Talanx AG : A lost quarter due to major losses and Life Re restructuring
>We forecast Q3 18e net income of € 8m, implying an ROE of 0.4% - Talanx is due to release its Q3 2018 results on 12 November. We look for the company to report Q3 2018 net attributable profit of € 8m, (Q3 2017 net loss of € 19m) and below consensus estimate of € 20m. Our annualized ROE estimate stands at 0.4% for Q3 2018e.Industrial Lines and L/H reinsurance spoil the party - Talanx already warned that its Industrial Lines insurance will contribute a...Talanx is a financial and management holding company. Co. is internationally active in primary insurance and reinsurance and in both property/casualty and life business. In the more than 100 years of Co.'s history, Co. has evolved from a single-line liability insurer for industry into a global insurance group with a focus on the industrial and retail lines and reinsurance business. Through its subsidiaries, Co. is engaged in five business segments: Life/Health Reinsurance; Non-Life Reinsurance; Retail Germany; Industrial Lines; and Retail International.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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