• 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
12 Nov 2020
Good Q3 figures, net profit is above consensus
Talanx AG (TLX:SWX), 0 | Talanx AG (0QA8:LON), 0 | Talanx AG (TLX:ETR), 0 | Talanx AG (TLX:WBO), 0 | Talanx AG (TNXXF:OTC), 0
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Good Q3 figures, net profit is above consensus
Talanx AG (TLX:SWX), 0 | Talanx AG (0QA8:LON), 0 | Talanx AG (TLX:ETR), 0 | Talanx AG (TLX:WBO), 0 | Talanx AG (TNXXF:OTC), 0
- Published:
12 Nov 2020 -
Author:
Dieter Hein -
Pages:
3
• 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