Talanx AG : Q3 2021 a mixed bag of results; 2022 guidance supports estimates
>Talanx reported a mixed bag of Q3 2021 results - Talanx reported Q3 2021 results ahead of estimates driven by strong investment income and a strong contribution from reinsurance activities. Reported Q3 2021 EBIT came to € 506m ahead of the € 319m consensus and our € 268m estimate. Primary insurance operations reported a mixed picture with results of Industrial Lines and Retail Germany Life ahead of expectations while Retail Germany P/C and Retail International unders...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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