Talanx Group annual report 2007 English

32 talanx. Financial report.
The 2007 fi nancial year was a successful one for the Talanx
Group – in terms of both fi nancial results and structural
progress. Talanx signifi cantly boosted its result despite diffi -
cult market conditions in Germany and numerous internal
structural activities. The Group generated EBIT of EUR 1.45
(1.29) billion – a rise of 12.8% – from gross premium income
that was slightly lower than in the previous year at EUR 19.1
billion. The progress made with the Group’s structural
development in the fi nancial year was similarly successful.
While the Gerling integration moved forward according to
plan, the Group achieved another milestone in 2007 in its
core Bancassurance Division: the acquisition of BHW Leben,
BHW Pensionskasse and the remaining 50% interests in the
PB insurers from Postbank as well as the extension of the
sales cooperation with Postbank by a further 15 years until
2022 secure Talanx’s favorable position in the promising
bancassurance distribution channel.
Gross written premium
in EUR bn
14.8
2003
14.0
2004
15.4
2005
19.4 19.1
2006
2007
Operating profit (EBIT)
in EUR m
825
2003
969
2004
521
2005
1,286
2006
1,451
2007
Investments
in EUR bn
21.0
2003
29.9
2004
34.8
2005
57.8
2006
61.6
2007