Talanx reports record H1 net income of 1.37 billion euros

By Michael Jones

Aug 14 - (The Insurer) - Talanx's net income increased almost 26% year on year to a record 1.37 billion euros ($1.6 billion) in the first half of 2025, the insurer said on Thursday.

As a result, Talanx has raised its full-year forecast from more than 2.1 billion euros to roughly 2.3 billion euros.

Its combined ratio improved by 0.5 percentage points year on year to 90.7% for H1 2025.

Large loss payments increased to 1.13 billion euros from 750 million euros in H1 2024. However, Talanx said the figure came in below the pro rata budget of 1.27 billion.

Large losses from natural disasters totalled 764 million euros, while man-made large losses amounted to 369 million euros. California wildfires were the largest single loss at 624 million euros.

The insurance service result increased by 11% year on year to 2.6 billion euros for the first half of 2025.

Insurance revenue grew by 5% to 24.2 billion euros, driven in primary insurance by the retail business and corporate and specialty business.

Retail international insurance revenue increased by 9% year on year to 4.7 billion euros in the first half of the year, mainly due to organic growth in Poland and its motor business in Mexico.

The division's combined ratio improved by 1.4 points to 90.8%, while its insurance service result grew by 24% to 478 million euros.

Corporate and specialty insurance revenue increased by 8% year on year to 5.1 billion euros. Its combined ratio deteriorated by 0.5 points to 91.6% for the first half of 2025.

Talanx's P&C reinsurance segment grew insurance revenue by 5% year on year to 9.5 billion euros for H1 2025.

Alongside its raised net income forecast, Talanx said the group expects a return on equity of approximately 18% for the full year.