Talanx AG : Q3 2020 net income in line excluding reinsurance, cautious guidance
>Net income beat forecasts thanks to reinsurance - Talanx published its Q3 2020 net income last Thursday. Note that on 4 November, Hannover Re reported Q3 2020 net income that beat forecasts. For Q3, Talanx net income was € 194m (-26.8%), above forecasts (consensus € 147m, our forecast of € 144m), but the difference stems from the reinsurance activities, which were in line with forecasts. Operating income fell short of expectations in industrial risk, but this was off...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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