Talanx AG : The group maintains its 2020 guidance despite the current context
>Further turnaround actions in industrial lines insurance - Yesterday morning, Talanx reported its 2019 earnings. The group’s premium income amounted to € 39.5bn, up strongly (+13% reported and +11.9% at constant currencies), driven by P&C reinsurance, industrial lines insurance and retail international. Gross operating profit grew 20% in 2019 (+1% in Q4 2019), affected in the final quarter by the contribution to the RfB in life insurance in Germany. In industrial lin...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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