Talanx AG : Net income expected to be in line with the group’s guidance
>We expect net income of € 665m in 2020… - Talanx is due to publish its preliminary 2020 earnings on 5 February before the start of trading. The group will publish its detailed 2020 results, as well as its annual report, on 15 March next. We forecast net income of € 665m for 2020 (-28% vs 2019), in line with the group’s guidance, which points to net income clearly above € 600m. We revised down our estimate for 2020 net income (-8.7%) to take into account: 1/ a higher-...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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