Talanx AG Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Investments in Debt Securities	-	116,611	117,137	107,765	101,591	107,987
Investments in Equity & Preferred Securities	-	2,487	2,235	4,877	4,477	6,612
Policy Loans	-	-	-	-	-	101
Other Investments	148,400	-	1	1	-	5,452
Total Investments	148,400	143,759	143,604	134,610	126,357	125,893
Cash & Equivalents	-	5,260	5,167	5,102	3,592	4,002
Reinsurance Recoverable	7,500	7,548	7,721	7,074	7,492	16,126
Other Receivables	1,000	3,005	3,496	2,773	3,108	16,258
Deferred Policy Acquisition Cost	-	-	-	-	-	6,020
Separate Account Assets	-	14,839	14,138	12,478	11,266	13,687
Property, Plant & Equipment	-	877	933	1,003	1,018	1,006
Goodwill	-	1,578	1,592	1,611	1,020	1,028
Other Intangible Assets	2,300	668	693	782	452	889
Other Current Assets	-	877	766	727	1,408	859
Long-Term Deferred Tax Assets	-	1,093	1,206	1,358	1,224	611
Other Long-Term Assets	24,500	1,310	1,103	1,007	1,542	11,145
Total Assets	183,700	180,814	180,419	168,525	158,479	197,524
Accounts Payable	-	179	124	132	97	205
Accrued Expenses	-	1,199	1,080	780	639	1,438
Insurance & Annuity Liabilities	138,700	137,316	139,315	130,264	122,606	127,859
Unearned Premiums	-	-	-	-	-	12,154
Reinsurance Payable	500	671	714	737	564	7,417
Current Portion of Long-Term Debt	-	1,438	86	290	837	34
Current Portion of Leases	-	83	90	82	78	75
Current Income Taxes Payable	-	907	995	513	349	299
Long-Term Debt	-	6,461	8,282	8,367	8,230	7,157
Long-Term Leases	-	284	329	366	388	387
Long-Term Deferred Tax Liabilities	-	2,411	2,014	2,271	2,296	2,513
Separate Account Liability	-	-	-	-	-	13,687
Other Current Liabilities	-	3,172	3,003	3,071	2,981	805
Other Long-Term Liabilities	22,300	4,057	4,058	2,982	3,261	3,240
Total Liabilities	161,500	159,917	161,924	151,731	144,147	179,579
Common Stock	14,300	323	323	323	317	316
Retained Earnings	-	12,350	10,350	9,049	7,998	8,709
Comprehensive Income & Other	-	795	988	1,075	325	1,751
Total Common Equity	14,300	13,468	11,661	10,447	8,640	10,776
Minority Interest	7,900	7,429	6,834	6,347	5,692	7,169
Shareholders' Equity	22,200	20,897	18,495	16,794	14,332	17,945
Total Liabilities & Equity	183,700	180,814	180,419	168,525	158,479	197,524
Filing Date Shares Outstanding	258	258.13	258.08	258.06	253.35	253.1
Total Common Shares Outstanding	258	258.13	258.08	258.06	253.35	253.1
Total Debt	-	8,266	8,787	9,105	9,533	7,653
Net Cash (Debt)	-	-3,006	-3,620	-4,003	-5,941	-3,651
Net Cash Per Share	-	-11.64	-14.02	-15.72	-23.47	-14.44
Book Value Per Share	55.43	52.17	45.18	40.48	34.10	42.58
Tangible Book Value	12,000	11,222	9,376	8,054	7,168	8,859
Tangible Book Value Per Share	46.51	43.47	36.33	31.21	28.29	35.00
Machinery	-	510	632	615	521	472

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.