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Talanx lifts full-year outlook after record €1.50 billion H1 profit
Talanx said its Solvency II ratio rose to 246% from 224%, while its combined ratio improved to 88.7% from 90.7%.
Talanx Group, the owner of HDI and Hannover Re, reported record first-half 2026 net income of €1.50 billion, up 9% from €1.37 billion a year earlier. The German insurer raised its full-year outlook above its prior target of about €2.7 billion.
For the period, insurance revenue adjusted for currency effects rose 3% to €24.3 billion, and the insurance service result increased 15% to €2.9 billion. Operating profit climbed 11% to €3.2 billion as every division posted record earnings.
Talanx’s Solvency II ratio strengthened to 246% from 224%, and its combined ratio improved to 88.7% from 90.7%. Large loss payments totaled €942 million, well below the pro rata budget of €1.416 billion.
The company cited natural catastrophe losses including Winter Storm Fern in the US and Canada at €132 million and Atlantic storms impacting the Iberian Peninsula and Morocco at €127 million. Chairman Torsten Leue said the net impact of large loss payments was nearly half a billion euros below budget, and Talanx now expects net income significantly above €2.7 billion for the year.