Net attributable profit increased by 32% to €234m for Q3 16 compared to Q3 15. Net premiums earned declined by 3% to €6.3bn for Q3 16 compared to the same period last year. The net investment result was up by 7% to €1.02bn for Q3 16. RoI was 3.5% for 9M 16 compared to 3.7% for 9M 15. Insurance claims decreased by 5% to €5.2bn in Q3 16 compared to Q3 15. The group net combined ratio of the non-life business was 96.4% for Q3 16 compared to 98.0% for Q3 15. Pre-tax profit ros
15 Nov 2016
Good Q3 results and new but unambitious FY2017 target
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Good Q3 results and new but unambitious FY2017 target
Talanx AG (TLX:WBO) | 0 0 -0.1% | Mkt Cap: 8,919m
- Published:
15 Nov 2016 -
Author:
Dieter Hein -
Pages:
2
Net attributable profit increased by 32% to €234m for Q3 16 compared to Q3 15. Net premiums earned declined by 3% to €6.3bn for Q3 16 compared to the same period last year. The net investment result was up by 7% to €1.02bn for Q3 16. RoI was 3.5% for 9M 16 compared to 3.7% for 9M 15. Insurance claims decreased by 5% to €5.2bn in Q3 16 compared to Q3 15. The group net combined ratio of the non-life business was 96.4% for Q3 16 compared to 98.0% for Q3 15. Pre-tax profit ros