The Talanx Group is the third-largest insurance group in Germany. Talanx operates as a multi-brand provider in insurance and reinsurance business. Its brands include HDI and HDI-Gerling, providing insurance for private, commercial and industrial customers, Hannover Re, one of the industry’s leading reinsurers, the bancassurance specialists Targo Versicherungen, PB Versicherungen and Neue Leben as well as the investment fund provider and asset manager AmpegaGerling. The Group transacts business in the segments of Property/Casualty Primary Insurance, Life Primary Insurance, Non-Life Reinsurance and Life/Health Reinsurance. The Hannover-based Group is active in 150 countries and is equipped with excellent financial strength.
Key figures
Group key figures |
2009 |
2008 |
+/– % |
|
|
IFRS |
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|
Gross written premium |
EUR m |
20,923 |
19,005 |
+10 |
|
Property/Casualty Primary Insurance |
% |
28 |
31 |
–3 points |
|
Life Primary Insurance |
% |
27 |
30 |
–3 points |
|
Non-Life Reinsurance |
% |
25 |
24 |
+1 points |
|
Life/Health Reinsurance |
% |
20 |
15 |
+5 points |
|
Net premium earned |
EUR m |
17,323 |
14,915 |
+16 |
|
Net underwriting result |
EUR m |
–987 |
–559 |
–77 |
|
Combined ratio |
% |
96.6 |
95.2 |
+1.4 points |
|
Net investment income |
EUR m |
2,866 |
1,610 |
+78 |
|
Operating profit (EBIT) |
EUR m |
1,535 |
612 |
+151 |
|
Net profit (after tax) |
EUR m |
932 |
115 |
+711 |
|
Group net income (after minorities) |
EUR m |
526 |
183 |
+187 |
|
Policyholders’ surplus |
EUR m |
9,195 |
7,792 |
+18 |
|
Total shareholders’ equity excl. minority interests |
EUR m |
4,614 |
3,626 |
+27 |
|
Minority interests |
EUR m |
2,578 |
2,092 |
+23 |
|
Hybrid capital |
EUR m |
2,003 |
2,074 |
–3 |
|
Return on equity after tax 2) |
% |
12.8 |
5.0 |
+7.8 points |
|
Investments (excluding funds held by ceding companies) |
EUR m |
67,036 |
62,224 |
+8 |
|
Total assets |
EUR m |
103,004 |
95,534 |
+8 |
|
Staff (full-time equivalents as at 31.12. of the financial year) |
16,921 |
16,541 |
+2 |
|
2) Group net income (after minorities) relative to average shareholders’ equity ( position as at 01.01. + position as at 31.12. ) |
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