Talanx Group eyes 30% net income growth in 2027

The group raised its earnings targets to over $2.2b for 2025.

The Talanx Group aims to grow its net income by 30% to over $2.62m (€2.5b) in 2027, with an expected return on equity exceeding 12%.

Shareholders are set to benefit from these plans, which include raising dividend of $2.84 (€2.70) per share for 2024 and a target of $4.20 (€4) per share by 2027, representing a 50% increase.

The group has already exceeded its 2022 targets for return on equity, group net income, and dividend distributions. Key drivers of this success include profitable growth in primary insurance and the acquisition of former Liberty companies in Latin America in 2023 and 2024.

These acquisitions are expected to contribute over $84m (€80m) to the group's net income in 2024, a year ahead of schedule.

In November, the group raised its earnings targets to over $1.99b (€1.9b) for 2024 and over $2.2b (€2.1b) for 2025, based on positive business performance. It also forecasts a return on equity exceeding 15% in 2024.

($1 = €0.95)