Talanx AG : Q3 2024 revealed solid earnings momentum and constructive 2025 guidance
>Q3 2024 primary insurance above consensus; new 2025 guidance - Talanx’s Q3 2024 results came in ahead of the consensus driven by all primary insurance segments and reinsurance operations which were helped by a positive one-off tax effect. Group net income stood at € 503m and compares to € 455m css and our € 446m estimate. The group SII ratio was solid at 220%. Talanx provided a guidance update and now expects a NP of more than € 1.9bn for 2024 which sits in line with...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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