Talanx –

On the move worldwide

Talanx operates as an insurance group in around 150 countries. The various brands are tailored towards the widely varying requirements of global markets. The Group is not standing still: The most recent takeovers in Poland, which make the Polish market Talanx’s second-largest in Europe, and the successful IPO testify to the Group’s dynamism, which is underpinned by solid financial foundations.

Talanx – Highlights of 2012

The Talanx Group changed in many areas last year. We are now a listed company and a member of the MDAX, and we have gained a second core market, Poland, in our retail business. Industrial Lines has expanded its network, and we have focused our Group’s brands – our image and face on the market – and positioned them more clearly.

 

January 2012: Hannover Re enables capital market to participate in insurance risks

Hannover Re successfully boosts its protection against peaks in risk by allowing the capital market to participate in (natural) catastrophe risks again. It increases its cover (“K Cession”) by around USD 20 million to USD 350 million.

Photo: Herbert K. Haas

Talanx – Foreword

Dear Shareholders,

Ladies and Gentlemen,

2012 was a historic year for the Talanx Group. We listed the Talanx share on the Frankfurt Stock Exchange on 2 October despite a difficult market environment, thereby achieving a strategic goal that we had been pursuing for some time. With a volume of EUR 817 million, the IPO was at the time the largest since March 2010. The placement price was EUR 18.30 per share and the first traded price was around 4% higher, at EUR 19.05. The share price had risen around 17% above the allocation price by the end of 2012, and this pleasing development continued in the new year.

Foreword

  • Chart: Business year 2012 - Gross written premium
  • Chart: Business year 2012 - Operating result (EBIT)
  • Chart: Business year 2012 - Assets under own management

Talanx – Management report

The eventful 2012 financial year for the Talanx Group was a pleasing one. The IPO on 2 October was successful, with a first traded price of EUR 19.05, well above the placement price of EUR 18.30. By the end of the year, the share price had gained 17%. Gross premium income was up almost 13% year-on-year at EUR 26.7 billion. Although the capital market environment remained difficult overall, the Group’s net investment income increased to EUR 3.8 (3.3) billion. As the burden of major losses for the Group was moderate in the year under review, the combined ratio decreased to 96.4%. Operating profit (EBIT) grew by more than 42% to EUR 1.8 (1.2) billion, while Group net income improved by around 22% to EUR 630 (515) million.

Management report