Annual General Meeting of Talanx AG: very large majority for all proposed resolutions Talanx AG’s shareholders voted to increase the dividend per share by 35 cents (roughly 18 percent) to EUR 2.35. This means the Talanx Group’s dividend has risen by 75 cents from EUR 1.60 over the past two years, an increase of 47 percent. Talanx has either lifted its dividend or at the least kept it stable every year since the Company went public. The dividend yield is 4.4 percent, based on the average share price in 2023 of EUR 53.45. “We are growing sustainably and profitably in the interests of our business partners, customers, shareholders and employees,” emphasized Talanx CEO Torsten Leue at the Annual General Meeting. The Group has made a strong start to 2024. With an increase in quarterly earnings of 35 per cent year-on-year to EUR 572 million, confidence has risen that the targeted Group earnings of more than EUR 1.7 billion can be significantly exceeded, he added. At the fifth virtual AGM in a row, shareholders were able to submit questions online during the meeting in direct dialogue with the Board of Management and Supervisory Board. This was actively used. We thank all participants for the open and constructive dialogue! #AGM #AnnualGeneralMeeting #TogetherTalanx #Talanx
Talanx
2mo
Ingo Schröder
2mo
"Very large majority for all proposed resolutions" - Sounds great. But doesn't the HDI VVaG hold a large majority of Talanx shares? And isn't the CEO of Talanx also the head of the VVaG? How much larger than the VVaG's share was the majority for the proposed resolutions?
In the gas sector in particular, Talanx is still doing too little to protect the climate. Liquefied natural gas terminals and gas-fired power plants can still be insured without restriction. However, their construction is causing countless problems for people and nature around the world, for example in the Gulf of Mexico in the USA or in the Verde Island Passage in the Philippines. They perpetuate the decades-long use of fossil fuels and encourage the development of new oil and gas fields. Insurers must continue to develop their policies here if they really want to live up to their sustainability claims. As this report shows, Talanx' subsidiary HDI Group supports US LNG terminals with insurance services: https://www.ran.org/wp-content/uploads/2024/02/RAN_LNG_2024_vF.pdf