Talanx earnings rise in Q2 despite nat cat effects

German (re)insurer Talanx has reported a 31.9 percent increase in
operating profit for the second quarter of the year, taking the
total to EUR491mn ($547.4mn).
Group net income after minority interests almost tripled to
EUR179mn, while the top line ticked up by 0.6 percent to
EUR7.4bn.
Keefe Bruyette & Woods analyst William Hawkins said that the
result encompassed "a small miss" from each of
Talanx's primary insurance operations, but the industrial lines
underwriting performance was "reassur