Talanx Group closes 2006 with record figures

| Source: Talanx AG Talanx AG

  • Operating profit (EBIT) of € 1.3 billion breaks through the one billion euro barrier for the first time, despite integration expenditure of € 166 million for Gerling
  • Gross premium income (incl. savings elements of premium from unit-linked insurance) surges by 25.6 % to € 19.4 billion, principally due to pro-rata first-time consolidation of Gerling
  • Proportion of portfolio attributable to primary insurance premiums grows by 10.6 percentage points
  • Number of policies in primary insurance surpasses 20 million for the first time
  • Integration of Gerling companies well advanced
  • Market share in life insurance again substantially enlarged
  • Bancassurance
    • activities to be launched in Russia and Turkey in the fall
     
     
    Hannover, 21 June 2007
     
    The Talanx Group closed 2006 on a successful note. With its best ever operating profit of just under € 1.3 billion it generated EBIT in excess of the one billion euro mark for the first time. The healthy rise in the operating profit was all the more gratifying in view of expenditure of € 166.3 million incurred in connection with the Gerling integration. On the other hand, the acquisition of the Gerling companies brought about a decisive surge in gross premium income to € 19.4 (15.4) billion. This corresponds to a doubling in gross premium in just seven years. What is more, the number of policies in primary insurance has been doubled within a mere three years: with 20.8 million policies it surpassed the 20 million mark for the first time in 2006. Both in terms of EBIT and the development of the Group's portfolio, the goals pursued with the Gerling acquisition began to be reflected in the desired results in the very first year.
     
     
    In case of queries please contact: Thomas v. Mallinckrodt +49-511-37 47 - 20 20
     
    Talanx AG
    Press and Public Relations
    Riethorst 2
    30659 Hannover
    Germany
    Tel. +49 (0)511/3747-2022
    Fax +49 (0)511/3747-2025
    www.talanx.com
     
     
    The press release (including tables) can be downloaded from the following link:

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    Press Release (PDF)