Research that is free to access for all investors. Companies commission these providers to write research about them.
Brokers who write research on their corporate clients and make it available through our main bundle offering.
Research that is paid for directly by asset managers. Only accessible to institutional investors permissioned for access.
Event in Progress:
Discover the latest content that has just been published on Research Tree
• Gross insurance revenues were up by 7% to €11.4bn for Q3 23 • Net profit attributable to shareholders rose by 88% to €452m for Q3 23 • RoE was 19.0% for Q3 23, comfortably above the target of more than 10% • Primary insurance contributed 47% to group net profit • Talanx is targeting a net profit of more than €1.7bn for FY2024 which is above the old target of €1.6bn for FY2025
Companies: Talanx AG
AlphaValue
• Gross insurance revenues were up by 12% to €10.2bn for Q2 23 • Net profit attributable to shareholders rose by 11% to €404m for Q2 23 • RoE was 17.4% for Q2 23, comfortably above the target of more than 10% • Talanx upgraded the net profit target of around €1.4bn to exceed €1.4bn for FY2023
• New IFRS accounting rules with a new income statement structure from Q1 23 onwards • Gross insurance revenues were up by 6% to €10.7bn for Q1 23 • Net profit attributable to shareholders rose by 31% to €423m for Q1 23 • RoE was 18.8% for Q1 23, comfortably above the target of more than 10% • Talanx confirmed the net profit target of €1.4bn for FY2023
• Net profit was up by 16% to €1.17bn for FY2022 • Talanx released a net profit target of around €1.4bn for FY2023 • Dividend per share proposal increased from €1.60 for FY2021 to €2.00 for FY2022 • Hannover Re has been the most profitable big global reinsurance company for years and remains the backbone of Talanx
• Net premiums earned rose by 21% to €11.5bn for Q3 22 compared to Q3 21 • Hurricane Ian cost €350m in Q3 22 • Net profit attributable to shareholders increased by 27% to €225m for Q3 22 • Talanx confirmed the net profit target range of between €1.05bn and €1.15bn for FY2022
• Net earned premiums rose by 17% to €10.9bn for Q2 22 • €346m of bulk reserves in H1 22 related to the Ukraine situation for FY2022 • Net profit attributable to shareholders increased by 13% to €304m for Q2 22 • Talanx confirmed the net profit target range of between €1.05bn and €1.15bn for FY2022
• Net earned premiums rose by 15% to €10.3bn for Q1 22 • €150m of bulk reserves related to the Ukraine situation for FY2022 • Net profit attributable to shareholders declined by 8% to €256m for Q1 22 • Talanx confirmed the net profit target range of between €1.05bn and €1.15bn for FY2022
• Net profit was up by 50% to €1.0bn for FY2021 • Talanx confirmed its net profit target range of €1.05bn to €1.15bn for FY2022 • Dividend per share proposal increased from €1.50 for FY2020 to €1.60 for FY2021 • Hannover Re has been the most profitable big global reinsurance company for years and remains the backbone of Talanx
• Gross written premiums rose by 12% to €11.1bn for Q3 21 • High large losses of €956m for Q3 21 • Net profit attributable to shareholders decreased by 9% to €177m for Q3 21 versus Q3 20 but was clearly above consensus forecast • Talanx expects now a net profit at the upper end of the €900-950m target range for FY2021 • New profit target for FY2022, a net profit range between more than €1,050m and €1,150m
• Net profit attributable to shareholders rose from €103m for Q2 20 to €269m for Q2 21 • Net COVID-19 expenses were down from €380m for Q2 20 to €122m for Q2 21 • Floods in Western Europe should lead to net claims of somewhat more than €300m in Q3 21 • Talanx has lifted its FY2021 outlook for net income to €900-950m range from €800-900m
• Net profit attributable to shareholders increased by 25% to €277m for Q1 21 • Large loss expenses from the COVID-19 pandemic of €157m in Q1 21 were offset by one-off gains • Net earned premiums rose by 8% to €9.0bn • Talanx refined its outlook for group net income in FY2021 at the upper end of the €800–900m target range
Net profit was down by 27% to €673m for FY2020 Talanx confirmed its net profit target range of €800m and €900m for 2021 Dividend per share proposal for FY2020 is unchanged at €1.50 compared to FY2019 Hannover Re has been the most profitable big global reinsurance company for years and remains the backbone of Talanx
• Net profit attributable to shareholders decreased by 27% to €194m for Q3 20 • Net earned premiums rose by 3% to €8.6bn for Q3 20 • Net COVID-19 expenses were €252m for Q3 20 compared to €430m for Q2 20 • New net profit targets of clearly above €600m for FY2020 and a range between more than €800m and €900m for FY2021 • Hannover Re’s stake in talanx is valued at €8.8bn, whereas talanx is valued at only €7.9bn
Companies: TLX TLX TLX TLX TNX TNXXF
• Net profit attributable to shareholders decreased by 57% to €103m for Q2 20 versus Q2 19 • Net earned premiums rose by 4% to €9.5bn for Q2 20 • Net COVID-19 expenses were €430m for Q2 20 compared to €228m for Q1 20 • Hannover Re has been the most profitable big global reinsurance company for years and remains the backbone of talanx • Hannover Re’s stake in talanx is valued €8.5bn, whereas talanx is valued at only €8.0bn
• 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
Research Tree provides access to ongoing research coverage, media content and regulatory news on Talanx AG. We currently have 23 research reports from 3 professional analysts.
Companies: FOG PHC FEN BBSN ELIX
Cavendish
Companies: Property Franchise Group PLC
Canaccord Genuity
FY 2023 was a challenging year for Frenkel with higher interest rates encouraging clients to place money into lower margin money market funds. Despite this, sales grew +32% (supported by recurring revenue +9% and +51% in non-recurring), EBIT margins remained strong at 22% and adj. EPS grew +17% (taking into account the higher number of shares). FY 2024 has seen a solid start to transactional business and there is a strong pipeline of new FUM opportunities both of which support further growth. Wi
Companies: Frenkel Topping Group plc
S&U reported FY24 PBT of £33.6m, down from £41.4m in FY23 on higher funding and regulatory costs and higher impairments in Advantage in H2. PBT was 2% ahead of our forecast as stronger revenues – up 12% to £115.4m – and better costs offset higher-than-expected impairments. Net receivables grew to a record at both Advantage and Aspen and management noted particular strength in Q4 and a good trading environment in the current year. Having absorbed a significant rise in funding cost as well as addi
Companies: S&U plc
Edison
The focus of Hardman & Co Research is on the nine quoted Infrastructure Investment Companies (IICs) and on the 22 Renewable Energy Infrastructure Funds (REIFs): the stocks analysed are all members of the Association of Investment Companies (AIC). We are updating our publication of January 2023, assessing both the lacklustre share price performances during 2023 and the key issues, including interest rates, inflation and power prices. As a 31-strong group, its combined market capitalisation is no
Companies: AEIT ROOF DGI9 INPP GSF SEIT USFP HICL ORIT BSIF TRIG NESF SEQI HEIT GRP GCP FSFL 3IN AERI PINT RNEW BBGI GSEO DORE TENT GRID CORD HGEN AEET
Hardman & Co
Edison Investment Research is terminating coverage on ABC Arbitrage (ABCA), paragon (PGN), Foresight Solar Fund (FSFL), Kendrion (KENDR), Lithium Power International (LPI), Triple Point Energy Transition (TENT), 4iG (4IG), e-therapeutics (ETX), Pharnext (ALPHA) and Shield Therapeutics (STX). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our web
Companies: Foresight Solar Fund Limited GBP
International Public Partnerships’ (INPP’s) FY23 results show that it continues to deliver consistent and predictable returns for investors, while delivering environmental and social benefits for the individuals and communities that are served by its assets. Despite this strong performance and a substantial need for private infrastructure funding, the macroeconomic environment has weighed on INPP’s share price, in common with the wider sector. Regardless, attractive returns are available from th
Companies: International Public Partnerships Ltd
In a challenging market, Regional REIT’s (RGL’s) FY23 operational and financial performance was robust, in line with expectations and previous guidance. Investor focus remains on the company’s loan to value (LTV) reduction and bond refinancing plans, explored in detail in our previous note and RGL will provide an update on this in due course.
Companies: Regional REIT Ltd.
Companies: PayPoint plc
Liberum
Companies: Speedy Hire Plc
22nd April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi
Companies: ARV CTL AFRN FEN HUW TENG BBSN EAAS VAL
Hybridan
Business as usual for WTAN’s executive team, while the board reviews investment management arrangements…
Companies: Witan Investment Trust PLC
Kepler | Trust Intelligence
Foxtons Group plc first quarter revenue rose 9% to £35.7m (1Q23: £32.9m) with growth delivered across all business segments. Trading is in line with management's expectations.
Companies: Foxtons Group Plc
Zeus Capital
Feature article: Steady as she goes, but could be better: A review of investment company liquidity since 2016 Liquidity is the lifeblood of equity markets. The measurement of liquid asset availability to a market or company is a way of gauging a market’s health. This article builds on our previous work, which analysed the liquidity data for non-financial trading companies, by applying the same analytical techniques to the investment companies (IC) space. We analyse liquidity for ICs as a whol
Companies: NBPE ICGT ARBB RECI CLIG HAT AVO VTA APAX
In our 15 March 2023 initiation, 'Pawnbroking royalty, with strong, profitable growth', and subsequent notes, we have highlighted the strong market for pawnbroking and why H&T, as the market leader, is uniquely placed to take advantage of these opportunities. These results reconfirmed both, with the pledge book up 28% and net pawnbroking revenue up 36%. Like many in the retail space, H&T faced the challenge of customers focusing on lower-value, lower-margin items in the key run-up to Christmas 2
Companies: H&T Group plc
Share: