Talanx projects 25% net income rise in FY 2024

The company foresees a return on equity of 17.8%.  

The Talanx Group expects its fiscal year 2024 (FY 2024) net income to jump 25% year-on-year (YoY) to $2.1b (€2.0b), preliminary figures showed.

Primary Insurance contributed about 49% of the total net income, whilst insurance revenue rose to $49.5b (€48.1b). 

The company projects a return on equity of 17.8%.  

Talanx has confirmed its earnings target of more than $2.2b (€2.1b) for 2025, with plans to grow net income to over $2.6b (€2.5b) by 2027. 

The company will release its final financial figures and full consolidated statements on 19 March.

($1.00 = €0.97)