Talanx AG : Detailed 2020 earnings release confirms recovery in industrial lines
>Overview of key indicators from 2020 earnings - Talanx reported its detailed 2020 earnings yesterday. The group had already reported its preliminary earnings on 5 February 2021. To recap, Talanx reported 2020 net income of € 673m, in line with its guidance from last November for net income clearly above € 600m. This net income comprises COVID claims expenses of € 1.459bn, with € 238m in insurance and € 1.211bn in reinsurance. The COVID impact on the group’s net inco...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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