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Talanx AG (Talanx or ‘the group’) is a multi-brand insurance and financial services provider. The group comprises of both primary insurance and reinsurance companies and operates in both property/casualty and in life insurance business. Talanx’s brands include HDI, providing insurance products for retail customers, HDI-Gerling, delivering solutions to industrial clients, Hannover Re, one of the world's leading reinsurers, TARGO Versicherungen, PB, neue leben and the financial services provider Ampega. The group operates in the Americas, Europe, Africa, Asia/Pacific, and Australia. It is headquartered in Hannover, Germany, and employed around 21,529 people as on December 31, 2013. The group recorded revenues of E26,905 million ($35,727.1 million) during the financial year ended December 2013 (FY2013), an increase of 4.3% over FY2012. The operating profit of the group was E1,784 million ($2,369 million) in FY2013, an increase of 2.1% over FY2012. The net profit of the group was E762 million ($1,011.9 million) in FY2013, an increase of 21.7% over FY2012.
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