Talanx AG
€129.90
As of Sun 8 Nov 2026, 12:00 UTC
XETRA:TLX
Financials
Country
Germany
PE (Fwd)
•••
TSR 10Y CAGR
21.02%
Div yield
2.77%
ROE
20.37%
Insurance (Diversified)
Beta (5Y)
0.30
PE TTM
12.89
TSR TTM
27.28%
Mkt cap
€33.52B
Combined
—
SE Grade™
★☆☆
Value
☆☆☆
Quality
★★☆
Moat
★★☆
Consensus
Reference
€161
€67
24.21%
(48.24%)
Hold
2|4|1|1|8
4Q25
1Q26
2Q26
3Q26
Earnings per share
€
1.47
1.48
1.65
1.69
11.24%
15.34%
14.89%
12.82%
Revenue
€B
1.574
1.616
1.616
1.610
7.44%
8.29%
2.27%
1.28%
TTM
FYE 31 Dec
EUR
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026E
Trend
5Y
10Y
Peers
4.615
Revenue
€B
3.393
3.452
3.570
3.654
3.699
3.797
4.010
4.074
4.106
4.209
4.749
2.62%
2.59%
83
26.04
Revenue growth
%
18.17
17.04
15.64
14.33
12.12
11.44
13.16
14.23
12.96
15.77
3.64
13.16
14.28
35
19.06
Combined R.
%
91.46
91.81
90.83
92.58
90.82
91.04
92.13
91.90
92.44
92.57
2.70
92.13
91.86
77
29.69
Operating margin
%
22.22
22.32
21.34
23.50
23.58
21.07
20.20
17.76
20.02
20.34
12.11
20.20
21.20
84
19.70
Net margin
%
25.33
26.33
26.54
29.17
30.38
28.59
28.93
28.99
30.38
28.23
10.54
28.93
28.76
81
9.316
P/E ratio (avg)
x
28.37
31.46
29.64
31.66
30.09
31.11
28.69
30.83
28.81
29.96
24.15
29.96
30.02
84
24.18
P/TBV
x
18.77
17.57
20.06
20.66
24.18
22.77
26.13
25.62
27.00
28.53
36.41
26.13
23.47
67
23.75
P/B
x
8.762
10.44
11.13
12.93
15.36
18.32
18.24
20.18
21.25
20.74
16.07
20.18
16.80
21
12.88
Prem. grth
%
22.72
25.52
24.29
22.12
22.09
21.34
24.07
21.37
20.65
20.09
11.29
21.34
22.11
60
29.31
Invest. yld
%
8.54
7.80
10.13
7.15
4.75
2.04
2.64
2.19
4.41
5.34
10.82
2.64
5.04
60
16.47
BVPS grth
%
11.16
8.99
8.18
7.73
5.57
5.22
7.40
8.16
10.46
7.54
28.84
7.54
7.95
41
22.26
Return on equity
%
24.32
23.65
23.10
22.07
24.03
24.40
25.42
27.51
29.06
28.27
6.27
27.51
24.36
36
5.31
Return on assets
%
10.83
11.21
13.44
11.48
10.64
11.83
11.96
9.31
11.66
13.48
19.69
11.83
11.57
36
2.90
EPS
€
6.08
7.10
7.65
7.91
7.84
7.68
8.67
8.25
8.29
8.63
3.08
1.93%
3.77%
—
23.37
EPS growth
%
35.68
33.10
33.62
36.61
35.92
37.61
37.45
34.67
32.49
31.89
24.68
34.67
35.18
28
5.55
Bookvalue per sh
€
4.96
5.04
5.12
5.01
5.54
5.25
5.74
5.06
4.52
4.85
13.89
(2.64%)
0.34%
—
7.68
TBV/sh
€
8.68
9.83
11.01
12.46
14.40
14.89
14.77
16.30
16.52
16.47
14.05
2.71%
8.18%
—
9.33
Dividend per sh
€
6.13
6.47
6.37
6.47
6.78
6.22
6.49
6.15
5.85
6.30
8.22
(1.48%)
1.57%
—
14.70
Div yield (avg)
%
28.94
26.63
27.33
26.71
26.37
26.28
27.17
25.70
26.91
29.13
22.09
26.91
26.81
19
7.03
Payout ratio
%
12.96
14.96
13.80
14.79
17.43
14.72
11.74
14.10
13.78
12.89
18.50
13.78
13.95
33
264.1
Shares (diluted)
M
279.0
274.0
256.9
283.5
306.0
328.5
322.8
302.4
339.1
345.2
255.0
2.44%
2.29%
94
24.46
Buyback yield
%
8.57
11.28
11.70
13.80
15.45
14.56
11.56
11.23
11.39
10.65
3.60
11.39
11.48
29
1.389
D/E ratio
x
1.984
2.104
2.285
2.639
3.112
3.448
3.617
4.270
5.106
5.607
1.272
4.270
3.280
60
0.768
Assets
€B
15.06
16.87
18.39
20.27
21.03
23.17
25.69
29.10
29.81
33.39
0.311
9.70%
8.81%
21
2.517
LT debt
€B
1.134
1.285
1.400
1.449
1.379
1.467
1.384
1.496
1.405
1.370
2.205
(0.14%)
1.00%
65
Peers (US$37.64B)
Cap (US$)
PE
Allianz SE
189.4B
14.79x
Münchener Rückversiche…
79.25B
10.60x
Hannover Rück SE
39.68B
12.93x
The Hartford Insurance…
35.83B
8.118x
Capital
TTM
5Y
10Y
Leverage
x
2.346
(0.738)
(0.712)
EBIT/Int
x
7.318
0.103
0.115
Own earn
%
—
—
—
Sh yield
%
39.16
38.73
38.88
Owners
Insiders/Inst
%
7.58
83.05
Short interest
%
1.17
SBC / revenue
%
4.93
Record
10Y
Profitable years
10/10
Revenue growth years
10/10
EPS growth years
10/10
Dividend streak
yrs
6
Op margin range
%
18–24
$1 test
x
0.0
Incr. ROIC
%
—
Talanx AG provides insurance and reinsurance products and services worldwide.
Growth vs revenue
Latest
Trend
10Y CAGR
Rel growth
Revenue
€4.209B
2.59%
1.00×
Claims and benefits
€2.316B
2.44%
0.99×
Total costs
€3.567B
2.73%
1.01×
Revenue mix
Share
Trend
Premiums
87.55%
Investment income
6.29%
Other
6.15%
Reinvestment returns
10Y median
Trend
Retention rate
32.00%
Return on capital
4.48%
Spread over hurdle
n/m
-