Talanx Group has projected a 25% year-on-year (YoY) increase in its net income for the fiscal year 2024, reaching $2.1 billion (€2.0 billion), according to preliminary figures.
The company reported that its Primary Insurance segment was the largest contributor to this growth, accounting for approximately 49% of the total net income. Meanwhile, insurance revenue climbed to $49.5 billion (€48.1 billion).
Talanx also anticipates a return on equity of 17.8% for the year.
Looking ahead, the company has reiterated its earnings target for 2025, aiming to surpass $2.2 billion (€2.1 billion). By 2027, Talanx plans to increase its net income to over $2.6 billion (€2.5 billion).
The company will release its final financial results and full consolidated statements on March 19.
(Note: Exchange rate: $1.00 = €0.97)
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