Talanx AG : CMD pointed to growth ambitions and increasing ROE
>CMD highlighted growth ambitions coupled with higher capital returns - We have revisited our estimates following Talanx’s CMD. We have increased our net profit estimates for the group by 2.4% to € 1,106m for 2022e (guidance € 1,050m to € 1,150m) and by 2.6% to € 1,195m for 2023e. Our higher estimates are linked to positive operating trends and ambitious growth targets in Talanx’s primary insurance operations. Management aims to increase the group ROE to ~10% in 2022e...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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