Key figures

The Talanx Group is Germany’s third-largest insurance group. Talanx operates as a multi-brand provider in the primary insurance and reinsurance sectors. Its brands include HDI and HDI-Gerling, providing insurance solutions for retail 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 AmpegaGerling. The Group transacts business in the areas of property/casualty and life insurance as well as non-life and life/health reinsurance. Based in Hannover, Germany, the Group is active in 150 countries and enjoys excellent financial strength.

Group key figures

 

2010

2009

+/– %

IFRS

       

Gross written premium

EUR m

22,869

20,923

+9.3

Net premium earned

EUR m

18,753

17,323

+8.3

Underwriting result

EUR m

–2,036

–1,031

–97.5

         

Combined ratio (property/casualty insurance and non-life reinsurance) 1)

%

100.9

96.7

+4.2 points

Net investment income

EUR m

3,177

2,658 2)

+19.5

Operating profit (EBIT)

EUR m

1,032

1,497 2)

–31.1

Net profit (after tax)

EUR m

670

893 2)

–25.0

Group net income (after minorities)

EUR m

220

485 2)

–54.6

Return on equity after tax 3)

%

4.6

11.8 2)

–7.2 points

         

Policyholders' surplus

EUR m

10,782

9,156 2)

+17.8

Total shareholders' equity

EUR m

4,956

4,574 2)

+8.4

Minority interests

EUR m

3,035

2,579 2)

+17.7

Hybrid capital

EUR m

2,791

2,003

+39.3

Investments under own management

EUR m

72,461

67,036 2)

+8.1

Total investments

EUR m

83,422

76,385 2)

+9.2

Return on investment 4)

%

4.2

3.7

+0.5 points

Total assets

EUR m

111,368

101,565

+9.7

         

Staff (full-time equivalents as at 31.12. of the financial year)

 

16,874

16,921

–0.3


For mathematical reasons rounding differences of ± one unit may arise in the tables.

1) Combined ratio adjusted for deposit interest received

2) Adjusted on the basis of IAS 8

3) Group net income for the period excluding minorities relative to average shareholders’ equity excluding minority interests

4) Investment income excluding deposit interest received relative to average investments under own management

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Gross premium by Group segments
Piechart: Gross premium by Group segments
Gross premium by regions
Piechart: Gross premium by regions