Talanx AG : Strong underlying earnings trigger higher estimates
>We increase estimates following strong underlying Q2 2024 results - We have revisited our estimates following strong underlying results of Talanx’s primary insurance and reinsurance activities in Q2 2024. We have increased our net profit estimates by 5.9% to € 1,956m for 2024e and by 4.4% to 2,153m for 2025e driven by higher estimates for primary and reinsurance activities. Talanx reported Q2 2024 net profit of € 514m vs € 457m consensus. H1 2024 net profit attributa...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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