Talanx reports 92.8% combined ratio for Q1

By Scott Vincent

May 15 - (The Insurer) - Talanx reported a first-quarter combined ratio of 92.8% on Thursday, with the German insurance group confirming its 2025 profit target of 2.1 billion euros ($2.35 billion).

Group net income rose 5% to 604 million euros, in line with a preliminary disclosure issued on April 29.

Primary insurance accounted for 60% of Talanx’s net income in the quarter, with the group’s reinsurance business, Hannover Re, affected by the Los Angeles wildfires.

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