Net attributable result was a loss of €19m for Q3 17 compared to a profit of €234m for Q3 16. Net premiums earned rose by 8% to €6.8bn for Q3 17 compared to the same period last year. The net investment result was up by 20% to €1.23bn for Q3 17. RoI was 3.9% for 9M 17 compared to 3.5% for 9M 16. Insurance claims increased by 22% to €6.3bn in Q3 17 compared to Q3 16 as large losses were up from €533m to €1.05bn mainly due to the hurricanes “Harvey&rdquo
13 Nov 2017
A loss for Q3 after a profit warning and new FY2018 targets
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A loss for Q3 after a profit warning and new FY2018 targets
Talanx AG (TLX:WBO) | 0 0 -0.1% | Mkt Cap: 8,919m
- Published:
13 Nov 2017 -
Author:
Dieter Hein -
Pages:
3
Net attributable result was a loss of €19m for Q3 17 compared to a profit of €234m for Q3 16. Net premiums earned rose by 8% to €6.8bn for Q3 17 compared to the same period last year. The net investment result was up by 20% to €1.23bn for Q3 17. RoI was 3.9% for 9M 17 compared to 3.5% for 9M 16. Insurance claims increased by 22% to €6.3bn in Q3 17 compared to Q3 16 as large losses were up from €533m to €1.05bn mainly due to the hurricanes “Harvey&rdquo