Foreign exchange causes dip in Talanx bottom line

Operating profit at German carrier Talanx fell 10.9 percent to
EUR573mn ($650.6mn) in the first quarter of the year, with foreign
exchange movements accounting for most of the change, as it beat
the analyst consensus.
Exchange rate gains fell to EUR32mn, down from EUR83mn in the
prior year period.
Group net income fell by 11.6 percent to EUR222mn in Q1 2016,
impacted by a one-off EUR19mn special item which benefitted
Hannover Re in Q1 2015. Excluding this, the net income...