Talanx
Type | Aktiengesellschaft |
---|---|
FWB: TLX SDAX Component | |
Industry | Financial services |
Founded | 1996 |
Headquarters | Hanover, Germany |
Area served | Worldwide |
Products | Reinsurance, Insurance, asset management |
Revenue | €43.6 billion (2020)[1] |
€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 |
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 are reinsurance, insurance and asset management.[2] Talanx is Germany's third-largest and one of the major European insurance Groups by premium income.[3] The Group is headquartered in Hannover, Germany and is active in more than 150 countries. The Talanx Group operates as a multi-brand provider with a focus on B2B insurance. As of 2016, it was a constituent of the MDAX trading index of German mid-cap companies.[1] In September 2018 it was shifted from MDAX to SDAX.[2]
Operations[]
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:
- Ampega: Ampega Investment GmbH, Ampega Asset Management GmbH and Ampega Real Estate GmbH are responsible for asset management and funds provider activities aimed at institutional and private clients.
- CiV Life: CiV Life operates internationally within the Talanx Group in the private and corporate insurance sector.
- Hannover Re (Reinsurance Division): Talanx subsidiary Hannover Re (German Hannover Rück), with a gross premium of around €22.6 billion, is a European reinsurance group and third-largest reinsurance group in the world. Its headquarters is in Hannover, Germany.
- HDI Haftpflichtverband der Deutschen Industrie: German insurance for private and corporate clients through branch office and direct sales.
- LifeStyle Protection: The LifeStyle Protection insurance companies develop simple and innovative product solutions for lifestyle risk insurance.
- neue Leben: neue leben is part of the Talanx Group's Private and Commercial Insurance Germany division
- PB Insurance: As a partner of Postbank, the PB Versicherungen brand is tailored to the needs of Postbank customers.
- Posta Biztosító: Talanx cooperates with the Hungarian postal service in the bancassurance sector.
- TARGO Insurances: TARGOBANK and the Talanx Group have a long-standing bancassurance cooperation.
- TU Europa: The TU Europa Group is a leader in the field of bancassurance in Poland.
- WARTA: WARTA, based in Warsaw, is a subsidiary of HDI International AG.
References[]
- ^ "MDAX Constituents". Frankfurt Stock Exchange. Deutsche Börse. Retrieved 19 April 2016.
- ^ "So sehen MDax, SDax und TecDax künftig aus" (in German). Handelsblatt. 6 September 2018.
External links[]
- Official website (English)
- Financial Times
- Bloomberg
- Forbes
- Documents and clippings about Talanx in the 20th Century Press Archives of the ZBW
- Financial services companies established in 1996
- Insurance companies of Germany
- Companies listed on the Frankfurt Stock Exchange
- Companies based in Hanover
- German company stubs