Talanx

1. Market Risks: Talanx AG is a German insurance company and is therefore vulnerable to changes in the global economies, and particularly to the European and German economies. It is subject to the risk of recession and changes in the macro economic environment which could adversely affect its profits and future stock performance.

2. Regulatory Risks: As an insurance company, Talanx AG is subject to a variety of regulations imposed by the governments and regulators in the markets it operates in. A change in these regulations could have a material negative impact on the company’s business operations as well as its stock performance.

3. Competition: As one of the largest insurers in Germany, Talanx AG faces competition from other insurers in Germany and internationally. A shift in customer preferences away from Talanx AG to its competitors could adversely affect its market share and stock price.

4. Dividend Risk: Dividends are an important component of returns for many long-term investors. Talanx AG pays a dividend but may change its dividend policy in the future. A cut in the dividend paid would likely have an impact on the stock price.