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August 10, 2022 Newswires
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Interim Report Talanx 6M 2022

German Equity Markets (Web Disclosure) via PUBT

Talanx Group Interim Report as at 30 June 2022

GROUP KEY FIGURES

+/-

6M 2022

6M 2022 vs

Unit

6M 2021

6M 2021

Gross written premiums

EUR million

28,332

24,075

+17.7 %

by region

Germany

%

20

20

-0.2 ppts

United Kingdom

%

8

9

-0.2 ppts

Central and EasteEurope (CEE), including Turkey

%

7

7

-0.3 ppts

Rest of Europe

%

15

17

-2.4 ppts

USA

%

25

21

+4.0 ppts

Rest of North America

%

4

4

+0.2 ppts

Latin America

%

6

6

+0.2 ppts

Asia and Australia

%

14

15

-1.1 ppts

Africa

%

1

1

-0.1 ppts

Gross written premiums by type and class of insurance 1

Property/casualty primary insurance

EUR million

8,519

7,196

+18.4 %

Life primary insurance

EUR million

3,101

3,215

-3.5 %

Property/casualty reinsurance

EUR million

12,054

9,275

+30.0 %

Life/health reinsurance

EUR million

4,352

4,128

+5.4 %

Net premiums earned

EUR million

21,198

18,272

+16.0 %

Underwriting result

EUR million

-498

-982

-49.3 %

Net investment income

EUR million

1,887

2,350

-19.7 %

Net retuon investment 2

%

2.7

3.3

-0.7 pt.

Operating profit/loss (EBIT)

EUR million

1,358

1,333

+1.9 %

Net income (after financing costs and taxes)

EUR million

957

936

+2.3 %

of which attributable to shareholders of Talanx AG

EUR million

560

546

+2.6 %

Retuon equity 3

%

11.8

10.5

+1.3 ppts

Earnings per share

Basic earnings per share

EUR

2.21

2.16

+2.3 %

Diluted earnings per share

EUR

2.21

2.16

+2.3 %

Combined ratio in property/casualty primary insurance and

property/casualty reinsurance 4

%

98.4

95.9

+2.5 ppts

Combined ratio of property/casualty primary insurers 1

%

97.0

94.9

+2.1 ppts

Combined ratio of property/casualty reinsurance

%

99.1

96.0

+3.0 ppts

30.6.2022

31.12.2021

+/-

Policyholders' surplus

EUR million

18,104

22,704

-20.3 %

Equity attributable to shareholders of Talanx AG

EUR million

8,240

10,776

-23.5 %

Non-controlling interests

EUR million

5,603

7,169

-21.9 %

Hybrid capital

EUR million

4,261

4,759

-10.5 %

Assets under own management

EUR million

129,170

136,073

-5.1 %

Total investments

EUR million

142,297

147,835

-3.7 %

Total assets

EUR million

195,954

197,524

-0.8 %

Carrying amount per share at end of period

EUR

32.56

42.58

-23.5 %

Share price at end of period

EUR

36.32

42.54

-14.6 %

Market capitalisation of Talanx AG at end of period

EUR million

9,193

10,767

-14.6 %

as at the

reporting

Employees

date

24,049

23,954

+0.4 %

  1. Excluding Corporate Operations segment and after elimination of intragroup cross-segment transactions.
  2. Ratio of annualised net investment income excluding interest income on funds withheld and contract deposits and profit on investment contracts to average assets under own management (30.6.2022 and 31.12.2021).
  3. Ratio of annualised net income for the period excluding non-controlling interests to average equity excluding non-controlling interests.
  4. Combined ratio taking into account interest income on funds withheld and contract deposits, before elimination of intragroup cross-segment transactions.

Contents

PAG E

Interim Group Management Report

Report on economic position

4

Other reports and declarations

18

PAG E

Interim consolidated financial statements

Consolidated balance sheet

24

Consolidated statement of income

26

Consolidated statement of comprehensive income

27

Consolidated statement of changes in equity

28

Consolidated cash flow statement

30

Notes to the interim consolidated

financial statements

32

PAG E

Review report

58

Responsibility statement

59

Guideline on Alternative Performance Measures - for further information on the calculation and definition of specific alternative performance measures please refer to https://www.talanx.com/en/investor_relations/reporting/outlook

2 Talanx Group

Half-yearly financial report as at 30 June 2022

Interim Group Management Report

Half-yearly financial report as at 30 June 2022

Talanx Group 3

Interim

Group

Management

Report

PAGE

Report on economic position

4

Other reports and declarations

18

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Disclaimer

Talanx AG published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 05:35:49 UTC.

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