Talanx AG : The group shelves its 2020 earnings guidance
>Earnings guidance dropped - Like its reinsurance subsidiary Hannover Re, which yesterday evening dropped its earnings guidance for 2020, Talanx has also withdrawn its profit outlook for this year in light of the crisis and the considerable uncertainty over its impact on the economy and the financial markets. To recap, Talanx had initially expected net income of between a little over € 900m and € 950m this year. Note also that Hannover Re (50%-owned by Talanx) was loo...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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