General information

Based in Hannover/Germany, Talanx AG heads Germany’s third-largest insurance group – with premium income of EUR 22.9 (20.9) billion in 2010 – as a financial and management holding company. It does not, however, itself transact insurance business. The Group, which is active in more than 150 countries worldwide through cooperation arrangements, offers high-quality insurance services in non-life and life insurance as well as reinsurance and also conducts business in the asset management sector.

The Group operates as a multi-brand provider in the divisions of Industrial Lines, Retail Germany, Retail International, Non-Life Reinsurance and Life/Health Reinsurance as well as Corporate Operations. Its brands include HDI and HDI-Gerling, offering insurance solutions for retail and commercial customers as well as industrial clients, Hannover Re – one of the world’s leading reinsurers –, the bancassurance specialists Neue Leben, PB and TARGO Versicherungen as well as the investment fund provider and asset manager AmpegaGerling. At the end of 2010 the companies belonging to the Talanx Group employed a total global workforce* of 16,874 (16,921).

Talanx AG is a wholly-owned subsidiary of HDI Haftpflichtverband der Deutschen Industrie Versicherungsverein auf Gegenseitigkeit (ultimate parent company), Hannover (HDI V. a. G.), and the parent company for all Group companies belonging to HDI V. a. G. It is entered in the commercial register of Hannover County Court under the number HR Hannover B 52546 with the address “Riethorst 2, 30659 Hannover”. In accordance with §§ 341 et seq. of the German Commercial Code (HGB) HDI V. a. G. is obliged to prepare consolidated annual accounts that include the annual financial statements of Talanx AG and its subsidiaries. The consolidated annual accounts of the parent company are published in the electronic federal gazette.

* Full-time equivalents as at 31 December