Talanx AG : Q2 2019 with improved underlying performance; reported results held back by strengthening of reserve redundancies
>Q2 2019 underlying profitability improved but the build-up of reserve redundancies burdened reported results - Talanx’s Q2 2019 results came in below our estimates and consensus triggered by the build-up of initial reserves for Talanx’s captive reinsurance business and by the establishment of further reserve redundancies in the retail international segment. Underlying profitability improved further in all three primary insurance segments. Group net income came in at ...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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