HANNOVER (dpa-AFX) - Following its record profit last year, the insurance group Talanx (HDI) is raising the bar for 2025. The MDax-listed company announced in Hanover on Thursday that net profit is set to rise to more than 1.9 billion euros in the coming year. Previously, CEO Torsten Leue had set a target of more than 1.7 billion. As already announced, he wants to exceed this mark by 2024. Last year, Talanx earned just under 1.6 billion euros, more than ever before. The dividend is therefore set to rise from 2 euros to 2.35 euros per share, slightly more than analysts are expecting on average.

The biggest beneficiary is the Haftpflichtverband der Deutschen Industrie, a mutual insurance association. It owns just under 77 percent of Talanx shares. Talanx is in turn the majority shareholder of Hannover Re, the world's third-largest reinsurer, which also achieved a record profit last year./stw/zb