• Net profit attributable to shareholders decreased by 5% to €223m for Q1 20 • Net earned premiums rose by 6.5% to €8.35bn • Large loss expenses from the COVID-19 pandemic were €313m in Q1 20 • Talanx cancelled its net profit target range of €900m to €950m for 2020 two weeks ago • Hannover Re has been the most profitable big global reinsurance company for years and remains the backbone of Talanx
07 May 2020
Solid start to FY2020 despite COVID-19
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Solid start to FY2020 despite COVID-19
Talanx AG (TLX:WBO) | 0 0 -0.1% | Mkt Cap: 8,919m
- Published:
07 May 2020 -
Author:
Dieter Hein -
Pages:
3
• Net profit attributable to shareholders decreased by 5% to €223m for Q1 20 • Net earned premiums rose by 6.5% to €8.35bn • Large loss expenses from the COVID-19 pandemic were €313m in Q1 20 • Talanx cancelled its net profit target range of €900m to €950m for 2020 two weeks ago • Hannover Re has been the most profitable big global reinsurance company for years and remains the backbone of Talanx