Talanx AG : Q3 2019 results could be on the soft side
>We forecast Q3 2019 net profit of € 213m, up 318% y-o-y - Talanx is due to release its Q3 2019 results on 11 November. We expect the company to report net attributable profit of € 213m, up 318% y-o-y on undemanding comps and below the consensus (€ 231m). Our annualized RoE estimate stands at 8.5% for Q3 2019e and compares to a consensus ROE expectation of 9.5%.Industrial lines may have suffered from above average claims - For the industrial lines seg...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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