Hannover, 11 May 2016
The shareholders of Talanx AG have approved by a large majority all resolutions proposed by the Board of Management and Supervisory Board. At today's Annual General Meeting, they voted for the payment of a EUR 1.30 (1.25) dividend per share. Based on the 2015 average share price, this corresponds to a dividend yield of 4.6 percent. The dividend has therefore increased in every financial year since the IPO in 2012.
"Our shareholders should also benefit from the commercial success Talanx Group has achieved in the previous financial year. This further dividend increase underlines that we are upholding our consistent and attractive dividend policy," said Herbert K. Haas, Chairman of the Board of Management of Talanx AG. The gross written premiums for Talanx Group increased by 9.7 percent to EUR 31.8 (29.0) billion in 2015. Operating profit (EBIT) grew by 15.3 percent to a record high of EUR 2.2 (1.9) billion. At EUR 734 (769) million, the Group net income achieved the second-highest number in the history of the company, despite the complete goodwill impairment in the amount of EUR 155 million in the German life insurance business.
425 shareholders were represented at the Annual General Meeting at the Hannover Congress Centrum, corresponding to 91.85 percent of the company's voting share capital.
About Talanx
With premium income of EUR 31.8 billion (2015) and about 22,000 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. Under the HDI brand, which can look back on more than 100 years of tradition, Talanx operates both in Germany and abroad in industrial lines as well as retail business. Further Group brands include 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
Christoph Boßmeyer Tel.: +49 511-3747-2094
E-mail christoph.bossmeyer@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.
