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Talanx AG
(XETRA:TLX)
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Rating:79Outperform
Price Target:
€133.00
▲(15.55% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial performance (improving profitability over time, solid cash generation, and declining leverage), supported by constructive technicals (price above key moving averages with positive MACD). Valuation further helps with a moderate P/E and solid dividend yield, though revenue/margin volatility and some reporting noise in a 2025 cash-flow coverage metric temper the result.
Positive Factors
Profitability Growth
The substantial multi-year increase in net income and EBIT indicates stronger earnings capacity and operating scale. This supports Talanx’s ability to absorb claims volatility, reinvest in underwriting capabilities, and build capital over the medium term.
Negative Factors
Margin Compression
The decline from recent peak margins shows that earnings growth is not linear and may be vulnerable to claims, pricing, or investment changes. Sustained compression would reduce retained capital and weaken the durability of profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Growth
The substantial multi-year increase in net income and EBIT indicates stronger earnings capacity and operating scale. This supports Talanx’s ability to absorb claims volatility, reinvest in underwriting capabilities, and build capital over the medium term.
Read all positive factors
Talanx AG (TLX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€31.44B
Dividend Yield2.94%
Average Volume (3M)98.76K
Price to Earnings (P/E)12.1
Beta (1Y)0.83
Revenue Growth2.06%
EPS Growth15.31%
CountryDE
Employees29,408
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)10.10
Shares Outstanding258,229,000
10 Day Avg. Volume108,935
30 Day Avg. Volume98,760
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)2.18
Price to Sales (P/S)0.51
P/FCF Ratio3.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€137.25Price Target Upside19.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)11.08
Revenue Forecast (FY)€50.57B
Talanx AG Business Overview & Revenue Model
Company Description
Talanx AG operates internationally, delivering a comprehensive suite of insurance and reinsurance services. Its extensive direct insurance portfolio encompasses life, casualty, liability, and motor coverage, alongside a wide array of property-rela...
How the Company Makes Money
Talanx makes money primarily by underwriting insurance and reinsurance risks and investing the premiums it collects. (1) Insurance underwriting income: In its primary insurance businesses (property & casualty, life, and health), the company sells ...
Talanx AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 68.68B | 57.27B | 25.58B | 19.23B | 18.73B | 43.13B |
| Gross Profit | 58.70B | 57.27B | 27.40B | 20.35B | 19.66B | 33.69B |
| EBITDA | 5.17B | 5.42B | 5.11B | 3.22B | 2.91B | 2.67B |
| Net Income | 2.60B | 2.48B | 1.98B | 1.58B | 706.00M | 1.01B |
Balance Sheet | ||||||
| Total Assets | 189.18B | 193.71B | 180.42B | 168.53B | 193.13B | 197.52B |
| Cash, Cash Equivalents and Short-Term Investments | 4.36B | 5.26B | 123.34B | 5.10B | 95.53B | 106.21B |
| Total Debt | 8.90B | 8.48B | 8.90B | 9.11B | 9.78B | 7.73B |
| Total Liabilities | 167.13B | 172.82B | 161.92B | 151.73B | 180.54B | 179.58B |
| Stockholders Equity | 14.41B | 13.47B | 11.66B | 10.45B | 8.64B | 10.78B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.92B | 8.43B | 7.63B | 5.77B | 8.38B |
| Operating Cash Flow | 0.00 | 8.37B | 8.43B | 8.10B | 5.97B | 10.05B |
| Investing Cash Flow | 0.00 | -5.76B | -6.79B | -5.03B | -6.86B | -10.06B |
| Financing Cash Flow | 0.00 | -2.02B | -1.58B | -1.49B | 521.00M | 428.00M |
Talanx AG Technical Analysis
Positive
115.10
Price Trends
113.36
Positive
110.00
Positive
107.49
Positive
Market Momentum
2.30
Negative
70.12
Negative
96.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:TLX, the sentiment is Positive. The current price of 115.1 is below the 20-day moving average (MA) of 117.20, above the 50-day MA of 113.36, and above the 200-day MA of 107.49, indicating a bullish trend. The MACD of 2.30 indicates Negative momentum. The RSI at 70.12 is Negative, neither overbought nor oversold. The STOCH value of 96.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:TLX.
Talanx AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €31.44B | 12.06 | 27.86% | 3.13% | 2.06% | 15.31% | |
78 Outperform | €168.67B | 14.57 | 18.75% | 4.00% | ― | ― | |
78 Outperform | €65.85B | 9.66 | 20.59% | 4.72% | 0.06% | 38.83% | |
74 Outperform | €30.41B | 3.35 | 69.73% | 4.94% | -2.14% | 10.15% | |
57 Neutral | €1.44B | 32.38 | 5.08% | 1.62% | -2.67% | ― | |
56 Neutral | €1.32B | 10.88 | 2.45% | 4.44% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:TLX
Talanx AG
122.50
7.19
6.24%
DE:ALV
Allianz
450.00
101.54
29.14%
DE:HNR1
Hannover Rueck
253.80
15.80
6.64%
DE:MUV2
Munich Reinsurance
517.20
-3.34
-0.64%
DE:WUW
Wuestenrot & Wuerttembergische
14.18
0.60
4.42%
DE:NBG6
Nuernberger Beteiligungs AG Class B
125.00
60.10
92.60%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.