CFO Dr Jan Wicke: Nine months in 2023 - Talanx continues on its record course and raises profit forecast

Τρίτη, 14 Νοεμβρίου 2023 20:02

"After nine months, we expect to not only achieve our profit target for 2023, but even exceed it," says Talanx CFO, Jan Wicke.

Talanx increases insurance revenue after nine months to EUR 32.3 (29.9) billion and Group net income to EUR 1.3 (0.9) billion. The return on equity stands at 18.4 (13.9) per cent. The strong insurance service result was a key driver in the first nine months, buoyed by inflation-related price increases and large loss payments that remained within budget.

Due to the strong result, the Group is raising its profit forecast for 2023 from EUR 1.4 billion to over EUR 1.5 billion and is expecting to reach its medium-term target, which was originally for 2025, a year earlier than planned. Furthermore, Talanx shall exceed it with its new target for Group net income of EUR 1.7 billion.

You can find out more about the result and the outlook for the current and coming financial year in the video by Jan Wicke here.

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