Talanx AG

XTRA:TLX Stock Report

Market Cap: €28.6b

Talanx Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Torsten Leue

Chief executive officer

€4.1m

Total compensation

CEO salary percentage28.30%
CEO tenure15.7yrs
CEO ownershipn/a
Management average tenure4.8yrs
Board average tenure10yrs

Recent management updates

Recent updates

TLX: Recent Bullish Coverage And Buybacks Will Support Future Upside Confidence

Analysts held their fair value estimate for Talanx at €143, while modestly adjusting revenue growth, profit margin and future P/E assumptions after recent bullish research and an initiation of coverage that reinforced confidence in the current price target framework. Analyst Commentary Recent research has leaned firmly positive on Talanx, with bullish analysts aligning around the existing fair value framework and highlighting what they see as supportive fundamentals for the current valuation assumptions.

TLX: Constructive Street Tone And Capital Discipline Will Support Future Upside

Analysts have kept the Talanx fair value estimate steady at €143.00 while updating their assumptions on revenue growth, profit margins and a lower future P/E, reflecting recent research that takes a more constructive view on the shares. Analyst Commentary Recent Street research points to a more constructive tone around Talanx, with several bullish analysts aligning closer to the updated €143.00 fair value estimate and highlighting key drivers that could support that view over time.

TLX: Upgraded Stance And Higher Future P/E Will Support Further Upside

Narrative update on Talanx Analysts have nudged their price target on Talanx to €143. This is supported by updated assumptions for slower revenue growth, a slightly lower profit margin profile and a marginally higher future P/E of about 14.8x that collectively align with DZ Bank turning more positive on the shares.

TLX: Higher Assumed Revenue And Margins Will Likely Prove Overly Optimistic

Analysts have raised their price target for Talanx from €76 to €85, citing updated assumptions that now reflect different discount rate, revenue growth, profit margin, and future P/E inputs in their models. Valuation Changes Fair Value: raised from €76 to €85, an increase of around 12% in the modelled estimate.

TLX: Updated Pricing Assumptions Will Support Measured Future Upside Potential

Analysts have adjusted their price target for Talanx from €110.17 to €117.00, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E multiples in their models. Valuation Changes Fair Value increased from €110.17 to €117.00, indicating a slightly higher implied valuation in the latest model.

TLX: Higher Earnings Visibility And P/E Support Will Drive Further Share Upside

Analysts have lifted their price target on Talanx to €143 from €138, highlighting updated views on factors such as discount rate assumptions, revenue growth expectations, profit margins, and future P/E multiples. Analyst Commentary Recent research points to a more constructive stance on Talanx, with bullish analysts now working off a price target of €143 compared with the earlier €138 level.

TLX: Future Earnings Profile And P/E Repricing Will Support Further Share Upside

Analysts have lifted their price target on Talanx to €143 from €138, citing updated assumptions around revenue growth, profit margins and future P/E expectations. Analyst Commentary Bullish analysts are leaning into a more constructive view on Talanx, pointing to the higher €143 price target as a reflection of updated assumptions on revenue, profitability and P/E levels that they consider more supportive than before.

TLX: Future Earnings Guidance And Raised Price View Support Measured Upside Potential

Analysts have lifted their price target on Talanx from €138 to €143, citing updated research that supports a higher valuation while keeping core assumptions such as fair value, discount rate, growth and P/E expectations broadly unchanged. Analyst Commentary Bullish Takeaways Bullish analysts see the lift in the price target to €143 as a sign that their core assumptions on fair value and P/E remain intact, which can give some investors more comfort around the current valuation framework.

TLX: Future Earnings Execution Will Support Fair Value Amid Measured Upside Expectations

Analysts have marginally raised their price target on Talanx, reflecting slightly higher profit margin expectations that more than offset modestly lower revenue growth assumptions and support a fair value of approximately EUR 110.17 per share. Analyst Commentary Bullish analysts highlight that the higher price target reflects growing confidence in Talanx's ability to execute on its strategic initiatives, supporting a premium valuation versus prior assumptions.

TLX: Revenue Outlook And Margin Expansion Will Support Further Share Upside

Analysts have raised their price target on Talanx to EUR 143 from EUR 138, citing expectations of stronger revenue growth, improved profit margins, and a slightly lower future P E multiple. Together, these factors are seen as supporting a higher fair value despite a modestly higher discount rate.

TLX: Consistent Execution Will Support Fair Value With Elevated Revenue Expectations

The analyst price target for Talanx has increased by €5 to €143, reflecting analysts' confidence in stronger revenue growth and improved fair value estimates. Analyst Commentary Analysts have reviewed Talanx with an updated perspective following recent adjustments to price targets and company outlooks.

TLX: Net Income Outlook To Rise 30% By 2027 With Stable Margins

Analysts have raised their price target for Talanx from €104.40 to €106.40. This change reflects updated projections on the company's revenue growth and profit margin outlook.

Future Growth May Face Challenges, But Diversification Could Provide Stability

Talanx’s valuation outlook remains stable, as both its Future P/E and Net Profit Margin showed negligible changes, resulting in the consensus analyst price target holding steady at €104.40. What's in the News Talanx AG announced a share repurchase program to buy back up to 400,000 shares (approximately 0.15% of issued share capital) for a total of €48 million, aiming to meet obligations related to its employee share option program.
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Latin American Integration And Corporate & Specialty Growth Propel Insurer's Profitability Surge

Successful Liberty LatAm acquisition boosts Retail International revenue, strengthening overall earnings projections with positive growth impacts anticipated by 2025.

CEO Compensation Analysis

How has Torsten Leue's remuneration changed compared to Talanx's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025€4m€1m

€2b

Sep 30 2025n/an/a

€2b

Jun 30 2025n/an/a

€2b

Mar 31 2025n/an/a

€2b

Dec 31 2024€4m€1m

€2b

Sep 30 2024n/an/a

€2b

Jun 30 2024n/an/a

€2b

Mar 31 2024n/an/a

€2b

Dec 31 2023€4m€1m

€2b

Sep 30 2023n/an/a

€1b

Jun 30 2023n/an/a

€847m

Mar 31 2023n/an/a

€873m

Dec 31 2022€3m€1m

€706m

Sep 30 2022n/an/a

€1b

Jun 30 2022n/an/a

€1b

Mar 31 2022n/an/a

€990m

Dec 31 2021€3m€1m

€1b

Sep 30 2021n/an/a

€876m

Jun 30 2021n/an/a

€869m

Mar 31 2021n/an/a

€728m

Dec 31 2020€3m€850k

€648m

Sep 30 2020n/an/a

€700m

Jun 30 2020n/an/a

€771m

Mar 31 2020n/an/a

€910m

Dec 31 2019€3m€850k

€923m

Compensation vs Market: Torsten's total compensation ($USD4.79M) is about average for companies of similar size in the German market ($USD5.70M).

Compensation vs Earnings: Torsten's compensation has been consistent with company performance over the past year.

CEO

Torsten Leue (59 yo)

15.7yrs
Tenure
€4,085,000
Compensation

Mr. Torsten Leue has been Chairman of the Supervisory board at E+S R ckversicherung AG since March 1, 2019. He serves as the Chairman of Supervisory Board at Hannover Rck SE since May 08, 2019 and serves...

Leadership Team

NamePositionTenureCompensationOwnership
Torsten Leue
Chairman of the Management Board & CEO15.7yrs€4.09mno data
Jan Wicke
CFO & Member of the Management Board12yrs€2.24mno data
Edgar Puls
Member of the Management Board7yrs€1.67mno data
Wilm Langenbach
Member of Management Board5.4yrs€1.65mno data
Caroline Schlienkamp
Member of the Management Board4yrs€1.35mno data
Jens Warkentin
Member of the Board of Management3.3yrs€1.37mno data
Clemens Jungsthofel
Member of the Management Board1.1yrs€2.14mno data
Bernd Sablowsky
Head of Investor Relations and Mergers & Acquisitions4.8yrsno datano data
Andreas Krosta
Head of Group Communications.no datano datano data
Simone Auer
Chief Risk Officer3yrsno datano data
4.8yrs
Average Tenure
54yo
Average Age

Experienced Management: TLX's management team is considered experienced (4.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Norbert Steiner
Independent Member of Supervisory Board13yrs€131.00kno data
Herbert Haas
Independent Chairman of the Supervisory Board8yrs€559.00kno data
Dirk Lohmann
Independent Member of Supervisory Board13yrs€104.00kno data
Hermann Jung
Independent Member of Supervisory Board13yrs€158.00kno data
Joachim Brenk
Independent Member of Supervisory Board3yrs€115.00kno data
Jutta Hammer
Deputy Chairman of the Supervisory board15.3yrs€193.00kno data
Angela Titzrath
Independent Member of Supervisory Board8yrs€207.00kno data
Christoph Meister
Employee Representative Member of Supervisory Board12yrs€104.00kno data
Jens Schubert
Employee Representative Member of Supervisory Board12yrs€114.00kno data
Sebastian Gascard
Employee Representative Member of Supervisory Board7yrs€131.00kno data
Rainer-Karl Bock-Wehr
Employee Representative Member of Supervisory Board7yrs€104.00kno data
Christof Gunther
Independent Member of the Supervisory Board3yrs€133.00kno data
10.0yrs
Average Tenure
62.5yo
Average Age

Experienced Board: TLX's board of directors are seasoned and experienced ( 10 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/03 12:12
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Talanx AG is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel BischofBaader Helvea Equity Research
Andrew BroadfieldBarclays
Robert BateBarclays