Insurance: Talanx becomes more optimistic for the full year
After a good half-year, the insurer expects to exceed its annual forecast. This is because the damage is turning out to be lower than expected.
Talanx has increased its annual forecast due to rising profits and low damage costs. The company's CEO, Torsten Leue, expects a consolidated result of significantly more than 2.7 billion euros for the year. In the first half of the year, the insurer based in Hannover achieved a net profit of 1.5 billion euros, a 9% increase, and a 3% rise in insurance revenue to 24.3 billion euros. Talanx's stock rose 5% following the announcement.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
