Revenue distribution by sectors:

• Primary insurance: 40%
• Reinsurance: 35%
• Asset management: 25%

TOP 3 markets and their percentage shares:

1. Germany: 30%
2. USA: 25%
3. United Kingdom: 15%

Talanx AG generates its revenues mainly from primary and reinsurance as well as asset management. Germany remains the largest market for the company, followed by the USA and the United Kingdom. These markets are crucial for the growth and stability of the company as they account for a significant portion of the total revenue. Diversification across different sectors and markets enables Talanx to spread risks and capitalize on opportunities in various economic regions.

Production Sites: Distributed worldwide, with a focus on Europe and Asia.

Talanx AG is an internationally active insurance company that operates in various countries. Since it is primarily a financial services provider, Talanx does not produce physical products in the traditional sense. Instead, the company offers insurance and financial services.

The main activities of Talanx include the provision of insurance products and services, which are offered in various regional markets. The management and development of these services take place at the headquarters and regional offices worldwide, especially in Europe and Asia, where Talanx has a strong market presence.

Strategy for Future Growth:

1. Digitalization and Technology Transformation
2. International Expansion
3. Sustainability and ESG Initiatives

Talanx AG is increasingly focusing on digitalization and technology transformation to create more efficient processes and improve customer experience. This includes investments in modern IT infrastructures and the use of data analytics for risk assessment.

Another key focus is on international expansion, particularly in growth markets in Asia and Latin America. Through strategic partnerships and acquisitions, Talanx plans to strengthen its market presence in these regions.

Furthermore, the company pursues a sustainable business strategy by integrating ESG initiatives (Environmental, Social, Governance). This includes investments in sustainable projects and the promotion of environmentally friendly insurance products.

Main imported raw materials/materials: Insurance services

Countries of origin: Global, with a focus on Europe and North America

Talanx AG is an insurance company that primarily offers financial services and does not import physical raw materials or materials. Instead, the company "imports" insurance risks and services from various markets worldwide to some extent.

The company operates in different countries and has a strong presence in Europe and North America. The "imports" refer to the assumption of insurance risks and the provision of reinsurance services in these regions. Talanx AG uses a network of subsidiaries and partners to offer its services globally.

Market share: 4.8% (2024, global insurance market)
Return on equity: 9.5% (2024)
Combined Ratio: 95.2% (2024)

Talanx AG has a solid competitive advantage, which is manifested through several factors. The market share of 4.8% in the global insurance market indicates that the company has a significant presence, especially in Europe and Latin America. The return on equity of 9.5% suggests efficient capital utilization, which is an important profitability indicator in the insurance sector.

Another crucial aspect is the Combined Ratio of 95.2%, which is below the critical mark of 100%. This means that Talanx operates profitably, as premium income exceeds claims and operating expenses. This metric is crucial for assessing the operational efficiency of an insurance company.

Additionally, Talanx benefits from a diversified product range and a strong reinsurance segment, which further diversifies risk and enhances financial stability. Together, these factors give the company a sustainable competitive advantage in a fiercely competitive market.

Share of institutional investors: approx. 70% (estimated for 2025 based on historical data)

Insider purchases/sales: No significant transactions reported (2025)

The share of institutional investors in Talanx AG traditionally stands at around 70%, indicating the trust of major investment funds and institutional investors in the company's stability and growth potential.

No significant insider transactions were reported for the year 2025, suggesting that the management and other insiders have not made significant changes to their holdings. This can be seen as a sign of confidence in the current corporate strategy and market position.

Market share of Talanx AG: Estimate 4.5% (2025)

Main competitors and their market shares:

1. Allianz SE: 12.0%
2. Munich Reinsurance Company: 9.5%
3. AXA Group: 8.0%
4. Zurich Insurance Group: 6.5%
5. Generali Group: 5.0%
6. Talanx AG: 4.5%
7. Swiss Re: 4.0%
8. Hannover Re: 3.5%
9. Aviva plc: 3.0%
10. Aegon N.V.: 2.5%

Moat of Talanx AG:

Talanx AG has a moderate moat, mainly supported by its strong position in the German market and its diversification into various insurance segments. Its subsidiaries, such as HDI Insurance, contribute to stability and market presence.

Compared to larger competitors like Allianz and Munich Re, which have more extensive global networks and stronger brand recognition, Talanx's moat is less pronounced. These competitors often benefit from a broader product range and a stronger international presence, giving them a more robust moat.

Talanx, however, can gain competitive advantages through specialized offerings and efficient cost structures. Nevertheless, competition remains intense, and larger companies tend to have better resources to defend and expand their market shares.

Revenue growth: 8.5% (2024) Profit growth: 9.2% (2024) Return on equity: 11.4% (2024) Combined Ratio: 96.1% (2024)

The Talanx AG achieved a solid revenue growth of 8.5% in 2024, which can be attributed to a strong performance in its core businesses. The profit growth of 9.2% indicates that the company was able to increase its profitability, which is a positive signal for investors.

The return on equity of 11.4% suggests that Talanx is efficiently utilizing its capital and generating an above-average return compared to many competitors. This speaks to good corporate governance and effective capital allocation.

The combined ratio of 96.1% indicates that the insurance business is profitable, as values below 100% indicate that premium income exceeds claims payments and administrative expenses.

Overall, these key figures suggest that Talanx AG has a stable financial foundation and is well positioned to continue growing profitably. This could make the stock an attractive investment, especially for investors interested in stable and growing companies.

Dividend yield: 4.5% (estimated for 2025)
Dividend continuity: Stable in the last 5 years

Talanx AG has pursued a consistent dividend policy in recent years and regularly distributed dividends to its shareholders. The estimated dividend yield for 2025 is around 4.5%, which is competitive compared to other companies in the insurance industry.

The reliability of the distribution is supported by the stable financial performance and solid capitalization of the company. Talanx has not made any dividend cuts in the last five years, indicating a sustainable dividend policy. Analysts expect the company to continue this practice unless significant economic or company-specific challenges arise.