Talanx reports record-breaking start to the year amid high claims

Talanx reports record-breaking start to the year amid high claims


Talanx performance across divisions

In the reinsurance division, insurance revenue increased 5% to €7.0 billion. However, the insurance service result declined to €515 million from €720 million, driven by the California wildfires. The investment result before currency effects in reinsurance saw a modest increase to €252 million. Operating profit for the division was €702 million, down from €813 million, and the contribution to group net income fell to €240 million from €305 million.



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