In This Article:
Key Insights
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Talanx to hold its Annual General Meeting on 7th of May
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Total pay for CEO Torsten Leue includes €1.02m salary
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The total compensation is similar to the average for the industry
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Talanx's EPS grew by 34% over the past three years while total shareholder return over the past three years was 128%
It would be hard to discount the role that CEO Torsten Leue has played in delivering the impressive results at Talanx AG (ETR:TLX) recently. The pleasing results would be something shareholders would keep in mind at the upcoming AGM on 7th of May. This would also be a chance for them to hear the board review the financial results, discuss future company strategy and vote on any resolutions such as executive remuneration. We think the CEO has done a pretty decent job and we discuss why the CEO compensation is appropriate.
View our latest analysis for Talanx
Comparing Talanx AG's CEO Compensation With The Industry
According to our data, Talanx AG has a market capitalization of €18b, and paid its CEO total annual compensation worth €3.5m over the year to December 2023. We note that's an increase of 12% above last year. We think total compensation is more important but our data shows that the CEO salary is lower, at €1.0m.
For comparison, other companies in the Germany Insurance industry with market capitalizations above €7.5b, reported a median total CEO compensation of €3.9m. From this we gather that Torsten Leue is paid around the median for CEOs in the industry.
Component | 2023 | 2022 | Proportion (2023) |
Salary | €1.0m | €1.0m | 29% |
Other | €2.5m | €2.2m | 71% |
Total Compensation | €3.5m | €3.2m | 100% |
Speaking on an industry level, nearly 40% of total compensation represents salary, while the remainder of 60% is other remuneration. Talanx sets aside a smaller share of compensation for salary, in comparison to the overall industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.
A Look at Talanx AG's Growth Numbers
Talanx AG has seen its earnings per share (EPS) increase by 34% a year over the past three years. Its revenue is up 13% over the last year.
Shareholders would be glad to know that the company has improved itself over the last few years. It's a real positive to see this sort of revenue growth in a single year. That suggests a healthy and growing business. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.