Talanx AG : CMD feedback: Repricing Fire Lines, capital management, growth pockets
>Management communicated more granular and ambitious targets - At Talanx’s CMD on 23 October management communicated more granular and more ambitious targets. It raised its ROE target from 750bp to 800bp above risk-free and introduced a new EPS growth target of =5% per year until 2022. It leaves its net income guidance for 2019 unchanged at € 900m (Oddo BHFe: 983m). Earnings growth should be supported by growth in Specialty business, by building up intragroup reinsura...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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