Meanwhile, at 12.9%, Talanx’s return on equity was well above the minimum target of 8.4%.
For fiscal year 2023, the group forecasts group net income of approximately €1.4 billion. In a results release, Talanx revealed that its board of directors intends to increase the dividend for fiscal year 2022 by 25% to €2.00 per share, to allow shareholders to also benefit from the success of the Talanx Group. .
Subject to the approval of the supervisory board and the general meeting, the Talanx Group is establishing the starting point for the new strategy cycle for the period up to 2025, which was announced in December 2022. This will allow:
- a 25% increase in group net income in the period up to 2025, to a total of €1.6 billion
- a 25% dividend increase by 2022 to €2
- an additional 25% increase to €2.50 by 2025.
Return on equity is expected to exceed 10% across the group by 2025.
Talanx will publish its final key financial figures and full consolidated financial statements on March 15, 2023. But in addition to its preliminary results, the group has published its full-year forecast to 2023, in which its key financial figures will be based on IFRS. 17. and IFRS 9 for the first time.
“This has resulted in a change in the way revenue is presented, with insurance revenue reported rather than gross written premiums,” the group said in a results statement. “It reflects the payment received for insurance services rendered to policyholders during the reporting period. Collections and payments of savings components and reinsurance commissions are no longer included.
“For fiscal year 2023, Talanx anticipates insurance revenue of approximately €42 billion. Group net income is expected to be approximately €1.4 billion, while targeting a minimum return on equity of 10%, in line with the group’s strategy.
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