Talanx

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Talanx AG
Company type Aktiengesellschaft
FWB:  TLX
MDAX Component
Industry Financial services
Predecessor Gerling-Konzern   OOjs UI icon edit-ltr-progressive.svg
Founded1996;29 years ago (1996)
Headquarters Hanover, Germany
Area served
Worldwide
Products Insurance, Reinsurance, asset management
Revenue€43.6 billion (2020)
€2.4 billion (EBIT) (2020)
€923 million (2020)
Total assets €193 billion (2020)
Number of employees
23,324 (2020)
Parent HDI Haftpflichtverband der Deutschen Industrie  OOjs UI icon edit-ltr-progressive.svg
Subsidiaries Ampega Investment GmbH
CiV Life
Hannover Re
HDI Haftpflichtverband der Deutschen Industrie
neue leben
PB Versicherungen
Posta Biztosító
Talanx Asset Management GmbH
Talanx Immobilien Management GmbH
TARGO Versicherungen
WARTA
Website www.talanx.com

Talanx is a German multinational financial services company headquartered in Hanover, Germany. Its core businesses include reinsurance, insurance and asset management. [1] Talanx is Germany's third-largest insurance group and one of the major European insurance groups by premium income. [1] The group operates in more than 150 countries.

Contents

The Talanx Group operates as a multi-brand provider with a focus on B2B insurance. It Is a constituent of the MDAX, trading index of German mid-cap companies. [2]

Operations

Talanx Group Structure Talanx markenwelt de 1600x958 2019.jpg
Talanx Group Structure

Talanx is headed by Talanx AG, which assumes the functions of a management and financial holding company within the Group but is not itself active in insurance business. The largest majority shareholder of Talanx AG is HDI V.a.G., a mutual insurance company. The operational insurance business is conducted by the Group companies of the Talanx Group.

The Group has tailored its structure to four operating customer segments: The business segments Industrial Insurance, Private and Commercial Lines Germany, Private and Commercial Lines International and Property/Casualty Reinsurance. In addition, the Group is active in asset management, which is anchored in the segment Corporate Functions:

In May 2023, Talanx announced the acquisition of companies from Liberty Mutual. Talanx announced the purchase deal of Liberty Seguros personal and small commercial business in the regions of Brazil, Chile, Ecuador and Colombia, The deal is expected to make Talanx the third-largest insurer in Latin America. [3]

References

  1. 1 2 "Talanx | Talanx. Insurance. Investments". www.talanx.com. Retrieved 10 August 2023.
  2. "Außerplanmäßige Wechsel in DAX, MDAX und SDAX". boerse-frankfurt.de. Börse Frankfurt. 27 October 2021. Retrieved 17 February 2022.
  3. "Talanx acquires Liberty Mutual businesses". www.insurancebusinessmag.com. Retrieved 30 May 2023.