• 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
12 Aug 2020
Solid Q2 figures but higher COVID-19 costs
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Solid Q2 figures but higher COVID-19 costs
Talanx AG (TLX:WBO) | 0 0 -0.1% | Mkt Cap: 8,919m
- Published:
12 Aug 2020 -
Author:
Dieter Hein -
Pages:
2
• 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