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Talanx AG (TLLXY) Q4 2024 Earnings Call Highlights: Record Growth and Strategic Insights
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Thu 27 Jun 24, 03:04 AM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 3194.00M | 2278.00M | 1473.00M | 2243.00M | 1862.00M |
| Minority interest | -1289.00000M | -718.00000M | 6732.00M | 6461.00M | 5548.00M |
| Net income | 1172.00M | 1011.00M | 673.00M | 923.00M | 703.00M |
| Selling general administrative | - | - | - | - | 1290.00M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 48990.00M | 43129.00M | 39137.00M | 37783.00M | 33784.00M |
| Reconciled depreciation | 217.00M | 173.00M | 83.00M | 61.00M | 99.00M |
| Ebit | 1933.00M | 1561.00M | 695.00M | 1428.00M | 1109.00M |
| Ebitda | 2150.00M | 1734.00M | 778.00M | 1489.00M | 1208.00M |
| Depreciation and amortization | 217.00M | 173.00M | 83.00M | 61.00M | 99.00M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 1933.00M | 1561.00M | 695.00M | 1428.00M | 1109.00M |
| Other operating expenses | 45796.00M | 40851.00M | 37664.00M | 35540.00M | 31922.00M |
| Interest expense | 249.00M | 223.00M | 264.00M | 259.00M | 235.00M |
| Tax provision | 730.00M | 548.00M | 277.00M | 568.00M | 503.00M |
| Interest income | 3550.00M | 2962.00M | 2882.00M | 2978.00M | 192.00M |
| Net interest income | -138.00000M | -150.00000M | -177.00000M | -202.00000M | -184.00000M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 730.00M | 548.00M | 277.00M | 568.00M | 503.00M |
| Total revenue | 48990.00M | 43129.00M | 39137.00M | 37783.00M | 33784.00M |
| Total operating expenses | 45796.00M | 40851.00M | 37664.00M | 35540.00M | 32056.80M |
| Cost of revenue | - | - | - | - | 29834.00M |
| Total other income expense net | -31.00000M | -2.00000M | 255.00M | 63.00M | 97.00M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 2464.00M | 1730.00M | 1196.00M | 1675.00M | 1359.00M |
| Net income applicable to common shares | 1172.00M | 1011.00M | 648.00M | 923.00M | 703.00M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 193133.00M | 197524.00M | 181037.00M | 177594.00M | 162879.00M |
| Intangible assets | 897.00M | 890.00M | 839.00M | 893.00M | 895.00M |
| Earning assets | - | - | - | - | - |
| Other current assets | - | 16904.00M | 13565.00M | 14218.00M | 13179.00M |
| Total liab | 180541.00M | 179579.00M | 163913.00M | 160984.00M | 148618.00M |
| Total stockholder equity | 7465.00M | 10776.00M | 10392.00M | 10149.00M | 8713.00M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | -6169.00000M | -5454.00000M | -4957.00000M | -4382.00000M | -3864.00000M |
| Common stock | 317.00M | 316.00M | 316.00M | 316.00M | 316.00M |
| Capital stock | 317.00M | 316.00M | 316.00M | 316.00M | 316.00M |
| Retained earnings | 9530.00M | 8709.00M | 8087.00M | 7795.00M | 7281.00M |
| Other liab | - | 128012.00M | 120311.00M | 117654.00M | 109569.00M |
| Good will | 1021.00M | 1028.00M | 1040.00M | 1105.00M | 1058.00M |
| Other assets | -5298.00000M | -18336.00000M | -17869.00000M | -22637.00000M | -14906.00000M |
| Cash | 3595.00M | 4002.00M | 3477.00M | 3518.00M | 3362.00M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 6169.00M | 5454.00M | 4957.00M | 4382.00M | 3864.00M |
| Current deferred revenue | - | - | - | - | - |
| Net debt | 5938.00M | 3651.00M | 2711.00M | 2710.00M | 1621.00M |
| Short term debt | 79.00M | 75.00M | 79.00M | - | 86.00M |
| Short long term debt | - | - | - | - | 86.00M |
| Short long term debt total | 9533.00M | 7653.00M | 6188.00M | 6228.00M | 4983.00M |
| Other stockholder equity | 7148.00M | 10460.00M | 1989.00M | 2038.00M | 8397.00M |
| Property plant equipment | - | 1006.00M | 1001.00M | 1061.00M | 707.00M |
| Total current assets | 95533.00M | 106214.00M | 97744.00M | 87068.00M | 75326.00M |
| Long term investments | 98661.00M | 106111.00M | 97959.00M | 109778.00M | 98643.00M |
| Net tangible assets | 5548.00M | 8859.00M | 8488.00M | 8151.00M | 6760.00M |
| Short term investments | 91938.00M | 102212.00M | 94267.00M | 83550.00M | 71964.00M |
| Net receivables | 23378.00M | 5028.00M | 4554.00M | 4230.00M | 3941.00M |
| Long term debt | 9068.00M | 7191.00M | 5751.00M | 5786.00M | 4983.00M |
| Inventory | - | - | - | - | - |
| Accounts payable | 6090.00M | 5379.00M | 4878.00M | 4382.00M | 3864.00M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | - | - | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | -102898.00000M | -109646.00000M | -101162.00000M | -113163.00000M | -102459.00000M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 102898.00M | 109646.00M | 101162.00M | 113163.00M | 102459.00M |
| Capital lease obligations | 465.00M | 462.00M | 437.00M | 442.00M | - |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -6997.00000M | -6333.00000M | -4948.00000M | -4494.00000M | -4398.00000M |
| Change to liabilities | 0.00000M | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
| Total cashflows from investing activities | - | -10061.00000M | -5009.00000M | -6654.00000M | -3538.00000M |
| Net borrowings | - | - | - | - | - |
| Total cash from financing activities | 565.00M | 428.00M | -1031.00000M | -203.00000M | -92.00000M |
| Change to operating activities | - | 9291.00M | 5701.00M | 6041.00M | 2859.00M |
| Net income | 2461.00M | 1730.00M | 1196.00M | 1671.00M | 1359.00M |
| Change in cash | -411.00000M | 534.00M | -42.00000M | 156.00M | 204.00M |
| Begin period cash flow | 4011.00M | 3477.00M | 3519.00M | 3363.00M | 3159.00M |
| End period cash flow | 3600.00M | 4011.00M | 3477.00M | 3519.00M | 3363.00M |
| Total cash from operating activities | 5966.00M | 10049.00M | 6319.00M | 6972.00M | 3823.00M |
| Issuance of capital stock | 9.00M | 13.00M | 1.00M | 2.00M | 0.00000M |
| Depreciation | - | 332.00M | 336.00M | 328.00M | 207.00M |
| Other cashflows from investing activities | - | -2071.00000M | 187.00M | -1832.00000M | 1144.00M |
| Dividends paid | -807.00000M | -725.00000M | -758.00000M | -769.00000M | 734.00M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | 0.00000M | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
| Other cashflows from financing activities | 1363.00M | 1140.00M | -274.00000M | 564.00M | 642.00M |
| Change to netincome | - | -557.00000M | -602.00000M | -328.00000M | -121.00000M |
| Capital expenditures | 196.00M | 1664.00M | 448.00M | 597.00M | 391.00M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | 2348.00M | 9261.00M | 5911.00M | 6049.00M | 2984.00M |
| Stock based compensation | - | - | - | - | - |
| Other non cash items | 1157.00M | -942.00000M | -788.00000M | -748.00000M | -520.00000M |
| Free cash flow | 5770.00M | 8385.00M | 5871.00M | 6375.00M | 3432.00M |
Sector: Financial Services Industry: Insurance - Diversified
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) |
|---|---|---|---|---|---|---|---|
| TNXXF Talanx AG |
- -% | 131.00 | 9.52 | 10.07 | 0.36 | 1.50 | 0.43 |
| BRK-A Berkshire Hathaway Inc |
9490.01 1.29% | 747290.06 | 10.31 | 16.31 | 2.20 | 1.50 | 2.16 |
| BRK-B Berkshire Hathaway Inc |
5.18 1.05% | 497.99 | 10.15 | 16.16 | 2.21 | 1.47 | 2.16 |
| ALIZY Allianz SE ADR |
-0.3225 0.70% | 45.79 | 14.10 | 12.79 | 1.54 | 2.37 | 1.12 |
| ALIZF Allianz SE |
-1.7732 0.39% | 458.00 | 13.97 | 12.66 | 1.53 | 2.34 | 1.12 |
Talanx AG provides insurance and reinsurance products and services worldwide. It offers life, casualty, liability, motor, aviation, legal protection, fire, burglary and theft, water damage, plate glass, windstorm, comprehensive householders, comprehensive home-owners, hail, livestock, engineering, omnium, marine, business interruption, travel assistance, aviation and space liability, financial lines, and other property insurance, as well as coverage for fire and fire loss of profits insurance. The company also provides bancassurance products; unit linked life insurance, annuity and risk insurance, and long term and occupational disability insurance products; and personal accident insurance. In addition, it offers property and casualty, marine and aviation, credit and surety, agriculture, structured, and life and health reinsurance, as well as engages in the facultative and nat cat, and asset management businesses. The company was founded in 1996 and is based in Hanover, Germany. Talanx AG operates as a subsidiary of HDI Haftpflichtverband der Deutschen Industrie V.a.G.
HDI-Platz 1, Hanover, Germany, 30659
| Name | Title | Year Born |
|---|---|---|
| Mr. Torsten Leue | Chairman of the Management Board & CEO | 1966 |
| Dr. Jan Martin Wicke Ph.D. | CFO & Member of the Management Board | 1968 |
| Mr. Jean-Jacques Henchoz | Member of the Management Board | 1964 |
| Dr. Edgar Puls | Member of the Management Board | 1973 |
| Dr. Wilm Langenbach | Member of Management Board | 1971 |
| Dr. Christopher Lohmann | Member of Management Board | 1968 |
| Caroline Schlienkamp | Member of the Management Board | 1974 |
| Mr. Bernd Sablowsky | Head of Investor Relations and Mergers & Acquisitions | 1970 |
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