Talanx Q2 profit rises by 11%, but misses consensus
Operating profit at German carrier Talanx increased by 11.1
percent to EUR549mn ($649mn) for the second quarter of 2017,
slightly undershooting the EUR555mn consensus estimate from
analysts.
The majority owner of Hannover Re noted that group net income
had risen by almost a quarter to EUR225mn, with net investment
income rising by 14.3 percent to EUR1.1bn.
The top line also increased by 5 percent to EUR7.8bn.
However, its underwriting result worsened from a EUR362mn loss
in Q2 2016 to a...
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