Net attributable profit decreased from €165m for Q2 14 to €60m for Q2 15 due to a goodwill impairment of €155m on the German life business. Gross written premiums were up by 13% to €6.6bn for Q2 15 compared to Q2 14. The net investment result rose by 11% to €1.04bn for Q2 15. Insurance claims were up by 16% to €5.3bn in Q2 15. The group's net combined ratio of the non-life business decreased from 98.4% for Q2 14 to 96.2% for Q2 15. Equity capital attributable to
12 Aug 2015
Good Q2 figures burdened by impairments
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Good Q2 figures burdened by impairments
Talanx AG (TLX:WBO) | 0 0 -0.1% | Mkt Cap: 8,919m
- Published:
12 Aug 2015 -
Author:
Dieter Hein -
Pages:
2
Net attributable profit decreased from €165m for Q2 14 to €60m for Q2 15 due to a goodwill impairment of €155m on the German life business. Gross written premiums were up by 13% to €6.6bn for Q2 15 compared to Q2 14. The net investment result rose by 11% to €1.04bn for Q2 15. Insurance claims were up by 16% to €5.3bn in Q2 15. The group's net combined ratio of the non-life business decreased from 98.4% for Q2 14 to 96.2% for Q2 15. Equity capital attributable to