Talanx AG : One last hiccup from the problem child before things get better?
>Profit warning triggered by several large losses and loss frequency in Industrial Lines insurance - Talanx warned that its net profit for 2018 will miss the company’s ~€ 850m guidance and possibly come in at just ~€ 700m. Several large losses and an accumulation of frequency losses in Industrial Lines insurance triggered the shortfall. The company expects its 2018 dividend payout to be least flat yoy. We have reduced our adj. EPS estimate for 2018e by 17.4% to € 2.85...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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