Talanx AG

TLX: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Talanx Earnings: Light Large Losses and Revenue Decline the Consistent Themes

Henry Heathfield

May 13, 2026

For the first three months of 2026 Talanx has reported mainly lighter revenue growth in the three nonreinsurance businesses versus company compiled consensus and what we are forecasting for the full year. Against a backdrop of light large losses and declining prices this is a consistent theme.

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Talanx AG

Talanx Earnings: Light Large Losses and Revenue Decline the Consistent Themes

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