Financial instruments at fair value through profit or loss n/a n/a
Fixed-income securities 1,128 585 577 595 576 541 581 609 692 0 7.4% 12.6% 27.9% -100.0%
Variable-yield securities 147 40 46 50 46 50 41 46 46 0 -18.8% -9.3% -8.9% -100.0%
Financial instruments held for trading n/a n/a n/a
Fixed-income securities 0 0 0 0 0 0 0 0 0 0 n/a n/a n/a n/a
Variable-yield securities 122 135 128 142 149 164 142 134 139 0 -13.4% -17.9% -14.7% -100.0%
Derivatives 321 307 266 283 285 341 360 418 575 0 5.8% 22.6% 68.7% -100.0%
Other investments 5,465 5,849 6,863 6,651 6,922 6,821 8,012 7,846 8,339 0 17.5% 15.0% 22.2% -100.0%
Assets under own management at period end 122,638 128,301 131,000 132,650 134,473 136,073 133,498 129,170 129,118 0 -1.9% -5.1% -5.1% -100.0%
Average assets under own management 127,708 129,651 131,825 133,562 135,273 134,786 131,334 129,144 64,559 -0.4% -2.9% -4.5% -52.3%
Breakdown of fixed-income securities
By rating 12/31/19 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22
AAA 40% 42% 42% 41% 40% 41% 41% 42% 43% 41%
AA 21% 19% 18% 19% 19% 19% 18% 17% 17% 19%
A 14% 15% 16% 16% 16% 16% 16% 16% 16% 16%
BBB 19% 18% 19% 19% 19% 18% 18% 18% 17% 18%
BB and below 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Non-rated 3% 2% 2% 2% 3% 3% 3% 3% 3% 3%
Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
By currency 12/31/19 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22
EUR 66% 68% 66% 66% 65% 65% 64% 62% 59% 65%
USD 19% 18% 19% 19% 20% 20% 20% 22% 23% 20%
GBP 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
PLN 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
Other currencies 9% 9% 9% 10% 10% 10% 11% 11% 12% 10%
Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
By duration 12/31/19 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22
Up to 1 year 7% 5% 5% 5% 6% 6% 6% 7% 9% 6%
1 to 5 years 22% 23% 24% 23% 25% 25% 26% 28% 28% 25%
5 to 10 years 31% 30% 30% 30% 28% 28% 28% 28% 27% 28%
More than 10 years 41% 42% 42% 42% 41% 41% 40% 37% 36% 41%
Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

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Equity

Change in Equity 31.03.2022 vs. 31.12.2021 30.06.2022 vs. 31.12.2021 30.09.2022 vs. 31.12.2021 31.12.2022 vs. 31.12.2021
12/31/19 12/31/20 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22 abs in % abs in % abs in % abs in %
Subscribed capital 316 316 316 316 316 316 0 -0 -0.00% -0 -0.00% -0 -0.00% -316 -100.00%
Capital reserves 1,373 1,373 1,385 1,385 1,385 1,385 0 -0 -0.00% -0 -0.00% -0 -0.00% -1,385 -100.00%
Retained earnings 7,795 8,061 8,709 8,959 8,856 9,085 0 251 2.88% 148 1.70% 377 4.33% -8,709 -100.00%
Accumulated other comprehensive income and other reserves 665 617 366 -864 -2,318 -3,416 0 -1,230 -336.11% -2,684 -733.25% -3,782 -1033.17% -366 -100.00%
Group equity 10,149 10,367 10,776 9,797 8,240 7,371 0 -980 -9.09% -2,536 -23.53% -3,405 -31.60% -10,776 -100.00%
Non-controlling interests in equity 6,461 6,732 7,169 6,491 5,603 5,262 0 -678 -9.46% -1,567 -21.85% -1,907 -26.60% -7,169 -100.00%
Total equity 16,610 17,099 17,945 16,288 13,843 12,633 0 -1,658 -9.24% -4,103 -22.86% -5,312 -29.60% -17,945 -100.00%
31.03.2022 vs. 31.12.2021 30.06.2022 vs. 31.12.2021 30.09.2022 vs. 31.12.2021 31.12.2022 vs. 31.12.2021
Equity1 by division incl. non-controlling interests
12/31/19 12/31/20 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22 abs in % abs in % abs in % abs in %
Industrial Lines 2,378 2,214 2,153 1,981 1,864 1,695 0 -172 -7.98% -290 -13.45% -459 -21.30% -2,153 -100.00%
of which non-controlling interests 62 66 4 4 0 0 4 0 7.36% -4 -100.00% -4 -100.00% 0 0.00%
Retail Germany 2,572 2,814 2,660 2,414 2,098 1,917 0 -246 -9.26% -562 -21.14% -743 -27.94% -2,660 -100.00%
of which non-controlling interests 76 97 79 68 57 52 79 -11 -13.38% -21 -27.13% -27 -34.05% 0 0.00%
Retail International 2,335 2,588 2,417 2,375 2,122 1,983 0 -42 -1.74% -294 -12.18% -433 -17.92% -2,417 -100.00%
of which non-controlling interests 251 273 233 224 247 248 233 -9 -3.87% 14 6.15% 15 6.43% 0 0.00%
Reinsurance 11,166 11,650 12,712 11,442 9,639 8,900 0 -1,270 -9.99% -3,073 -24.18% -3,813 -29.99% -12,712 -100.00%
of which non-controlling interests 6,654 6,350 6,854 6,195 5,298 4,962 6,854 -659 -9.61% -1,556 -22.70% -1,892 -27.60% 0 0.00%
Corporate Operations -1,889 -2,212 -2,055 -2,020 -1,954 -1,935 0 35 -1.69% 101 -4.91% 120 -5.84% 2,055 -100.00%
of which non-controlling interests 0 0 0 0 0 0 0 0 n/a 0 n/a 0 n/a 0 n/a
Consolidation 47 44 58 70 75 74 0 11 19.55% 16 27.64% 15 26.13% -58 -100.00%
of which non-controlling interests -582 -53 0 0 0 0 0 0 n/a 0 n/a 0 n/a 0 n/a
Total equity 16,610 17,099 17,945 16,288 13,843 12,633 0 -1,658 -9.24% -4,103 -22.86% -5,312 -29.60% -17,945 -100.00%
Group equity 10,149 10,367 10,776 9,797 8,240 7,371 0 -980 -9.09% -2,536 -23.53% -3,405 -31.60% -10,776 -100.00%
Non-controlling interests 6,461 6,732 7,169 6,491 5,603 5,262 0 -678 -9.46% -1,567 -21.85% -1,907 -26.60% -7,169 -100.00%
1 Equity for the divisions is defined as the difference between assets and liabilities of the division concerned

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Combined Ratios

Combined ratios by divison
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 FY 2022 vs. FY 2021
FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 FY 2021 FY 2022
Talanx Group - Property/Casualty 98.3% 100.9% 96.1% 95.7% 100.9% 98.0% 97.7% 98.3% 98.4% 99.1% 0.0% 2.3% 2.7% -1.8% -98.0% pts. 96.1% 98.3% 2.3% pts. 95.9% 98.4% 2.5% pts. 97.6% 98.6% 1.0% pts. 97.7% 0.0% -97.7% pts.
of which loss ratio 69.5% 72.7% 69.2% 67.6% 74.2% 69.1% 70.1% 70.5% 70.1% 72.3% 0.0% 1.4% 2.4% -1.9% -69.1% pts. 69.2% 70.5% 1.4% pts. 68.4% 70.3% 1.9% pts. 70.4% 71.0% 0.6% pts. 70.1% 0.0% -70.1% pts.
of which expense ratio 29.0% 28.4% 26.9% 28.3% 27.0% 29.1% 27.8% 27.8% 28.8% 26.9% 0.0% 0.9% 0.5% -0.1% -29.1% pts. 26.9% 27.8% 0.9% pts. 27.6% 28.3% 0.7% pts. 27.4% 27.8% 0.4% pts. 27.8% 0.0% -27.8% pts.
Primary Insurance 98.3% 98.9% 94.1% 95.7% 99.5% 98.9% 97.1% 95.9% 98.0% 97.8% 0.0% 1.8% 2.3% -1.7% -98.9% pts. 94.1% 95.9% 1.8% pts. 94.9% 97.0% 2.1% pts. 96.5% 97.3% 0.8% pts. 97.1% 0.0% -97.1% pts.
of which loss ratio 70.2% 72.0% 68.7% 71.4% 74.3% 71.3% 71.5% 70.7% 72.5% 73.7% 0.0% 2.0% 1.1% -0.6% -71.3% pts. 68.7% 70.7% 2.0% pts. 70.1% 71.6% 1.5% pts. 71.5% 72.4% 0.8% pts. 71.5% 0.0% -71.5% pts.
of which expense ratio 28.1% 26.9% 25.4% 24.3% 25.2% 27.5% 25.6% 25.2% 25.5% 24.1% 0.0% -0.1% 1.3% -1.1% -27.5% pts. 25.4% 25.2% -0.1% pts. 24.8% 25.4% 0.6% pts. 24.9% 24.9% -0.0% pts. 25.6% 0.0% -25.6% pts.
Industrial Lines 101.4% 104.6% 98.7% 98.1% 99.1% 98.9% 98.7% 97.1% 95.9% 97.0% 0.0% -1.6% -2.1% -2.0% -98.9% pts. 98.7% 97.1% -1.6% pts. 98.4% 96.5% -1.9% pts. 98.6% 96.7% -1.9% pts. 98.7% 0.0% -98.7% pts.
of which loss ratio 79.9% 84.4% 81.8% 81.0% 81.0% 80.1% 80.9% 80.2% 77.4% 80.4% 0.0% -1.6% -3.6% -0.6% -80.1% pts. 81.8% 80.2% -1.6% pts. 81.4% 78.8% -2.6% pts. 81.3% 79.4% -1.9% pts. 80.9% 0.0% -80.9% pts.
of which expense ratio 21.4% 20.2% 16.9% 17.0% 18.1% 18.8% 17.7% 16.9% 18.6% 16.6% 0.0% -0.0% 1.6% -1.5% -18.8% pts. 16.9% 16.9% -0.0% pts. 17.0% 17.8% 0.8% pts. 17.3% 17.3% -0.0% pts. 17.7% 0.0% -17.7% pts.
Retail Germany - Property/Casualty 99.0% 95.4% 84.2% 99.7% 108.0% 105.7% 99.2% 97.8% 101.0% 100.8% 0.0% 13.6% 1.3% -7.3% -105.7% pts. 84.2% 97.8% 13.6% pts. 91.7% 99.5% 7.8% pts. 96.8% 99.9% 3.1% pts. 99.2% 0.0% -99.2% pts.
of which loss ratio 61.0% 61.9% 49.6% 72.0% 80.3% 61.4% 65.2% 63.4% 69.1% 68.1% 0.0% 13.8% -2.8% -12.3% -61.4% pts. 49.6% 63.4% 13.8% pts. 60.3% 66.3% 6.0% pts. 66.7% 66.9% 0.2% pts. 65.2% 0.0% -65.2% pts.
of which expense ratio 38.0% 33.4% 34.6% 27.7% 27.7% 44.2% 33.9% 34.5% 31.8% 32.7% 0.0% -0.2% 4.1% 5.0% -44.2% pts. 34.6% 34.5% -0.2% pts. 31.3% 33.1% 1.8% pts. 30.2% 33.0% 2.8% pts. 33.9% 0.0% -33.9% pts.
Retail International - Property/Casualty 95.5% 95.2% 93.9% 91.8% 97.0% 96.2% 94.8% 94.0% 98.9% 97.6% 0.0% 0.2% 7.1% 0.6% -96.2% pts. 93.9% 94.0% 0.2% pts. 92.8% 96.6% 3.8% pts. 94.3% 96.9% 2.7% pts. 94.8% 0.0% -94.8% pts.
of which loss ratio 65.8% 64.7% 64.0% 61.7% 66.0% 66.1% 64.5% 64.0% 68.8% 68.8% 0.0% -0.0% 7.1% 2.8% -66.1% pts. 64.0% 64.0% -0.0% pts. 62.8% 66.5% 3.7% pts. 63.9% 67.3% 3.4% pts. 64.5% 0.0% -64.5% pts.
of which expense ratio 29.6% 30.5% 29.8% 30.1% 30.9% 30.1% 30.2% 30.0% 30.1% 28.7% 0.0% 0.2% -0.0% -2.2% -30.1% pts. 29.8% 30.0% 0.2% pts. 30.0% 30.1% 0.1% pts. 30.3% 29.6% -0.7% pts. 30.2% 0.0% -30.2% pts.
Property/Casualty Reinsurance 98.2% 101.6% 96.2% 95.8% 101.5% 97.2% 97.7% 99.5% 98.7% 99.7% 0.0% 3.3% 2.8% -1.8% -97.2% pts. 96.2% 99.5% 3.3% pts. 96.0% 99.1% 3.0% pts. 97.9% 99.3% 1.4% pts. 97.7% 0.0% -97.7% pts.
of which loss ratio 69.0% 72.8% 68.4% 66.1% 74.8% 67.7% 69.3% 70.6% 69.0% 71.8% 0.0% 2.2% 3.0% -3.0% -67.7% pts. 68.4% 70.6% 2.2% pts. 67.2% 69.8% 2.6% pts. 69.9% 70.5% 0.7% pts. 69.3% 0.0% -69.3% pts.
of which expense ratio 29.5% 29.1% 27.9% 30.0% 27.1% 29.8% 28.7% 28.9% 30.3% 28.0% 0.0% 1.1% 0.3% 0.9% -29.8% pts. 27.9% 28.9% 1.1% pts. 29.0% 29.7% 0.7% pts. 28.3% 29.1% 0.7% pts. 28.7% 0.0% -28.7% pts.
Combined ratios by Retail International core market
Q1 2022 vs. Q1 2021 Q2 2022 vs. Q2 2021 Q3 2022 vs. Q3 2021 Q4 2022 vs. Q4 2021 3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 pts. 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
Poland: Warta 90.7% 92.1% 93.2% 92.2% 96.1% 89.6% 92.8% 90.4% 91.2% 93.2% xx -2.8% -1.1% -3.0% ERROR:#VALUE! pts. 93.2% 90.4% -2.8% pts. 92.7% 90.8% -1.9% pts. 93.9% 91.6% -2.3% pts. 92.8% -92.8% pts.
of which loss ratio 64.1% 64.8% 66.6% 64.1% 67.7% 61.3% 64.9% 63.3% 64.2% 66.0% xx -3.2% 0.1% -1.7% ERROR:#VALUE! pts. 66.6% 63.3% -3.2% pts. 65.3% 63.8% -1.5% pts. 66.1% 64.5% -1.6% pts. 64.9% -64.9% pts.
of which expense ratio 26.6% 27.3% 26.6% 28.1% 28.5% 28.3% 27.9% 27.0% 27.0% 27.2% xx 0.4% -1.1% -1.3% ERROR:#VALUE! pts. 26.6% 27.0% 0.4% pts. 27.4% 27.0% -0.4% pts. 27.8% 27.1% -0.7% pts. 27.9% -27.9% pts.
Turkey² 112.0% 109.9% 109.2% 107.6% 129.4% 135.1% 120.1% 143.5% 153.1% 133.6% xx 34.3% 45.4% 4.2% ERROR:#VALUE! pts. 109.2% 143.5% 34.3% pts. 108.4% 148.7% 40.3% pts. 115.8% 141.5% 25.7% pts. 120.1% -120.1% pts.
of which loss ratio 87.0% 84.1% 83.7% 82.1% 105.0% 105.7% 94.0% 114.2% 127.2% 109.2% xx 30.5% 45.2% 4.2% ERROR:#VALUE! pts. 83.7% 114.2% 30.5% pts. 82.9% 121.3% 38.4% pts. 90.7% 115.5% 24.9% pts. 94.0% -94.0% pts.
of which expense ratio 23.2% 25.1% 24.7% 24.8% 23.7% 28.8% 25.3% 28.5% 25.2% 24.0% xx 3.8% 0.4% 0.3% ERROR:#VALUE! pts. 24.7% 28.5% 3.8% pts. 24.8% 26.7% 2.0% pts. 24.4% 25.4% 1.1% pts. 25.3% -25.3% pts.
Italy1 88.7% 85.5% 76.0% 67.7% 75.3% 71.2% 72.6% 76.8% 85.1% 81.9% xx 0.8% 17.4% 6.6% ERROR:#VALUE! pts. 76.0% 76.8% 0.8% pts. 71.8% 81.0% 9.2% pts. 73.0% 81.3% 8.3% pts. 72.6% -72.6% pts.
of which loss ratio 63.1% 61.1% 51.7% 46.4% 45.5% 49.6% 48.3% 54.0% 64.6% 60.8% xx 2.3% 18.2% 15.3% ERROR:#VALUE! pts. 51.7% 54.0% 2.3% pts. 49.0% 59.4% 10.3% pts. 47.8% 59.9% 12.0% pts. 48.3% -48.3% pts.
of which expense ratio 25.6% 24.5% 24.3% 21.3% 29.8% 21.6% 24.3% 22.8% 20.4% 21.2% xx -1.5% -0.9% -8.7% ERROR:#VALUE! pts. 24.3% 22.8% -1.5% pts. 22.8% 21.6% -1.2% pts. 25.2% 21.5% -3.7% pts. 24.3% -24.3% pts.
Brazil 96.1% 98.5% 99.9% 99.7% 105.3% 114.2% 104.9% 115.0% 112.7% 104.5% xx 15.1% 13.1% -0.8% ERROR:#VALUE! pts. 99.9% 115.0% 15.1% pts. 99.8% 113.8% 14.0% pts. 101.7% 110.4% 8.8% pts. 104.9% -104.9% pts.
of which loss ratio 68.7% 67.7% 67.6% 68.2% 70.9% 82.4% 72.4% 83.7% 81.4% 74.6% xx 16.1% 13.3% 3.7% ERROR:#VALUE! pts. 67.6% 83.7% 16.1% pts. 67.9% 82.5% 14.6% pts. 68.9% 79.6% 10.7% pts. 72.4% -72.4% pts.
of which expense ratio 27.4% 30.8% 32.3% 31.5% 34.4% 31.8% 32.5% 31.3% 31.3% 29.9% xx -1.0% -0.2% -4.4% ERROR:#VALUE! pts. 32.3% 31.3% -1.0% pts. 31.9% 31.3% -0.6% pts. 32.7% 30.8% -1.9% pts. 32.5% -32.5% pts.
Chile 104.2% 91.5% 95.1% 93.9% 91.5% 96.4% 94.3% 98.3% 96.0% 92.3% xx 3.2% 2.1% 0.7% ERROR:#VALUE! pts. 95.1% 98.3% 3.2% pts. 94.5% 97.1% 2.6% pts. 93.5% 95.4% 1.9% pts. 94.3% -94.3% pts.
of which loss ratio 72.5% 57.3% 67.5% 60.5% 63.4% 66.4% 64.5% 69.2% 63.6% 64.1% xx 1.7% 3.1% 0.7% ERROR:#VALUE! pts. 67.5% 69.2% 1.7% pts. 64.0% 66.2% 2.2% pts. 63.8% 65.5% 1.7% pts. 64.5% -64.5% pts.
of which expense ratio 31.7% 34.2% 27.6% 33.5% 28.1% 30.0% 29.8% 29.1% 32.4% 28.1% xx 1.5% -1.0% 0.0% ERROR:#VALUE! pts. 27.6% 29.1% 1.5% pts. 30.5% 30.8% 0.3% pts. 29.7% 29.9% 0.2% pts. 29.8% -29.8% pts.
Mexico 98.8% 97.0% 97.6% 95.4% 98.2% 97.3% 97.2% 93.3% 94.8% 95.0% xx -4.3% -0.5% -3.3% ERROR:#VALUE! pts. 97.6% 93.3% -4.3% pts. 96.5% 94.1% -2.4% pts. 97.1% 94.4% -2.7% pts. 97.2% -97.2% pts.
of which loss ratio 61.1% 58.4% 58.7% 57.8% 59.7% 59.2% 58.9% 55.9% 56.5% 55.8% xx -2.9% -1.4% -3.9% ERROR:#VALUE! pts. 58.7% 55.9% -2.9% pts. 58.3% 56.2% -2.1% pts. 58.8% 56.0% -2.7% pts. 58.9% -58.9% pts.
of which expense ratio 37.7% 38.6% 38.9% 37.5% 38.5% 38.2% 38.3% 37.4% 38.4% 39.2% xx -1.4% 0.8% 0.7% ERROR:#VALUE! pts. 38.9% 37.4% -1.4% pts. 38.2% 37.9% -0.3% pts. 38.3% 38.4% 0.1% pts. 38.3% -38.3% pts.
1 without HDI Italia (prev. Amissima)
² No IAS 29 adjustments before Q3 2022

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Solvency

Development of Solvency 2 capitalisation
12/31/17 12/31/18 12/31/19 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 9/30/22
Eligible Own Funds (excluding transitional) 17,008 17,407 19,419 18,876 20,218 20,579 21,119 21,924 22,505 21,976 22,037
Solvency capital requirement (excluding transitional) 8,259 8,345 9,224 9,179 9,394 9,810 10,363 10,533 10,509 10,416 10,420
Solvency 2 ratio (excluding transitional) 206% 209% 211% 206% 215% 210% 204% 208% 214% 211% 211%
Market risk ratio 44% 44% 43% 41% 42% 41% 41% 40% 40% 40% 41%
As-if-merged Solvency 2 CAR for the four German life entities (excl. transitional)
n/a n/a n/a 169% 208% 224% 269% 291% 318% 349% 380%

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Exchange rates

Exchange rates for our key foreign currencies
Balance sheet (reporting date) Statement of income (average) Statement of income (average) Statement of income (average) Statement of income (average)
3M 2022 vs. 3M 2021 6M 2022 vs. 6M 2021 9M 2022 vs. 9M 2021 2022A vs. 2021A
EUR 1 corresponds to 12/31/18 12/31/19 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 9/30/22 12/31/22 3M 2021 3M 2022 6M 2021 6M 2022 9M 2021 9M 2022 2021A 2022A
AUD Australia 1.6000 1.5596 1.5407 1.5846 1.6087 1.5596 1.4837 1.5106 1.5079 1.5596 1.5720 1.5439 -1.79% 1.5725 1.5215 -3.24% 1.5845 1.5081 -4.82% 1.5800 1.5800 0.00%
BRL Brazil 4.5128 6.4086 6.7732 5.8928 6.2684 6.4086 5.2974 5.3833 5.2629 6.4086 6.6173 5.8681 -11.32% 6.4562 5.5940 -13.36% 6.3639 5.4834 -13.84% 6.3833 6.3833 0.00%
CAD Canada 1.4620 1.4491 1.4779 1.4728 1.4748 1.4491 1.3901 1.3427 1.3389 1.4491 1.5337 1.4217 -7.31% 1.5092 1.3900 -7.90% 1.5007 1.3691 -8.77% 1.4882 1.4882 0.00%
CNY China 7.8181 7.2297 7.6834 7.6805 7.4841 7.2297 7.0418 6.9657 6.9380 7.2297 7.8352 7.1086 -9.27% 7.8006 7.0695 -9.37% 7.7417 7.0196 -9.33% 7.6408 7.6408 0.00%
GBP United Kingdom 0.8520 0.8393 0.8520 0.8578 0.8608 0.8393 0.8459 0.8581 0.8833 0.8393 0.8772 0.8382 -4.45% 0.8708 0.8432 -3.17% 0.8667 0.8486 -2.08% 0.8617 0.8617 0.00%
JPY Japan 122.1900 130.5000 129.8900 131.4500 129.6400 130.5000 135.0300 141.6500 140.9400 130.5000 128.0850 130.9200 2.21% 129.8814 134.2529 3.37% 129.9180 135.5740 4.35% 130.0415 130.0415 0.00%
MXN Mexico 21.0814 23.2733 24.0654 23.5966 23.7584 23.2733 22.0828 21.0081 19.6419 23.2733 24.5941 22.8698 -7.01% 24.3613 22.1267 -9.17% 24.1661 21.5391 -10.87% 24.0952 24.0952 0.00%
PLN Poland 4.2576 4.5982 4.6554 4.5181 4.6325 4.5982 4.6531 4.6869 4.8496 4.5982 4.5566 4.6314 1.64% 4.5420 4.6380 2.11% 4.5522 4.6780 2.76% 4.5699 4.5699 0.00%
USD USA 1.1190 1.1344 1.1730 1.1894 1.1576 1.1344 1.1102 1.0392 0.9745 1.1344 1.2069 1.1200 -7.20% 1.2064 1.0921 -9.48% 1.1975 1.0640 -11.14% 1.1853 1.1853 0.00%

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Disclaimer

Talanx AG published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 08:27:25 UTC.

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