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QUARTERLY STATEMENT Talanx starts year with strong results talanx . Insurance . Investments . Gross written premiums up 9.4 percent to EUR 13.6 ( 12.5 ) billion ( 13.6 percent adjusted for exchange rate effects ) Combined ratio for property / casualty primary insurance and property / casualty reinsurance improves to 96.1 ( 99.8 ) percent Net return on investment increases to 3.5 percent ( 2.7 percent ) Operating profit ( EBIT ) sees double - digit rise , climbing 11.8 percent to EUR 625 ( 559 ) million At EUR 277 ( 223 ) million , strong Group net income is up 24.5 percent year - on - year thanks to significant one - off effects Solvency II ratio of 206 percent at the 2020 year - end Refined outlook for Group net income in 2021 at upper end of the EUR 800-900 million range Hannover , 6 May 2021 The Talanx Group got off to a good start in the new financial year , with clear growth in gross premiums and Group net income . Gross written premiums rose by 9.4 percent to EUR 13.6 ( 12.5 ) billion , or by a double - digit 13.6 percent after adjustment for exchange rate effects . Operating profit ( EBIT ) amounted to EUR 625 ( 559 ) million , a 11.8 percent rise compared to the prior - year quarter , while Group net income climbed by 24.5 percent to EUR 277 ( 223 ) million . All four divisions contributed to this positive development . The clear rise in Group net income benefited from positive one - off effects in both underwriting and net investment income , which are partly related to the global measures taken to contain the coronavirus pandemic . In addition , the tax rate was down slightly year - on - year . The coronavirus pandemic impacted the results less severely than in the prior - year period in all divisions apart from Life / Health Reinsurance . In view of its strong first quarter , Talanx is refining its outlook for Group net income and is expecting a figure at the upper end of the EUR 800-900 million range . " The trend in the first quarter is extremely positive and represents a good start to the year even without the special effects . Our Group has grown and all divisions contributed to the strong results . This shows that our growth initiatives are paying off and that the measures taken to optimise Talanx AG Group Communications Tel . +49 511 3747-2022 gc@talanx.com Investor Relations Tel . +49 511 3747-2227 ir@talanx.com HDI - Platz 1 30659 Hannover Germany www.talanx.com