Talanx AG : Q3 2020 earnings impacted by the crisis
>Earnings expected to be down 46% - Talanx is due to report its Q3 2020 earnings on Thursday 12 November. Hannover Re, meanwhile, is due to report its Q3 2020 results on Wednesday 4 November. We forecast premium growth of 5.8%, driven by reinsurance (Hannover Re). We forecast an operating result of € 383m (-38.1%) in line with the consensus (€ 386m, -37.6%), with a sharp drop in the operating result expected for the industrial lines segment where we forecast an increa...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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