Hannover, 7 May 2015
The shareholders of Talanx AG today approved by a large majority all resolutions proposed by the Board of Management and Supervisory Board. At the Annual General Meeting they resolved that a dividend of EUR 1.25 (1.20) per share should be paid, an increase of roughly four percent compared to the previous year. The dividend yield amounts to 4.9 percent based on the year-end closing price.
"We generated solid growth in the 2014 financial year. Thanks to our systematic internationalisation our premium volume and Group net income climbed to new record levels", Herbert K. Haas, Chief Executive Officer of Talanx AG, stated. "We are satisfied with this success, which our shareholders are also enjoying in the form of a good four percent increase in the dividend." In a challenging operating and regulatory environment the Talanx Group boosted its Group net income by 5.0 percent in 2014 to EUR 769 (732) million. Premium income in 2014 reached EUR 29.0 (28.1) billion.
410 shareholders were present at the Annual General Meeting in the Hannover Congress Centrum, representing 91.4 percent of the company's voting share capital.
About Talanx
With premium income of EUR 29.0 billion (2014) and more than 21,300 employees, Talanx is one of the major European insurance groups. The Hannover-based Group is active in some 150 countries. Talanx operates as a multi-brand provider with a focus on B2B insurance. The Group's brands include HDI, which operates in Germany and abroad, the global industrial insurer HDI-Gerling, Hannover Re, one of the world's leading reinsurers, Targo Versicherungen, PB Versicherungen and Neue Leben, the latter all specialized in bancassurance, the Polish insurer Warta, and the financial services provider Ampega. The rating agency Standard & Poor's has given the Talanx Primary Group a financial strength rating of A+/stable (strong) and the Hannover Re Group one of AA-/ stable (very strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).
You can find additional information by going to www.talanx.com.
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For media enquiries please contact:
Andreas Krosta Tel.: +49 511-3747-2020
E-mail: andreas.krosta@talanx.com
Dr. Gesa Panetta Tel.: +49 511-3747-2748
E-mail: gesa.panetta@talanx.com
For Investor Relations please contact:
Carsten Werle, CFA Tel.: +49 511-3747-2231
E-mail: carsten.werle@talanx.com
Marcus Sander, CFA Tel.: +49 511-3747-2368
E-mail: marcus.sander@talanx.com
Disclaimer
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG's control, affect Talanx AG's business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement.
Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
