Talanx released a profit warning for Q3 18 and FY2018. It said several large losses and an unusually large accumulation of frequency losses in industrial property insurance have burdened the Industrial Lines segment in Q3 18. Talanx expects therefore a pre-tax loss contribution from Industrial Lines of more than €100m in Q3 18. Talanx said that all the other divisions, Retail Germany, Retail International and Reinsurance, are progressing in line with expectations. Talanx is presenting th
16 Oct 2018
Profit warning for Q3 and FY2018
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Profit warning for Q3 and FY2018
Talanx AG (TLX:WBO) | 0 0 -0.1% | Mkt Cap: 8,919m
- Published:
16 Oct 2018 -
Author:
Dieter Hein -
Pages:
2
Talanx released a profit warning for Q3 18 and FY2018. It said several large losses and an unusually large accumulation of frequency losses in industrial property insurance have burdened the Industrial Lines segment in Q3 18. Talanx expects therefore a pre-tax loss contribution from Industrial Lines of more than €100m in Q3 18. Talanx said that all the other divisions, Retail Germany, Retail International and Reinsurance, are progressing in line with expectations. Talanx is presenting th