Quarterly Statement as of 30 September 2022
QUARTERLY STATEMENT
Talanx grows premiums and Group net income significantly despite high losses from natural disasters
- Double-digitrise in gross premiums (18.5 percent, or
13.8 percent adjusted for currency effects) toEUR 41.7 (35.2) billion - Group net income up 8.6 percent to
EUR 785 (723) million - squarely on track to meet annual targets - Combined ratio of 98.6 (97.6) percent driven by reserves related to
Ukraine and large losses caused by Hurricane "Ian" - Retuon equity up year-on-year at 11.5 (9.2) percent
- Robust Solvency 2 ratio of 211 percent
- Full-yearoutlook for Group net income confirmed for
EUR 1,050-1,150 million range
Hannover,
"We have delivered a strong performance in the year to date, despite the
challenges posed by the high large losses from natural disasters. Among
Group Communications Tel. +49 511 3747-2022E-mail:gc@talanx.com
Investor Relations
Tel. +49 511 3747-2227E-mail:ir@talanx.com
HDI-Platz 1 30659 Hannover Germany www.talanx.com
QUARTERLY STATEMENT
other things, this is due to our comparatively low exposure to Hurricane "Ian". Our strategy, with its decentralised divisions and extensive diversification across different countries, lines and risks has clearly proven to be right once more. The third quarter in particular has demonstrated the solid state of our primary insurance operations. Moreover, the profitability enhancement measures in the Industrial Lines Division are having an extremely positive effect. All in all, we remain extremely optimistic that we shall meet our ambitious goals in 2022", said
The combined ratio rose slightly year-on-year in the reporting period up to
2
QUARTERLY STATEMENT
Net investment income amounted to
Third quarter: clear increase in Group net income
In the third quarter, the
Industrial Lines: strong double-digit premium growth in the specialty, liability and property business in particular
Premium growth at the Industrial Lines Division rose by a clear double- digit 17.8 percent in the first nine months, to
3
QUARTERLY STATEMENT
In the third quarter, gross written premiums jumped by 19.9 percent year- on-year to
Retail
At
Gross written premiums in the Property/Casualty segment rose by a double-digit 10.3 percent in the first nine months to
4
QUARTERLY STATEMENT
with small and medium-sized enterprises and liberal professions. Moreover, growth in unemployment insurance was recorded. The combined ratio was 99.9 (96.8) percent and was dominated by claims expenses resulting from natural disasters (the storms in February and low-pressure system "Emmelinde" in May). In addition, claims frequency levels for motor insurance returned to pre-pandemic levels in the first nine months. Moreover, higher inflation strongly impacted average loss amounts. Consequently, operating profit for the reporting period amounted to
In the third quarter, gross written premiums increased by 9.0 percent year-on-year to
Life Insurance segment: increases in biometric business and bancassurance
In the first nine months, premium income in the Life Insurance segment (including the savings elements of premiums from unit-linked life insurance) stood at
In the third quarter, premium volumes in the Life Insurance segment totalled
5
Attachments
Disclaimer


Agriculture Reinsurance Market Size Is Projected To Surpass USD 29.26 billion By 2027
Financial Data Supplement zum 30. September 2022 (in englischer Sprache)
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