Talanx AG Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	42,333	41,105	36,554	39,645	37,863
Total Interest & Dividend Income	5,465	1,836	3,187	1,078	3,565
Gain (Loss) on Sale of Investments	-1,080	-455	-763	-823	1,175
Other Revenue	-891	-1,087	-684	-	1,123
Total Revenue	45,827	41,399	38,294	39,900	43,726
Revenue Growth (YoY)	10.70%	8.11%	-4.03%	-8.75%	11.15%
Policy Benefits	30,773	30,367	29,733	32,777	30,711
Policy Acquisition & Underwriting Costs	5,201	5,082	4,125	3,515	7,901
Selling, General & Administrative	-	-	-	-	1,329
Other Operating Expenses	1,948	1,739	671	2,096	1,150
Total Operating Expenses	37,922	37,188	34,529	38,388	41,091
Operating Income	7,905	4,211	3,765	1,512	2,635
Interest Expense	-351	-372	-363	-233	-223
Currency Exchange Gain (Loss)	-2,375	951	-446	571	-54
Other Non Operating Income (Expenses)	1	-1	3	1	-
EBT Excluding Unusual Items	5,180	4,789	2,959	1,851	2,358
Merger & Restructuring Charges	-49	-30	-51	-	-63
Gain (Loss) on Sale of Assets	-23	-29	5	801	3
Asset Writedown	-33	-44	-79	-19	-21
Pretax Income	5,075	4,686	2,834	2,633	2,277
Income Tax Expense	1,186	1,402	289	731	548
Earnings From Continuing Ops.	3,889	3,284	2,545	1,902	1,729
Minority Interest in Earnings	-1,409	-1,307	-964	-1,196	-718
Net Income	2,480	1,977	1,581	706	1,011
Net Income to Common	2,480	1,977	1,581	706	1,011
Net Income Growth	25.44%	25.05%	123.94%	-30.17%	56.02%
Shares Outstanding (Basic)	258	258	255	253	253
Shares Outstanding (Diluted)	258	258	255	253	253
Shares Change (YoY)	-	1.39%	0.62%	0.12%	0.01%
EPS (Basic)	9.60	7.66	6.21	2.79	4.00
EPS (Diluted)	9.60	7.65	6.21	2.79	4.00
EPS Growth	25.49%	23.24%	122.56%	-30.25%	56.21%
Free Cash Flow	8,373	8,431	8,095	5,876	9,880
Free Cash Flow Per Share	32.42	32.65	31.78	23.21	39.08
Dividend Per Share	3.600	2.700	2.350	2.000	1.600
Dividend Growth	33.33%	14.89%	17.50%	25.00%	6.67%
Operating Margin	17.25%	10.17%	9.83%	3.79%	6.03%
Profit Margin	5.41%	4.78%	4.13%	1.77%	2.31%
Free Cash Flow Margin	18.27%	20.36%	21.14%	14.73%	22.60%
EBITDA	8,121	4,615	4,137	1,810	2,967
EBITDA Margin	17.72%	11.15%	10.80%	4.54%	6.78%
D&A For EBITDA	216	404	372	298	332
EBIT	7,905	4,211	3,765	1,512	2,635
EBIT Margin	17.25%	10.17%	9.83%	3.79%	6.03%
Effective Tax Rate	23.37%	29.92%	10.20%	27.76%	24.07%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.