Talanx AG (ETR: TLX)

Talanx AG Balance Sheet

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
Investments in Debt Securities	111,212	107,765	101,591	107,987	103,693	99,747
Investments in Equity & Preferred Securities	4,457	4,877	4,477	6,612	5,025	4,167
Policy Loans	-	-	-	101	107	115
Other Investments	1	1	-	5,452	4,657	4,666
Total Investments	138,081	134,610	126,357	125,893	117,525	112,629
Cash & Equivalents	4,088	5,102	3,592	4,002	3,477	3,518
Reinsurance Recoverable	7,498	7,074	7,492	16,126	13,359	13,978
Other Receivables	1,012	2,773	3,108	16,258	16,161	14,911
Deferred Policy Acquisition Cost	-	-	-	6,020	5,528	5,940
Separate Account Assets	13,625	12,478	11,266	13,687	11,619	11,824
Property, Plant & Equipment	-	1,003	1,018	1,006	1,001	1,061
Goodwill	1,649	1,611	1,020	1,028	1,040	1,105
Other Intangible Assets	762	782	452	889	839	893
Other Current Assets	363	727	1,408	859	299	326
Long-Term Deferred Tax Assets	1,336	1,358	1,224	611	323	326
Other Long-Term Assets	5,558	1,829	1,542	11,145	9,864	11,083
Total Assets	173,972	169,347	158,479	197,524	181,035	177,594
Accounts Payable	-	132	97	205	173	202
Accrued Expenses	-	780	639	1,438	1,259	1,368
Insurance & Annuity Liabilities	133,506	130,264	122,606	127,859	119,282	116,927
Unearned Premiums	-	-	-	12,154	10,538	9,837
Reinsurance Payable	557	737	564	7,417	6,487	6,870
Current Portion of Long-Term Debt	-	290	837	34	11	60
Current Portion of Leases	-	82	78	75	79	57
Current Income Taxes Payable	987	513	349	299	327	313
Long-Term Debt	8,609	8,367	8,230	7,157	5,741	5,727
Long-Term Leases	-	366	388	387	358	385
Long-Term Deferred Tax Liabilities	2,325	2,271	2,296	2,513	2,497	2,160
Separate Account Liability	-	-	-	13,687	11,619	11,824
Other Current Liabilities	24	3,071	2,981	805	128	61
Other Long-Term Liabilities	8,751	3,804	3,261	3,240	2,894	2,811
Total Liabilities	156,367	152,553	144,147	179,579	163,936	160,984
Common Stock	323	323	317	316	316	316
Retained Earnings	9,618	9,050	7,998	8,709	8,062	7,795
Comprehensive Income & Other	1,095	1,074	325	1,751	1,989	2,038
Total Common Equity	11,036	10,447	8,640	10,776	10,367	10,149
Minority Interest	6,569	6,347	5,692	7,169	6,732	6,461
Shareholders' Equity	17,605	16,794	14,332	17,945	17,099	16,610
Total Liabilities & Equity	173,972	169,347	158,479	197,524	181,035	177,594
Filing Date Shares Outstanding	258.8	258.06	253.35	253.1	252.8	252.8
Total Common Shares Outstanding	258.8	258.06	253.35	253.1	252.8	252.8
Total Debt	8,609	9,105	9,533	7,653	6,189	6,229
Net Cash (Debt)	-4,521	-4,003	-5,941	-3,651	-2,712	-2,711
Net Cash Per Share	-17.58	-15.72	-23.47	-14.44	-10.73	-10.72
Book Value Per Share	42.64	40.48	34.10	42.58	41.01	40.15
Tangible Book Value	8,625	8,054	7,168	8,859	8,488	8,151
Tangible Book Value Per Share	33.33	31.21	28.29	35.00	33.58	32.24
Machinery	-	615	521	472	476	485

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