Due to a disproportionately strong growth phase the Talanx Group is considerably more complex than it was some years ago. We therefore use our tools for managing the Group in order to systematically chart a course for the years ahead. At the same time, the regulatory environment, the capital markets and rating agencies are placing increasingly exacting requirements on insurance groups. The point of departure determined by these internal and external influencing factors causes us to define the following goals:

• Increase profitability and create value
• Make optimal use of capital
• Optimize the cost of capital
• Invest in areas where we generate the highest risk-adjusted return over the long term
• Seize strategic opportunities and at the same time remain aware of and manage the immanent risks

We pursue these goals with the aid of our integrated management system, in which we devote special attention to the four fundamental management processes that govern the interplay between the holding company Talanx AG and the Group’s various business segments: capital management, performance management, risk management and mergers & acquisitions (M&A).