Net attributable profit tripled from €60m for Q2 15 to €179m for Q2 16 due to a goodwill impairment of €155m on the German life business in Q2 15. Net premiums earned were up by 2.5% to €6.5bn for Q2 16 compared to Q2 15. The net investment result declined by 10% to €940m for Q2 16. Insurance claims were up by 1% to €5.3bn in Q2 16. The group’s net combined ratio of the non-life business increased from 96.2% for Q2 15 to 97.3% for Q2 16. Pre-tax profit was
12 Aug 2016
Q2 figures in line with expectations and guidance
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Q2 figures in line with expectations and guidance
Talanx AG (TLX:WBO) | 0 0 -0.1% | Mkt Cap: 8,919m
- Published:
12 Aug 2016 -
Author:
Dieter Hein -
Pages:
2
Net attributable profit tripled from €60m for Q2 15 to €179m for Q2 16 due to a goodwill impairment of €155m on the German life business in Q2 15. Net premiums earned were up by 2.5% to €6.5bn for Q2 16 compared to Q2 15. The net investment result declined by 10% to €940m for Q2 16. Insurance claims were up by 1% to €5.3bn in Q2 16. The group’s net combined ratio of the non-life business increased from 96.2% for Q2 15 to 97.3% for Q2 16. Pre-tax profit was