Q1 2026 Talanx AG Earnings Call Transcript

May 13, 2026 / 07:00 AM GMT

Release Date Price: €105.15

Transcript

Key Points

Positve

Talanx AG (TLLXY) reported a 28% overall growth in net income, with primary insurance rising by 13% and reinsurance by 50%.
The company achieved a return on equity of approximately 19%, driven by strong first-quarter results.
Retail International segment showed impressive growth, with insurance revenue increasing by 8% in euro terms and 12% currency adjusted.
Talanx AG (TLLXY) has a strong balance sheet with a resiliency level at a record high, providing stability for future earnings and dividend growth.
The company is confident in achieving a group net income of around $2.7 billion, outperforming its strategic three-year plan one year early.

Negative

Achieving mid-single-digit revenue growth is expected to be more challenging, despite confidence in meeting the target.
Revenues in the Corporate and Specialty Division were subdued in Q1, raising concerns about future growth opportunities.
The Retail Germany segment saw a 3% decline in insurance revenue due to the end of the Tago Bank Corporation.
Ordinary investment income in the primary segment was lower year-on-year, despite portfolio restructuring efforts.
The market is softening in the Corporate and Specialty segment, requiring more selectivity in business operations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TLXGn.DE - Talanx AG
Q1 2026 Talanx AG Earnings Call
May 13, 2026 / 07:00AM GMT

=====================
Conference Call Participants
=====================
* Michael Huttner
Joh Berenberg Gossler & Co KG - Analyst
* Chris Hartwell
Autonomous Research - Analyst
* Hadley Cohen
Morgan Stanley & Co Ltd - Analyst
* Kamran Hossain
JPMorgan Chase & Co - Analyst
* Roland Pfander
Oddo BHF SCA - Analyst

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified Participant [1]
--------------------------------------------------------------------------------
That all segments have contributed to rising net income or shown rising net income and very decent return on equities.

Looking at the top-line, a little bit more into detail.

So currency adjusted, we have a growth of 3%, 5%. You can see adjusted growth is seen in the primary insurance, 1% is seen in

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.