Talanx AG (ETR: TLX)

Talanx AG Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	45,981	43,237	39,645	37,863	34,190	33,054
Total Interest & Dividend Income	3,292	2,366	1,078	3,565	2,608	3,431
Gain (Loss) on Sale of Investments	-469	-626	-823	1,175	1,638	969
Other Revenue	257	-	-	1,123	903	916
Total Revenue	49,061	44,977	39,900	43,726	39,339	38,370
Revenue Growth (YoY)	12.24%	12.72%	-8.75%	11.15%	2.53%	12.09%
Policy Benefits	38,428	36,375	32,777	30,711	27,944	26,366
Policy Acquisition & Underwriting Costs	4,141	4,141	3,515	7,901	7,671	7,070
Selling, General & Administrative	-	-	-	1,329	1,316	1,373
Other Operating Expenses	1,002	696	2,096	1,150	889	953
Total Operating Expenses	43,571	41,212	38,388	41,091	37,820	35,762
Operating Income	5,490	3,765	1,512	2,635	1,519	2,608
Interest Expense	-2,181	-363	-233	-223	-264	-362
Currency Exchange Gain (Loss)	214	-446	571	-54	189	3
Other Non Operating Income (Expenses)	2	3	1	-	-1	-1
EBT Excluding Unusual Items	3,525	2,959	1,851	2,358	1,443	2,248
Merger & Restructuring Charges	-56	-51	-	-63	-1	-
Gain (Loss) on Sale of Assets	3	5	801	3	11	1
Asset Writedown	-77	-79	-19	-21	-6	-10
Pretax Income	3,395	2,834	2,633	2,277	1,447	2,239
Income Tax Expense	531	289	731	548	277	568
Earnings From Continuing Ops.	2,864	2,545	1,902	1,729	1,170	1,671
Minority Interest in Earnings	-1,020	-964	-1,196	-718	-522	-748
Net Income	1,844	1,581	706	1,011	648	923
Net Income to Common	1,844	1,581	706	1,011	648	923
Net Income Growth	117.71%	123.94%	-30.17%	56.02%	-29.79%	31.29%
Shares Outstanding (Basic)	257	255	253	253	253	253
Shares Outstanding (Diluted)	257	255	253	253	253	253
Shares Change (YoY)	1.53%	0.62%	0.12%	0.01%	-	-
EPS (Basic)	7.17	6.21	2.79	4.00	2.56	3.65
EPS (Diluted)	7.17	6.21	2.79	4.00	2.56	3.65
EPS Growth	114.62%	122.56%	-30.25%	56.21%	-29.86%	31.29%
Free Cash Flow	7,698	8,095	5,876	9,880	5,948	6,808
Free Cash Flow Per Share	29.94	31.78	23.21	39.08	23.53	26.93
Dividend Per Share	2.350	2.350	2.000	1.600	1.500	1.500
Dividend Growth	17.50%	17.50%	25.00%	6.67%	0%	3.45%
Operating Margin	11.19%	8.37%	3.79%	6.03%	3.86%	6.80%
Profit Margin	3.76%	3.52%	1.77%	2.31%	1.65%	2.41%
Free Cash Flow Margin	15.69%	18.00%	14.73%	22.60%	15.12%	17.74%
EBITDA	5,746	4,054	1,810	2,967	1,855	2,936
EBITDA Margin	11.71%	9.01%	4.54%	6.79%	4.72%	7.65%
D&A For EBITDA	256	289	298	332	336	328
EBIT	5,490	3,765	1,512	2,635	1,519	2,608
EBIT Margin	11.19%	8.37%	3.79%	6.03%	3.86%	6.80%
Effective Tax Rate	15.64%	10.20%	27.76%	24.07%	19.14%	25.37%

Source: S&P Capital IQ. Insurance template. Financial Sources.