Talanx AG Reports Record Profit Despite California Wildfires

HANNOVER, Germany — Talanx AG, a leading insurance holding company based in Hannover, Germany, has reported a record profit for the first quarter of 2025, despite incurring significant losses due to the California wildfires. The company’s resilience in the face of these challenges has been reflected in a positive response from the stock market, with shares rising approximately 3% in morning trading.

The wildfires in California resulted in substantial claims, costing Talanx around €640 million in the first quarter. Despite this, the company’s overall performance exceeded expectations, marking its strongest start to a year on record. This achievement is particularly noteworthy given the scale of the natural disaster, which represents one of the largest catastrophe-related losses in the company’s history.

Talanx AG operates globally, offering a wide range of insurance and financial services through its numerous subsidiaries. The company’s ability to maintain a strong financial position and confirm its outlook for the year underscores its robust risk management strategies and diversified portfolio.

The positive financial results have been well-received by investors, contributing to a rise in Talanx’s stock price. As of May 12, 2025, the close price of Talanx’s shares was €102.1, with a 52-week high of €106.8 and a low of €61.2. The company’s market capitalization stands at €26.06 billion, with a price-to-earnings ratio of 13.18.

Talanx’s success in navigating the challenges posed by the California wildfires highlights its operational strength and strategic foresight. The company continues to operate on the Xetra stock exchange, maintaining its commitment to delivering value to shareholders and stakeholders alike.

For more information, visit Talanx’s official website at www.talanx.com .