Talanx stock trades at EUR 120.25 after record half year

Published on 09/29/2026 at 11:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Talanx stock delivered EUR 1.37 billion in first-half 2026 net income, up 6.70 percent year over year. BNP Paribas set a EUR 120.00 target on September 8, 2026.

Fotorealistische moderne Glas-Firmenzentrale eines Versicherungskonzerns in Hannover bei Tageslicht — Talanx AG (DE000TLX1005) zeigt fotorealistisch eine moderne Versicherungs-Firmenzentrale mit gläserner Fassade in Hannover, Illustration mit AI erstellt.

Talanx (ISIN DE000TLX1005) was trading at EUR 120.25 at Lang & Schwarz on September 29, 2026, at 11:14 a.m. CEST, down 0.54 percent versus the Xetra close of EUR 120.90 on September 28, 2026. The insurer's latest operating milestone was a record first half, while analyst views have become more divided after the share price rally.

First-half profit reaches EUR 1.37 billion

According to Talanx on August 14, 2026, the group reported record first-half results for 2026. Net income reached EUR 1.37 billion, an increase of 6.70 percent from EUR 1.28 billion in the first half of 2025.

Gross written premiums totaled EUR 24.20 billion, while the insurance service result reached EUR 3.10 billion in the first half of 2026, according to Investing.com. The combination gives the current valuation a clear earnings anchor, although the next quarterly update will test whether the pace continues.

Analyst targets split after rally

According to Investing.com, BNP Paribas downgraded Talanx from Outperform to Neutral on September 8, 2026, and set a EUR 120.00 price target. The target is 0.21 percent below the Lang & Schwarz price of EUR 120.25.

The same source reported a EUR 137.00 target from Goldman Sachs dated September 1, 2026, and a EUR 163.00 target from Berenberg dated August 18, 2026. The spread between those targets and BNP Paribas' view shows that earnings strength and valuation are being interpreted differently across the analyst group.

Next results are due November 12

Talanx lists November 12, 2026, as the date for reporting results through September 30, 2026. That release will provide the next dated checkpoint for the EUR 1.37 billion first-half profit and the group's full-year trajectory.

Stock remains below its yearly high

Talanx stock was trading at EUR 120.25 at Lang & Schwarz on September 29, 2026, at 11:14 a.m. CEST, versus the Xetra close of EUR 120.90 on September 28, 2026. The 52-week range is EUR 97.65 to EUR 128.80, while market capitalization stood at EUR 31.0 billion on September 29, 2026.