Talanx AG : Q1 2024 results reflect a strong start to the year
>Net profit of € 572m came in 23% above consensus estimate - Talanx reported a very strong start to the year and reported € 572m group net profit which compares to € 466m consensus and our € 452m estimate. The beat was driven by primary insurance operations and attributable to the segments Industrial Lines insurance and Retail International. A higher-than-expected investment income (RoI of 3.4%) was part of the beat. Group Solvency came in with a strong ratio of 217% ...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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