New Risk • May 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: €3.00 (vs €2.34 in 1Q 2025) First quarter 2026 results: EPS: €3.00 (up from €2.34 in 1Q 2025). Revenue: €11.0b (down 3.5% from 1Q 2025). Net income: €774.0m (up 28% from 1Q 2025). Profit margin: 7.1% (up from 5.3% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 28% per year. Upcoming Dividend • May 02
Upcoming dividend of €3.60 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 12 May 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Austrian dividend payers (3.9%). Lower than average of industry peers (4.7%). Declared Dividend • Mar 29
Dividend increased to €3.60 Dividend of €3.60 is 33% higher than last year. Ex-date: 8th May 2026 Payment date: 12th May 2026 Dividend yield will be 3.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 26
Allianz Global Investors Deutschland GmbH agreed to acquire an unknown majority stake in Amprion GmbH from Talanx AG (XTRA:TLX) Allianz Global Investors Deutschland GmbH agreed to acquire an unknown majority stake in Amprion GmbH from Talanx AG (XTRA:TLX) on March 26, 2026.
Moritz Petersen, Frank Scholderer, Annette Röhder, Gregor Evenkamp, Dimitri Slobodenjuk, Anne Filzmoser of Clifford Chance LLP acted as legal advisor for Talanx AG.
The transaction is expected to be completed in the second quarter of 2026, subject to the usual closing conditions. New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: €9.60 (vs €7.66 in FY 2024) Full year 2025 results: EPS: €9.60 (up from €7.66 in FY 2024). Revenue: €49.9b (up 20% from FY 2024). Net income: €2.48b (up 25% from FY 2024). Profit margin: 5.0% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 38% per year. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: €2.29 (vs €1.95 in 3Q 2024) Third quarter 2025 results: EPS: €2.29 (up from €1.95 in 3Q 2024). Revenue: €7.65b (down 29% from 3Q 2024). Net income: €591.0m (up 18% from 3Q 2024). Profit margin: 7.7% (up from 4.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 14
Talanx Ag Provides Consolidated Earnings Guidance for the Financial Year 2026 and 2027 Talanx Ag provided Consolidated Earnings Guidance for the Financial Year 2026 and 2027. For the year, the company expects consolidated net income of approximately EUR 2.7 billion for the financial year 2026.
For the year, the company expects increase the consolidated net income generated in the financial year 2024 by 30% to around EUR 2.57 billion by 2027. Announcement • Aug 18
Talanx AG (XTRA:TLX) announces an Equity Buyback for 400,000 shares, representing 0.15% for €48 million. Talanx AG (XTRA:TLX) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing approximately 0.15% of its issued share capital for a total of €48 million. The purpose of the program is to meet the obligations in connection with the share option program for the employees. The repurchased shares will be offered to the employees participating under the employee share program 2025. The repurchase program will expire on December 31, 2025. Reported Earnings • Aug 14
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €12.2b (flat on 2Q 2024). Net income: €769.0m (up 49% from 2Q 2024). Profit margin: 6.3% (up from 4.2% in 2Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Insurance industry in Europe. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: €2.34 (vs €2.22 in 1Q 2024) First quarter 2025 results: EPS: €2.34 (up from €2.22 in 1Q 2024). Revenue: €12.8b (up 6.3% from 1Q 2024). Net income: €604.0m (up 5.6% from 1Q 2024). Profit margin: 4.7% (in line with 1Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 02
Upcoming dividend of €2.70 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 13 May 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Austrian dividend payers (5.4%). Lower than average of industry peers (4.3%). Declared Dividend • Mar 31
Dividend increased to €2.70 Dividend of €2.70 is 15% higher than last year. Ex-date: 9th May 2025 Payment date: 13th May 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 28
Talanx AG, Annual General Meeting, May 08, 2025 Talanx AG, Annual General Meeting, May 08, 2025, at 10:30 W. Europe Standard Time. Declared Dividend • Feb 10
Dividend increased to €2.70 Dividend of €2.70 is 15% higher than last year. Ex-date: 9th May 2025 Payment date: 13th May 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 07
Talanx AG to Report First Half, 2025 Results on Aug 14, 2025 Talanx AG announced that they will report first half, 2025 results on Aug 14, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: €1.95 (vs €1.79 in 3Q 2023) Third quarter 2024 results: EPS: €1.95 (up from €1.79 in 3Q 2023). Revenue: €9.26b (down 4.2% from 3Q 2023). Net income: €502.0m (up 11% from 3Q 2023). Profit margin: 5.4% (up from 4.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: €2.00 (vs €1.59 in 2Q 2023) Second quarter 2024 results: EPS: €2.00 (up from €1.59 in 2Q 2023). Revenue: €15.5b (up 44% from 2Q 2023). Net income: €518.0m (up 28% from 2Q 2023). Profit margin: 3.3% (down from 3.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: €2.22 (vs €1.67 in 1Q 2023) First quarter 2024 results: EPS: €2.22 (up from €1.67 in 1Q 2023). Revenue: €12.0b (down 6.4% from 1Q 2023). Net income: €572.0m (up 35% from 1Q 2023). Profit margin: 4.7% (up from 3.3% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • Mar 24
Full year 2023 earnings released Full year 2023 results: Revenue: €53.2b (up 7.2% from FY 2022). Net income: €1.58b (up 35% from FY 2022). Profit margin: 3.0% (up from 2.4% in FY 2022). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Insurance industry in Europe. Declared Dividend • Mar 24
Dividend increased to €2.35 Dividend of €2.35 is 18% higher than last year. Ex-date: 8th May 2024 Payment date: 10th May 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 09
Talanx AG to Report Fiscal Year 2023 Results on Feb 08, 2024 Talanx AG announced that they will report fiscal year 2023 results on Feb 08, 2024 Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: €15,047 (vs €0.89 in 3Q 2022) Third quarter 2023 results: EPS: €15,047 (up from €0.89 in 3Q 2022). Revenue: €35t (up €35t from 3Q 2022). Net income: €3.81t (up €3.81t from 3Q 2022). Profit margin: 11% (up from 1.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 70% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 6.5%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.0% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Announcement • Oct 24
Talanx Ag Provides Earnings Guidance for the Financial Year 2023 Talanx AG provided earnings guidance for the financial year 2023. For the year, the company expects consolidated net income for the full financial year 2023 that will significantly exceed EUR 1.5 billion. Announcement • Oct 21
Talanx AG to Report Fiscal Year 2023 Results on Mar 21, 2024 Talanx AG announced that they will report fiscal year 2023 results on Mar 21, 2024 Announcement • Sep 21
Talanx AG has completed a Follow-on Equity Offering in the amount of €301.35 million. Talanx AG has completed a Follow-on Equity Offering in the amount of €301.35 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,900,000
Price\Range: €61.5
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: €1.59 (vs €1.70 in 2Q 2022) Second quarter 2023 results: EPS: €1.59 (down from €1.70 in 2Q 2022). Revenue: €10.7b (up 37% from 2Q 2022). Net income: €404.0m (down 6.0% from 2Q 2022). Profit margin: 3.8% (down from 5.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. Announcement • Jul 24
Talanx AG to Report Q3, 2023 Results on Nov 13, 2023 Talanx AG announced that they will report Q3, 2023 results at 1:30 PM, Central European Standard Time on Nov 13, 2023 Buying Opportunity • Jul 05
Now 20% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €65.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to decline by 0.6% in 2 years. Earnings is forecast to grow by 22% in the next 2 years. Announcement • May 17
Talanx AG to Report Q1, 2023 Results on May 15, 2023 Talanx AG announced that they will report Q1, 2023 results at 7:30 AM, Central European Standard Time on May 15, 2023 Upcoming Dividend • Apr 30
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 11 May 2021. Trailing yield: 4.2%. Within top quartile of Austrian dividend payers (3.2%). Lower than average of industry peers (4.7%). Is New 90 Day High Low • Feb 16
New 90-day high: €33.90 The company is up 6.0% from its price of €31.92 on 18 November 2020. The Austrian market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €72.03 per share. Is New 90 Day High Low • Dec 30
New 90-day high: €31.94 The company is up 16% from its price of €27.54 on 01 October 2020. The Austrian market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €70.17 per share. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS €2.06 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: €10.2b (up 4.6% from 3Q 2019). Net income: €194.0m (down 27% from 3Q 2019). Profit margin: 1.9% (down from 2.7% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Is New 90 Day High Low • Nov 11
New 90-day high: €31.86 The company is up 1.0% from its price of €31.52 on 13 August 2020. The Austrian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Insurance industry, which is also up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.88 per share. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 18% share price gain to €31.60, the stock is trading at a trailing P/E ratio of 10.4x, up from the previous P/E ratio of 8.8x. This compares to an average P/E of 11x in the Insurance industry in Europe. Total returns to shareholders over the past three years are 6.7%. Is New 90 Day High Low • Oct 22
New 90-day low: €27.04 The company is down 19% from its price of €33.20 on 24 July 2020. The Austrian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €61.14 per share. Is New 90 Day High Low • Sep 19
New 90-day low: €29.90 The company is down 10.0% from its price of €33.14 on 19 June 2020. The Austrian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.01 per share. Announcement • Sep 13
Talanx AG to Report Q1, 2021 Results on May 06, 2021 Talanx AG announced that they will report Q1, 2021 results on May 06, 2021