Talanx AG : Primary insurance contributions improve but Retail International with transitory challenge
>Q1 2022 results ahead of estimates - Talanx reported Q1 2022 results ahead of our and the consensus estimates. Group net income came to € 256m (annualised ROE 10.0%) and thus ahead of the € 209m consensus and our € 190m estimate. The positive deviation was driven by the reinsurance as well as by the primary insurance operations and was helped by reserve releases. The group established a € 150m bulk IBNR (~€ 130m linked to reinsurance operations) to address possible l...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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