Overview
- Management guided to roughly €6.0 billion in group profit for the current year and about €6.3 billion in 2026.
- New medium‑term aims include average annual EPS growth of around 8% and a return on equity above 18% by 2030.
- The company plans to return about 80% of profits to shareholders through dividends and share buybacks.
- Cost measures target €200 million in savings by 2026 and €600 million per year by 2030, with labor discussions ongoing.
- CEO Joachim Wenning will retire and CFO Christoph Jurecka becomes CEO in January, as analysts praise the ambition but caution on catastrophe and pricing risks.