Talanx AG : Solid results despite COVID-19
>Resilient net income... - Talanx published its Q1 2020 net income last Thursday. The group had already announced its preliminary net income, with no other details, when it abandoned its earnings guidance for 2020. Net income was of course in line with the preliminary figure announced of € 223m (1e5% vs Q1 2019) corresponding to an annualised RoE of 9.0%. Premiums reached € 12.6bn (up 6.4% on a reported basis and like-for-like), driven by growth in reinsurance and Indu...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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