Talanx AG : Improving underlying technical results in Q3 2023
>Strong Q3 2023 supports higher estimates going forward - Talanx reported a healthy set of Q3 2023 results. Reported quarterly net profit came to € 452m and was thus comfortably in line with the pre-released guidance of >€ 423m and our earlier estimate of € 329m, helped by a strong performance of most primary insurance operations and a very low tax rate of 12.1% in the period. Reported EBIT of € 802m undershot our estimate of € 854m triggered by a lower-than-expected...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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